New York City — Newmark has arranged a 5,104-square-foot retail flagship for Yankeekicks on behalf of ownership, The Wings Group, at its NoHo asset 666 Broadway in New York City. Yankeekicks, a Miami-based sneaker retailer, signed a long term lease to occupy the ground-floor corner flagship space. Newmark’s vice chairman, Ariel Schuster, and director, Mitch Heifetz, represented the landlord on the lease transaction. Yankeekicks’ CEO and founder, Yaniv Bar, began collecting and reselling rare sneakers in 2017, capturing the attention of consumers along the way. Within a 3-year period, Bar’s …
Cushman & Wakefield
New York City — Fexa, a highly configurable facilities management enterprise SaaS platform, has acquired Trakref to deliver on its mission of helping facilities and operations teams leverage technology to drive better business outcomes. The combined company will continue to make its unique products and services available independently to customers and partners across the grocery, healthcare, financial services, data center, real estate and food services industries as they rapidly innovate to deliver new, integrated capabilities. Fexa and Trakref will continue to value and pursue extensibility with other systems, platforms and …
Schaumburg, Ill. — Watterson has appointed Lisa M. Fry to chief growth officer. As a global business leader with more than 25 years of experience in the commercial real estate industry, Fry specializes in business strategy, facilities management and enterprise client solutions. Fry brings with her the expertise from international real estate giants CBRE and Cushman & Wakefield, where she held global executive and senior management roles. “My goal will be to build upon Watterson’s great foundation and assist in shaping the strategy of the company for the future,” says …
— Interview with Neil Gill — As the leader in dog daycare, Dogtopia is on track to open 50 new locations this year through robust retail franchising and a business model that focuses on overall wellness — for the dogs and their humans. As the saying goes, “Pets are people too.” And lucky are the dogs who get to experience day care at Phoenix-based Dogtopia, which currently operates 166 locations across 35 U.S. states and five Canadian provinces. During the height of the pandemic in 2020, when …
— By Steve Peldiak — What to look for in a surplus property managing partner. The safety of your families, workforce, partners and customers was understandably top of mind once COVID-19 emerged. Now we are all embracing the forthcoming transformations, especially within surplus properties. The landscape of commercial real estate is presenting itself in a mode of constant evolution; focusing on protecting these assets, managing them with intelligent cost savings, and finding a holistic turn-key service provider will be vital to sustain the success of a property portfolio. The …
— By Jill Woodside — Facilities management during crises: Best practices to succeed. Numerous risks surround facilities management and those problems swell during major facilities management crises. The COVID-19 crisis is the most obvious, but its impact on facilities management is a true Black Swan event. According to James M. Berklan of McKnight’s Long-Term Care News, the costs of PPE have increased over 1,000% amid the crisis, and while it’s easy to only associate that cost with direct care workers, what about the PPE that facilities management custodial professionals …
Philadelphia — Global commercial real estate services firm Cushman & Wakefield has welcomed food, beverage and hospitality industry veteran Chef Michael Traud, J.D., Ed.D., to its national Specialty F&B, Entertainment & Hospitality Consulting team. In his new role as specialty food & beverage project management director, Traud will focus on food hall development, operations and programming, strategic restaurant curation, and music and special events procurement for real estate owner and investor clients across the U.S. He will be based in Philadelphia and will work directly with consulting team leaders Phil …
Chicago — A new wave of urban, experiential and independent retail concepts catering to changing consumer demands has led to the rise of 100 “Cool Streets” across the U.S. and Canada, according to a report released earlier this mo nth by global real estate services firm Cushman & Wakefield. The firm’s Cool Streets of North America report explores what’s driving the rise of the hottest retail districts across the U.S. and Canada. It outlines the top 20 Cool Streets in depth: Portland (whole city); Austin (whole city); Denver (whole city); …
Short Hills, N.J. — Schutz, the popular Brazilian shoe brand since 1995, has opened a new store at The Mall at Short Hills in Short Hills. Cushman & Wakefield’s Manhattan-based retail team — headed by Laura Pomerantz, Betty Ende and Heather Reihs Keller — represents Shutz exclusively in North America and arranged the 1,800-square-foot, long term lease. Schutz is located on the second floor of the mall, which is owned by the Taubman Company. “We were so happy that the Pomerantz Team brought Schutz to The Mall at Short Hills, …
Monmouth Junction and Paramus, N.J. — Two new property management assignments in Monmouth and Bergen counties reflect targeted retail-sector expansion for Cushman & Wakefield’s New Jersey Asset Services practice. The shopping centers, Heritage Square in Monmouth Junction and Paramus Junction in Paramus, add approximately 166,000 square feet to the team’s portfolio. Wasa Properties named Cushman & Wakefield to manage the 80,504-square-foot, three-building Heritage Square in Monmouth Junction. Michael Nevins and Betty Walker secured the assignment for Heritage Square, which is home to PetSmart, Bob’s Discount Furniture, Dunkin’ Donuts, Subway, Rita’s …