Peter Braus, Richard Kave & JP Sutro of Lee & Associates NYC represented landlord Blackstone Group. Target currently has outposts in Harlem, Tribeca and Herald Square, and it’s opening stores at Essex Crossing the Lower East Side and at 500 East 14th Street in the East Village this summer. Two more stores are on track to open in Hell’s Kitchen and on the Upper East Side next year.
McCraney acquires 44 acres of land and plans to construct 3 buildings totaling 402,582 SF in Ocoee, FL
William “Bo” Bradford, CCIM, SIOR, with Lee & Associates Orlando, represented the seller, a family-held private entity in this transaction.
Principal Bill Heim of Lee & Associates Ontario will be one of the brokers handling the listing for lease for the properties. Real Estate Development Associates, LLC a diversified investment company that acquires and develops industrial and office properties in Southern California, is the developer.
Colleen Carey, a 20-year commercial real estate veteran in the Los Angeles Basin and the San Gabriel Valley, has joined the Pasadena office of Lee & Associates. Ms. Carey, previously with Coldwell Banker Commercial Advisors (now Colliers International) as Senior Vice President, has joined the office as a Founding Principal.
In this day of dwindling foot traffic in the face of rising online sales, brokers need to go the next step to ensure their clients’ brick-and-mortar success.
Mr. Wacht recently moderated a panel for Connect Media’s “Connect New York,” titled “East vs. West: A Seismic Shift in Manhattan,” wondering aloud whether the panel’s title was a misnomer and suggested that “Rebirth and Renewal” might be more appropriated.
Jaime Schultz sat down with Commercial Observer and talked about the path that took her from artist to retail broker and mediation teacher.
Steve Bass of Lee & Associates Illinois, who represented BOX Partners and Ken Franzese and John Cassidy, also of Lee’s Illinois office, represented Conor Commercial. The 385,300-square-foot industrial facility is located near the intersection of Galvin and Higgins Roads and situated on a 22-acre parcel within Northwest Corporate Park with direct access to I-90.
Principal Richard Abbitt of Lee & Associates West LA spoke to The Real Deal LA about the Westside Pavilion conversion and what it could mean to other struggling malls.