NEW YORK, NY – April 1, 2014 – The Real Estate Board of New York (REBNY) is looking for the cream of the crop for this year’s coveted Retail Deal of the Year Awards, which annually recognizes the most creative and significant New York City retail deals. Submission forms are available on the REBNY website (rebny.com) and submissions are due Thursday, April 10, 2014 at 5:00 pm. The winners will be announced at the Retail Committee’s Deal of the Year Cocktail Party on Tuesday, June 10, 2014, at the 101 Club.
“Every year we are impressed by the level of creativity that REBNY members employ in negotiating deals to bring retail to neighborhoods that might be under-served or areas where these transactions just don’t seem possible,” said Peter Braus, Managing Principal for Lee & Associates NYC and chair of REBNY’s Retail Committee. “We look forward to honoring our winners in June and celebrating with all of our nominees for their contributions to New York City’s lively retail landscape.”
REBNY will recognize two winners for top deals completed in 2013: the Most Ingenious Retail Deal of the Year that demonstrates ingenuity, creativity and exceptional broker acumen, and the Most Significant Retail Deal of the Yearthat recognizes the most significant retail deal in its overall characteristics and importance to the New York City retail market.
“Recognition from our peers in this industry is extremely fulfilling and these awards provide brokers with a chance to be acknowledged for their creativity, persistence and success in arranging noteworthy retail transactions,” said Robin Abrams, Executive Vice President for the Lansco Corporation and former chair of REBNY’s Retail Committee. “I am always amazed by the deals that my fellow brokers are able to negotiate and the great obstacles they are able to overcome with innovative solutions.”
“REBNY welcomes and considers all sales and leasing deals for these awards, regardless of the size of the transaction,” explained Joanne Podell, Vice Chairman of Retail Services for Cushman & Wakefield and former chair of REBNY’s Retail Committee. “What’s important is the transaction’s impact on a community and its reflection of ingenuity and professional skill, not necessarily the monetary value of the deal.”
Last year, David LaPierre of CBRE, Inc. won the Most Ingenious Retail Deal of the Year for his submission, “All Aboard the Express to Times Square: Express’ Journey to 1552/1560 Broadway.” Mr. LaPierre negotiated one of the most significant Manhattan retail deals of 2012 – a 30,000-square-foot, long-term lease for the new Express flagship store on Broadway.
The team of Jacqueline Klinger and Chase Welles of SCG Retail was honored with the Most Significant Retail Deal of the Year for their submission, “Whole Foods Harlem.” The award recognized the significance and importance of bringing Whole Foods to 100 West 125th Street on the southwest corner of Lenox Avenue. The deal showed potential for drawing more residents to the neighborhood, creating jobs, encouraging other businesses to move in, and attracting the attention of many more national and local retailers.
The deadline to submit a nomination is Thursday, April 10, 2014 at 5:00 pm. All contestants must be active REBNY members and all transactions must have been completed by December 31, 2013.
Registration is required to attend The Retail Deal of the Year Cocktail Party onTuesday, June 10, 2014, at the 101 Club. Please visit www.rebny.com for details.
About The Real Estate Board of New York
The Real Estate Board of New York is the city’s leading real estate trade association with more than 15,000 members. REBNY represents major commercial and residential property owners and builders, brokers and managers, banks, financial service companies, utilities, attorneys, architects, contractors and other individuals and institutions professionally interested in the city’s real estate. REBNY is involved in crucial municipal matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes and legislation. In addition, REBNY publishes reports providing indicators of market prices for both the residential and commercial sectors. Please visit us online at www.REBNY.com.