Articles Archive for 18 May 2012
Deals & Dealmakers »
The reinvigoration and repositioning of a Melville office building provided a workout for Farmingdale-based Wachtler Knopf Equities LLC, which completed a deal that allowed Equinox Fitness Clubs to open the first Long Island location of its newest gym concept, Blink Fitness.
WKE, faced with 29,000 s/f of vacant space at 121 Broadhollow Road, an office building it has managed since 2005 on behalf of an affiliate of Great Neck, NY-based Sterling Equities, needed to act.
“I thought this building, prominently located at the corner of Route 110 and Pinelawn Road and …
Deals & Dealmakers, Featured »
Editorial Supplements »
667 Madison Avenue’s corner retail unit will be available for the first time in 25 years when Cole Haan leaves in February of 2013.
The corner unit consists of 1,689 s/f of ground floor retail and 1,858 s/f of storage space along with 500 s/f of mezzanine space.
The retail unit is located at the southeast corner of East 61st Street and Madison Avenue in what has historically been the wealthiest zip code in the United States.
It is directly across from Barney’s and amid Manhattan’s greatest stretch of high-end luxury retailers with …
The brokers behind 11 of best retail deals closed on New York’s streets last year are lining up to compete for the The Real Estate Board of New York (REBNY) coveted Deal of the Year award.
REBNY announced this week that the task of selecting the best of retail real estate is now underway.
The awards highlight the most inventive and noteworthy New York City retail deals of the past year.
The winners will be announced at the Retail Committee’s annual cocktail party on June 12, at the 101 Club.
“We recognize the level …
Editorial Supplements, Opinion »
By J.D. Parker
and Michael J. Fasano,
Marcus & Millichap
The U.S. retail investment sales market staged a strong performance last year as property sales rose 32 percent from 2010 to nearly $61 billion.
Prices for power centers and neighborhood centers increased 9.1 and 7.2 percent, to $148 and $135 per square foot, respectively.
While the highly coveted single-tenant net-lease investment sector continued to gain momentum, shopping centers and other multi-tenant properties captured nearly 68 percent of total sales, for which cap rates compressed by 40 basis points.
Gateway investment markets New …
By Jeffrey Roseman
President & Principal
Newmark Grubb Knight Frank Retail
It was early 2000 and we had just completed another tour of New York City with Austin based Whole Foods, which at that time was the best supermarket that no one on the East Coast had ever heard of.
We were now going on our 5th year of showing them around Manhattan, looking at every available site trying to extol the virtues of why they needed to be here and how potentially lucrative the New York City marketplace would be to them.
And while …
Brokers Weekly »
Charles Rutenberg Realty is expanding its firm by adding around 100 agents working in commercial real estate.
They will cover the entire Long Island and New York metropolitan areas and, if necessary, will complete transactions on a national basis.
Richard Diller, the new director of the commercial division, commented, “Our growing roster of agents will give us a broader presence in the marketplace and provide businesses and investors greater resources when considering new locations as well as new investment opportunities.”
Diller was the founding member of Equity Programs, Ltd., a real estate firm …