Globest.com sat down with Aleks Trifunovic, president of Lee & Associates West L.A., to talk about the growth expected to come to the micro market near L.A. Football Club’s new soccer stadium Banc of California at Exposition Park next to the Coliseum.
Brett Zelner, Executive Managing Director/Principal of Lee & Associates NYC has arranged the office condominium sale of the 18,000-rentable-square-foot, 14th floor at 420 Fifth Avenue for $18.4 million to Marist College. The space will serve as an alumni and information center in New York City. Adult graduate programs and executive offices will also be housed here.
In an exclusive GlobeSt.com Q&A, Sean Lieppman, senior associate, and Noel Aguirre, principal, both of Lee & Associates Long Beach, do a deep dive into this community’s goals to become a live/work/play destination.
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.
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.