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Brokers Weekly, Featured »

[22 Aug 2014 | No Comment | ]
Superhero style gives new venture a sporting chance

By Dan Orlando
Darrin Harrold wears the mantle of successful real estate entrepreneur the same way Bruce Wayne wears his Batman cape.
A strong believer in the motto, “Do what makes you happy and you’ll never work a day in your life,” the owner of Tri Properties appears determined to involve himself in every activity that does, in fact, bring him joy.
By day, Harrold teaches elementary physical education at the Canadian International School based in Singapore and works as the referee-in-chief of the Singapore Ice Hockey Association.
A husband and father of three …

Brokers Weekly, Featured »

[22 Aug 2014 | No Comment | ]
Far East Brooklyn nabe on the verge of residential boom

By Holly Dutton
The Brooklyn neighborhood of East New York has been on the tip of everyone’s tongue lately, with the area posed to be the next new frontier.
East New York is an area that is so far East in the borough, it isn’t always included on real estate listings and real estate brokerages’ websites.
Bordered by Brownsville to the West, Ozone Park to the East, Bushwick and Ridgewood to the north and Jamaica Bay to the South, the area is being talked about as one of next gentrified neighborhoods, like Crown …

Deals & Dealmakers, Featured »

[13 Aug 2014 | No Comment | ]
Gedinksy gets her groove on filling city space with stores

Retail leasing broker Kelly Gedinsky has parlayed her insider knowledge as a native New Yorker into retail gold, as a top-performing broker at Winick.
“Growing up in the city, I think that helps a lot for doing retail without even knowing it,” said Gedinsky. “Intuitively, I have a really good sense of who belongs where, and I’ve seen neighborhoods change and seen what lasts and what doesn’t.”

Brokers Weekly, Featured »

[5 Aug 2014 | No Comment | ]
Average US Realtor is 56; Manhattan attracts younger crowd

By Holly Dutton
It’s official. American Realtors are getting younger.
According to a new survey from the National Association of Realtors (NAR), the average age of a Realtor is 56, marking the first drop since 2007, according to NAR’s 2014 Member Profile. Ten years ago, that average was 52.
But in the fast-paced market of Manhattan real estate, the business is attracting a much younger crowd, according to most executives.
“There are so many young kids in the business in New York these days, but I am glad to know that the average age …

Deals & Dealmakers, Headline, Retail »

[23 Jul 2014 | No Comment | ]
Flatiron foot traffic outpacing Fifth Ave.

An ABS leasing team is marketing retail space in a Flatiron corridor that has outstripped Fifth Avenue as the hottest spot for foot traffic.

John Brod and Gregg Schenker, of ABS Real Estate, commissioned a pedestrian traffic study at 915 Broadway, where the duo is marketing an 8,000 s/f ground-floor flagship space.

“I think this is a condition in the marketplace that very few retailers and real estate professionals are aware of and makes for a unique opportunity for tenants and brokers to be ahead of the curve with this knowledge and take advantage of,” said Schenker.

Deals & Dealmakers, Featured »

[15 Jul 2014 | No Comment | ]
New York sale prices hit pre-recession levels

Massey Knakal painted a sunny picture of second quarter investment sales activity in Manhattan as deal volume soared to pre-recession levels.

“The second quarter of 2014 picked up where the first quarter left off,” said Massey Knakal chairman Bob Knakal.

“The number of properties sold is on pace for an all-time record and the dollar volume is not far behind. A sustained supply demand imbalance continues to exert upward pressure on property values citywide.”

Brokers Weekly, Featured »

[3 Jul 2014 | No Comment | ]
Affordable luxury the watchword at new tower

On the Upper East Side, a recently converted condo building is making a name for itself with more bang for the buck.

RFR’s 300 East 64th Street, located in Lenox Hill on the corner of Second Avenue and East 64th Street, recently began sales at the building, which touts luxury living with an affordable price tag — a 472 s/f studio is listed for $810,000 while a 725 s/f one-bedroom is listed for $975,000.

Deals & Dealmakers, Featured »

[3 Jul 2014 | No Comment | ]
Soccer fan Roth scoring big at the feet of development powerhouse

A would-be soccer player is scoring big as a retail leasing and acquisitions broker with Manhattan Skyline Management Corp.
In the past several months, Josh Roth signed tenants such as the J.Crew-owned Madewell clothing store, TD Bank and Pro Health urgent Care Center.
Now he is learning at the desk of prolific developer Donald Zucker, chairman of Manhattan Skyline.

Featured, Retail »

[2 Jul 2014 | No Comment | ]
Restaurateurs sour on rising rents

With rents increasing in all of the prime retail areas, and longtime restaurants like Union Square Café shuttering after 30 years, restaurateurs are looking elsewhere to plant their flags. Danny Meyer, whose Union Square Café is among a long list of restaurants opened through the Union Square Hospitality Group (USHG), including Gramercy Tavern, The Modern and the Shake Shack chain, shocked the industry and patrons when he announced recently that the restaurant will forfeit its lease on East 16th Street between Broadway and Fifth Avenue, after 30 years in business.

Blaming rising rents, Meyer said, “We are viewing this as an opportunity to write the next great chapter for Union Square Cafe,” the USHG said in an e-mailed statement. Meyer told the the New York Times the restaurant would reopen in the future, but “not necessarily in or near Union Square.” In a REBNY retail market report released in April, Fifth Avenue between 49th and 59th Streets had the highest average asking rent for any corridor and hit a new record of $3,550 psf, a 16 percent increase from spring 2013.

Brokers Weekly, Featured »

[26 Jun 2014 | No Comment | ]
Developers striving to bring residential services to the next level

By Holly Dutton
Developers are honing in on what buyers and renters in NYC want — going from traditional to modern and creating spaces that residents need – whether they know it or not.
Jodi Stasse, managing director of new developments at Citi Habitats, has seen a shift in traditional building amenities coming out of the basement and into the light — literally.
“A lot of the amenity spaces are incorporated into basement levels of buildings, which gets no natural light,” she said. “It’s a real decision to get them above street level. …

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