60 Guilders has executed a lease with Swarovski for 1,800 s/f of ground floor retail space at 542 Broadway in SoHo. Broad said his favorite part of the [deal] was how 60 Guilders connected with the tenant’s broker, Jedd Nero of Lee & Associates. Back in January, 60 Guilders posted an Instagram of managing partner Kevin Chisholm carrying old mannequins out of the store. “The post yielded numerous inquiries about the store, and we were…
Brett Traussi, Chef Boulud’s Former Right-Hand Man, Joins Lee NYC
Brett Traussi, chef Daniel Boulud’s former right-hand man who helped Boulud expand his empire from two restaurants to 17, joined Lee & Associates NYC as a hospitality specialist and retail associate in its retail leasing department. “New York simply cannot bounce back without a vibrant restaurant industry,” Peter Braus, the managing principal at Lee NYC, said in a statement. “Brett has developed and managed memorable restaurants like Restaurant Daniel, Café Boulud and Le Cirque 2000 and will be…
Peter Braus Discusses Lower Manhattan in the COVID-19 Era
As the slowdowns and shutdowns of the COVID-19 era seem likely to last deep into 2021, many analysts and real estate figures see a significant and sustained drop in demand threatening the ecosystem of developments. “We clearly have a need for another stimulus,” said Peter Braus, managing principal of Lee & Associates, a firm that focuses on commercial real estate. “Economists on the left and right agree there’s a need for additional stimulus to recover,…
Peter Braus Brings Chefscape to Greenwich Village
Chefscape, a managed kitchen-cum-food incubator, is replacing ghost kitchen Kitopi in Greenwich Village, Commercial Observer has learned. Chefscape, which operates communal kitchens along with food halls, has signed a 15-year lease for 7,500 square feet at 116 West Houston Street, according to information from Lee & Associates NYC, which brokered the deal. Ghost Kitchen Chefscape Replaces Ghost Kitchen Kitopi on Houston Street
Peter Braus Wins Retail Deal of the Year
Veteran New York retail broker Peter Braus last night picked up the city’s top honor for relocating national restaurant and entertainment chain, City Winery, to the new Pier 57 on the Hudson River. During a virtual awards ceremony hosted by the Real Estate Board of New York, the managing principal of Lee & Associates was honored with The Most Significant Retail Deal of the Year award. Recognized as the most meaningful transaction in its overall…
NAVIGATING COVID-19: Subletting CHALLENGES
There is a substantial amount of uncertainty as to what the commercial office market will look like as we emerge from the COVID-19 crisis. Will companies continue to allow their employees to work from home and thereby reduce their overall footprint? Will office footprints increase to allow health officials’ recommended social distancing within the office space? What will the impact of the economic downturn be on the demand for office space? While there are no…
Q1 2020 NYC Office Market Report
After several years of significant growth, office leasing velocity started to slow in January and fell precipitously in the final days of the first quarter as a direct result of the COVID-19 pandemic. Although uncertainty abounds as the world navigates through unchartered waters, we foresee leasing velocity stalling further, causing availability rates to materially increase across each of New York City’s submarkets, as a deluge of sublet space is added to 2Q 2020 inventory from…
CRE in the Time of COVID-19: 5 Questions Lee NYC Brokers Can Answer for Tenants
As COVID-19 continues to spread across our country it has left us all with fear, uncertainty, and many questions. Lee & Associates remains committed to our clients during this time, and want to provide as many answers and as much information as we can. In order to do so, we’ve spoken with two of our office brokers, Justin Myers and Conor Krup, to help guide tenants through this time. Below they’ve answered the most frequent…
CRE in the Time of COVID-19: 5 Questions Lee NYC Brokers Can Answer for Tenants
As COVID-19 continues to spread across our country it has left us all with fear, uncertainty, and many questions. Lee & Associates remains committed to our clients during this time, and want to provide as many answers and as much information as we can. In order to do so, we’ve spoken with two of our office brokers, Justin Myers and Conor Krup, to help guide tenants through this time. Below they’ve answered the most frequent questions they’ve received…