News:
Brokerage
Posted: June 10, 2016
The Feil Organization completes three new leases at the Union Square building
853 Broadway, Union Square - New York, NYBrack Capital Group, a global real estate company that is involved with extensive real estate activities, energy and venture capital investments, has taken the entire second floor of the building, totaling 8,815 s/f. Shaw Industries, one of the world's largest carpet manufacturers and a division of Berkshire Hathaway, will occupy the entire third floor with 7,963 s/f. Media iQ Digital LTD, a leading global analytics software and services company, will take the entire fourth floor with 8,013 s/f.
The three new office firms join other building tenants that include Capital One Bank and MAC Cosmetics. The 21-floor 853 Broadway Landmark building has recently undergone a major renovation. The façade of the first five floors of the 157,000 s/f building have been remodeled with glass curtains on four levels, and a full lobby renovation also has been completed.
Owned by The Feil Organization, 853 Broadway is in the heart of one of the most vibrant, rapidly growing corridors in the city's commercial district in Union Square. The area features a host of destination retailers, world famous restaurants, prestigious educational institutions and corporations including W Hotels, Nordstrom Rack, The New School, DSW, Regal Entertainment Group, Best Buy, Whole Foods, and Beth Israel Medical Center.
The building is located at the southwest corner of Broadway and 14th St. Pedestrian traffic totals 350,000 people daily and nearly 250,000 consumers visit the nearby Union Square Greenmarket weekly. Union Square Station is New York City's fourth busiest subway station boasting 34.9 million subway riders per year serving the 4, 5, 6, L, N, Q and R trains, making Midtown South one of the most easily accessed areas in Manhattan.
The Feil Organization is a privately owned commercial real estate firm headquartered in New York City. The company owns and operates a nationwide portfolio of over 26 million s/f of retail and commercial space, and over 5,000 residential rental units.
Tags:
Brokerage
MORE FROM Brokerage
Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million
Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
.jpg)
.gif)
Columns and Thought Leadership
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,
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
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.
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
.gif)