The Country’s Food Hall Appetite Is Growing “Food halls are proliferating because customers are still enjoying options,” Tannor said. “When a group is meeting up for lunch, be it colleagues, business associates, clients, friends and even families, it’s hard for everyone to decide what they want to eat. Rather than settle and pick a restaurant that nobody is going to be happy at, food halls offer a variety of choices to please everyone’s taste buds. In…
Henry Abramov, Lee NYC Research Dir, on Sheepshead Bay’s Condo Market
Bay Watch Brooklyn’s development boom is hitting Sheepshead Bay, but the glut of condos is causing a commercial shortage, sources say. “You’re not going to find that many investors willing to develop or operate office buildings out there, and that’s part of the problem,” said Henry Abramov, research director at the New York-based commercial brokerage Lee & Associates, which recently shared an analysis of the neighborhood with The Real Deal. Read the entire story here…
The top 10 NYC retail leases in February: Alo Yoga – 241 Bedford Avenue
Alo Yoga, 241 Bedford Avenue, Williamsburg – 14,228 square feet The yoga studio signed a lease for 14,228 square feet of retail space at 241 Bedford Avenue. Lauren Musacchio and Alissa Bersin of McDevitt Company represented the tenant. Jaime Schultz of Lee & Associates NYC represented the landlord, RedSky Capital. https://therealdeal.com/2018/03/06/the-top-10-nyc-retail-leases-in-february/
citybizlist interviews Peter Braus on Church St School for Music & Art
Peter Braus, Managing Principal of Lee & Associates NYC, has arranged a lease for the Church Street School for Music and Art at 41 White Street in Tribeca. Working directly with Executive Director Lisa Ecklund-Flores, who founded the non-profit music and arts school in 1990, Mr. Braus spent nearly two years searching for a location that met the school’s criteria for affordability in the Tribeca submarket and room enough to accommodate a student body that starts at…
REBUSINESS quotes Peter Braus on Toys ‘R’ Us closing 20% of its stores
“Like other retailers, traditional toy retailers have been decimated by multiple forces,” says Peter Braus, managing principal in the New York City office of Lee & Associates. “First, Walmart and Target took away much of the market from specialty toy stores. As Amazon and online retailers began to take a larger and larger share of the market, this became too much for Toys ‘R’ Us and was the nail in the coffin.” Click here to…