News: Brokerage

The Durst Organization selects Winick Realty Group to exclusively market 205 East 42nd Street

The Durst Organization has hired the Winick Realty Group executive team of Steven Baker, president, and Kenneth Hochhauser to exclusively market another prime asset in the company's east side portfolio. The retail at 205 East 42nd St., located between Third and Second Aves., offers a rare retail availability on New York's storied 42nd Street retail corridor. The space, which consists of 5,636 s/f on the ground floor and 2,069 s/f on the lower level, will have a new storefront installed, complete with a new window on the western side. Its dramatic interior offers 60 feet of 42nd Street frontage, as well as soaring 20-foot ceilings. "We are proud to represent a truly remarkable retail space in the heart of Manhattan's business district," said Baker. "This availability is the ideal opportunity for a restaurant or retailer to attract not only the many office workers in the area, but also the dense population of residents, tourists and commuters from Grand Central Station, which is located only blocks away." "We look forward to working with Steven and the Winick team on leasing up the retail at 205 East 42nd St.," said Brandl Frey, leasing manager at The Durst Organization. "We have just finished a two-year repositioning of 205 as a center for non-for-profit and government users and are excited by the opportunity to find a high-quality retail user to complement our distinguished tenant roster."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent