Insights

The New Jersey native, who had recently graduated from Ramapo College, learned to continue hustling in the two years since, nabbing 6,400 square feet for Raven Capital Management at 75 Spring Street; 7,000 square feet for Smuggler, the film and TV production company, at 38 West 21st Street; and getting 17,625 square feet for Cargo at 100 Broadway. Click here to read more about Conor Krup on Commerical Observer’s 30 Under 30 Top Leasing and…

Lee NYC welcomes Jon Zuckerman to its executive team as Chief Operating Officer. Prior to joining Lee NYC, Mr. Zuckerman was an Executive Managing Director at Colliers International. Most recently, he has focused on tenant representation although he boasts an eclectic background that includes extensive property owner representation as well. He has been featured on CoStar’s list of New York City’s Top 20 Brokers based on leasing volume, primarily due to numerous years in which…

Inked, a magazine dedicated to tattoo culture, plans to open up its first retail shop and tattoo studio in Chelsea. The publication, owned by holding company Quadra Media, inked a 10-year deal for 8,500 square feet on the ground floor and lower level of 150 West 22nd Street, between Sixth and Seventh Avenues, according to tenant brokers Lee & Associates NYC. Asking rent was $108 per square foot. Click here to read the full story…

Vickram Jambu, Senior Managing Director of Investment Sales, Chris Varjan, Senior Managing Director of Investment Sales, Jonathan Braun, Director, and George Steffani, Director, of Lee & Associates NYC, have been named the exclusive sales agents for the two contiguous elevator apartment buildings located in Williamsburg, between Hooper and Hewes Streets. 409 Broadway and 413 Broadway are 10,800 and 11,694 square feet respectively. Each building consists of 20 apartment units and two ground-floor commercial spaces. The…

Brad Schwarz, Executive Managing Director/Principal, of Lee & Associates NYC has negotiated a ground-floor, 11,491-square-foot lease at TF Cornerstone’s The Max at 606 West 57th Street, between Eleventh and Twelfth Avenues, for Lightbridge Academy. “Lightbridge Academy will effectively service the dense residential community of this far west side neighborhood which has really taken shape in recent years,” explains Mr. Schwarz, who represented the tenant. Click here to read about this transaction in The New York…

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. For space that matches their needs,…

Nero has led Avison’s retail services group since its creation five years ago. He will start at Lee & Associates on Aug. 19 as a managing director and principal, the same title he held at Avison Young. “Over the past 30 years, he has completed a number of high-profile retail transactions along Madison and Fifth Avenues as well as at the Time Warner Center, meaning that Jedd will be a strong addition to the Lee…

Gregory Gang, Executive Managing Director/Principal, and Sergio Turaev, Associate, of Lee & Associates NYC have negotiated a third-floor, 2,400-square-foot lease at 123 Fifth Avenue, between East 19th and East 20th Streets, for Crystal Design. “Positioned squarely in the midst of the shopping mecca that is the Flatiron District, 123 Fifth Avenue is a fantastic location for a bridal salon tenant’s introduction to New York City,” says Mr. Gang, whose leasing team represented Crystal Design. Click…

Eksprovocator Hair Club signed a deal for 1,900 square feet at 36 West 36th Street, the Russian hair salon’s first move into the U.S. market. The salon signed a five-year deal for space on the second floor of the seven-story building. “Since this location represents their first foray into the United States, the opportunity to be located right off the internationally recognizable Fifth Avenue was a major draw,” Catherine O’Toole of Lee & Associates said…