Parched Hospitality Group is moving its Australian restaurant Isla & Co. to a larger location in Williamsburg. The 2,150-square-foot space, located at 66 Grand St., was previously occupied by Taiwanese restaurant Mama Lee. Isla & Co. is expected to open there in mid- September. The restaurant is relocating from The William Vale hotel, where it spent a little more than three years in a 1,600-square-foot space. The lease is for 10 years. Asking rent was…
Capital Fund Management Leases at 510 Madison Ave
Paris-based hedge fund Capital Fund Management (CFM) has signed a long-term lease for two full floors at 510 Madison Avenue, marking a major tenant win for landlord Boston Properties (BXP) as it continues to revamp the Midtown East office tower. The quantitative hedge fund, which manages over $19 billion in assets, will occupy the 28th and 29th floors, totaling approximately 23,000 square feet, with reported asking rents reaching $160 per square foot. CFM plans to…
M&T Bank Announces New Bronx Branch to Open in Fall 2025
M&T Bank today announced its expansion in New York City with a 2,484-square-foot lease at 2976 Third Avenue in the Melrose neighborhood of the Bronx. The bank signed a 20-year lease, highlighting its commitment to serving Bronx residents. “We are thrilled to bring another branch to the Bronx,” said Blair Ridder, NYC Regional President of M&T Bank. “Along with continuing to help our customers achieve their financial goals, we are deeply committed to making meaningful investments in the…
West 36th Street Lease | Liba Fabrics Consolidates NYC Office
Liba Fabrics has secured a new 149 West 36th Street lease, consolidating its New York City operations with a 4,000-square-foot office in the heart of the Garment District. The move allows the longtime textile company to remain rooted in Midtown while right-sizing its space to better support current operational needs. The 149 West 36th Street lease represents a downsizing for Liba Fabrics, which previously occupied 7,500 square feet across the street at 132 West…
Capping Ground Lease Charges for New York Co-Ops Would Be Disastrous
There has been press recently about co-operative buildings on ground leases, where land ownership is separate from building ownership. The co-op does not own its land but “rents” it from the actual landowners, allowing co-ops to lease the land under their buildings for a fixed period, often decades. In cities like New York, where land is scarce and property prices soar, co-ops built on ground leases have long been a pragmatic solution. As these leases…
Valeria Syanchuk Joins Lee & Associates NYC as Director of Market Research
Valeria Syanchuk has been appointed Director of Market Research at Lee & Associates NYC. In this new role, she will lead the firm’s Market Research department, focusing on providing customized research solutions that support the company’s broad service offerings. Her work will enhance the firm’s mission to blend local market insights with a global perspective, ensuring top-tier service for clients. Syanchuk previously served as a Senior Research Analyst at Cushman & Wakefield. Read Full Article…
Pietro’s Signs Long-Term Retail Lease at 890 Second Avenue
Italian steakhouse Pietro’s has signed a major 890 Second Avenue lease agreement in Midtown East, securing a 15-year retail space in one of Manhattan’s most desirable corridors. The deal brings the nearly century-old restaurant back to New York City after its previous Midtown location closed, reaffirming the strength of Pietro’s lease Midtown East and the appeal of 890 Second Avenue for restaurant and retail tenants. Pietro’s, which first opened in 1932 at 232 East 43rd Street,…
397 Bridge Street Lease | Downtown Brooklyn
Two new tenants have signed leases at 397 Bridge Street, adding momentum to Downtown Brooklyn’s office and retail market. Event planning platform Partiful and Pilates studio Bodyrok have each secured space at the 10-story property, highlighting the continued demand for well-positioned buildings in the neighborhood. As part of the 397 Bridge Street lease activity, Partiful will occupy approximately 7,000 square feet on the building’s 10th floor, while Bodyrok has signed for 2,000 square feet of…
809 Broadway Lease Brings Chubby Bowls to Greenwich Village
A new tenant is coming to Greenwich Village as Chubby Group has signed an 809 Broadway lease to open its latest quick-service restaurant concept, Chubby Bowls. The restaurant will occupy approximately 5,200 square feet at the property, adding another food-focused tenant to the growing retail corridor along Broadway. As part of the 809 Broadway lease, Chubby Bowls will take 3,900 square feet on the ground floor and an additional 1,300 square feet on the lower…