#retailleases

[malcolmrei]

#ComingSoon #RetailLeases 🤑🏬🤑🏬 “Two fantastic retail spaces located at 829-831 St. Johns Place, Brooklyn, NY 11216 in the highly desired area of Crown Heights. These two retail spaces available for lease together or separately; 27 feet combined frontage. No key money is required. Both space will need a business owner’s touch to make the perfect space. The owner/landlord is renting these spaces as-is. The great lease rate reflects the space current condition. Each space is about 1200 square feet. The spaces are zoned retail. The building has 10 residential units. There is already a captive customer base for retail. Call us today to see where you business can be soon. Renter agents must collect there own fee.” #DM me for more information. 🤓 @thomasbrooklynbroker : : : Malcolm from #Breuckelen @compass 😉🏠🤎 License Associate #RealEstate #Broker🗽#Buying #Selling #Leasing #Investing #USMCVet #PrattGrad #KappaMan Τελειωοις (at Crown Heights BK) https://www.instagram.com/p/CZTUo1csLQc/?utm_medium=tumblr

[moyssidis]

A Miami-Dade circuit judge has dismissed a principal piece of a lawsuit that briefly froze a major redevelopment project aiming to bring a Target, other big retail stores & new housing to impoverished Overtown. Following the partial dismissal, developer Michael Swerdlow & partner Alben Duffie announced they have closed on the purchase of the property for the project from the city of Miami’s Southeast Overtown/Park West Community Redvelopment Agency. On Monday, Swerdlow & Duffie said they have secured $25 million in financing for the purchase and pre-development planning, & hope to start construction in early 2021. The partners also said the housing component, originally planned as a mix of market-rate & affordable housing, will now be composed exclusively of affordable housing. Of those 578 affordable units, 85 percent will be earmarked for people 62 & over. Full financing for the $350 million project is pending, a spokesman for Swerdlow said. Read more in the Miami Herald. #mixeduseproperties #multifamily #multifamilyinvestor #multifamilyinvestments #retailleases #retailnews #investor #investormindset #commercialrealestate #commercialagent #elliman #ellimanfl #ellimancommercial https://www.instagram.com/p/CFNLerwppj_/?igshid=1r4nfuzyinxgj

[moyssidis]

Bal Harbour has sued Saks and terminated its lease. Saks’ extensive arrearages include long overdue rent that accrued pre-COVID as well as percentage rent on sales that occurred after Saks re-opened for business after the lifting of closure orders from County and Municipal governments. Yet, despite being given months to honor its past due rental obligations and despite Saks’ impressive post-COVID sales at Bal Harbour Shops, Saks steadfastly refused to make any effort to pay any part of its rent. Legal experts say that $18.5 million advance, not the back rent, may be the thing that actually spurred the eviction Bal Harbour has long been one of the country’s top-grossing malls. Opened in 1965 as the first all-star luxury fashion shopping center, the 450,000-square-foot Bal Harbour Shops is home to more than 100 global brands including Chanel, Gucci, Missoni and Chanel. Bal Harbour Shops rakes in $3,185 in sales per square foot. Read more here: https://www.miamiherald.com/news/business/article245264565.html #retailnews #retailtenants #retailleases #retailleasing #retailcre #retaillandlords #balharbour #saksfifthavenue #retaildesign #retaillife #retailproblems #retailstore #retaillease https://www.instagram.com/p/CEZKtPnJ_Za/?igshid=1dx8yhr16ub8w