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The Real Estate Board of New York Announces Retail Deal of the Year Award Winners at the 22nd Annual Celebration
July 31, 2020
Lee & Associate’s Peter Braus wins the Most Significant Retail Deal of the Year Award
CBRE’s Richard Hodos, Joel Stephen and Michael Remer win the Most Ingenious Retail Deal of the Year Award
NEW YORK, NY – The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, announced winners of its 22nd Annual Retail Deal of the Year Awards at a virtual ceremony held July 30, where a portion of the proceeds benefitted Citymeals on Wheels.
Steven Soutendijk of Cushman & Wakefield and Fred Posniak of Empire State Realty Trust led the event, which recognized top brokers who have helped shape New York’s unique retail market and positively contributed to the life and growth of New York City businesses.
Recognized as the most meaningful transaction in its overall characteristics and importance to the New York City retail market, “City Winery Pier 57: A Deal A Decade in the Making” at Pier 57, at West 15th Street and West Street, transacted by Peter Braus of Lee & Associates NYC, was honored as The Most Significant Retail Deal of the Year.
Demonstrating exceptional ingenuity and creativity, The Most Ingenious Retail Deal of the Year title was awarded to: “Mischief Managed: CBRE Secures a Home for the First Harry Potter Wizarding World Store in the United States in the Flatiron District” at 935 Broadway / 161 Fifth Avenue, which was transacted by CBRE’s Richard Hodos, Joel Stephen and Michael Remer. This is Richard Hodos’ second time winning a REBNY Retail Deal of the Year Award.
“New York City’s retail market constantly evolves to adapt to the ever-changing needs of businesses and their customers,” said REBNY President James Whelan. “This year’s winners of our Retail Deal of the Year Awards are exceptionally adept at understanding the complexities of this market and executing deals that benefit both their clients and the New York City economy.”
Read about the 22nd Annual Retail Deal of the Year Award Submissions here.
View the Contest Rules here.
THE MOST SIGNIFICANT RETAIL DEAL OF THE YEAR
In a deal transacted by Lee & Associates NYC’s Peter Braus in July 2019, City Winery and RXR executed a lease for 25 years to relocate City Winery’s flagship location from Hudson Square (where it began) to 31,229 square feet at Pier 57 at West 15th Street and West Street.
THE MOST INGENIOUS RETAIL DEAL OF THE YEAR
In this deal brokered by CBRE’s Richard Hodos, Joel Stephen and Michael Remer, Warner Brothers signed a lease in the ideal sub-market for attracting tourists at 935 Broadway / 161 Fifth Avenue in the Flatiron District as the home for the first Harry Potter Wizarding World store in the United States.
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ABOUT THE REAL ESTATE BOARD OF NEW YORK
The Real Estate Board of New York (REBNY) is the City’s leading real estate trade association. Founded in 1896, REBNY represents commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; corporations, co-partnerships, and individuals professionally interested in New York City real estate. REBNY conducts research on various civic matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes, and other city, state, and federal legislation. REBNY regularly publishes market data, policy reports, and broker surveys. In addition, REBNY provides for its members: informational, technical, and technological resources; networking and charitable service opportunities; qualifying and continuing education courses; professional education programs, seminars, and designations; career-changing awards; legal advice; and a wide range of additional member benefits. For more information, please visit www.REBNY.com.