To compete for and cater to residents in what is one of Brooklyn’s most expensive submarkets, new and existing retailers are innovating their offerings outside of their traditional lane. “People are always trying to come up with a new branding idea,” Garry Steinberg of Lee & Associates said “That’s what Williamsburg is about and it hasn’t changed.” October 22, 2019 (NEW YORK, NY) – Retail flagship stores continue to spring up all over Williamsburg, Brooklyn. To…
Last-Mile Access to Customers Drives Distribution Center Conversions
August 20, 2019 (NEW YORK, NY) – E-commerce has been driving demand for industrial real estate for several years, but steadily increasing online sales coupled with growing consumer expectations for speedier delivery continues to put pressure on merchants to bridge the last mile to their customers. Considering that these projects are located in densely populated areas where land and available product are typically scarce, developers are increasingly converting obsolete warehouse and other properties into fulfillment centers….
GlobeSt.com Names Two Lee Principal’s as Women of Influence
GlobeSt.com has released their annual Women of Influence issue. This is the 26th year that they have covered the achievements of women in commercial real estate. Included are accounts of developments and deals and huge client wins as there are every year. In recent years, including this one, a change is in the air. The deals are getting bigger, the wins more numerous. Indeed, the number of women being recognized for their accomplishments is growing larger by the…
Lee’s Tale of Not Two, but Three Cities
The retail transformation is alive and well on both coasts. So say Lee & Associates brokers from L.A., Charleston and Manhattan. Of course, there are major differences, allowing for size and local market culture, as Lee & Associates brokers explain. How are Charleston, L.A. and New York City alike? Well, two out of three ain’t bad. For the former two metros, they’re alike in more ways than you would think, allowing of course for local…
Lee & Associates’ John Orr Named Influencer in Retail by GlobeSt.com
John Orr from Lee & Associates in Charleson is named one of the Retail Influencers in Globest.com JOHN ORR John Orr is the retail services director of Lee & Associates in Charleston, specializing in retail brokerage throughout the Carolinas, while also serving clients nationwide. Over his 30-year career, Orr has completed millions of square feet of retail transactions, including leases, acquisitions, dispositions and build-to-suit developments. His mission is to create value for clients through active…
Retail Brokerage: Thriving Where Competition Is Fierce
In an EXCLUSIVE GlobeSt.com article, Gregory M. Tannor, EVP at Lee & Associates shares five points of advice for a sector where bankruptcies are continuing to make headlines. February 1, 2019 (NEW YORK, NY) – Throughout my 16 years in the commercial real estate industry specializing in retail leasing and representing both tenants and property owners in Manhattan as well as nationally, I have learned and studied the best practices to help form and maintain relationships…