Lease Beat

Yankee Mark Teixeira’s ‘Juice Press’ Investment Grows

Yankee Mark Teixeira holds one of his favorite Juice Press juices (twiends.com)

New York Yankees first baseman Mark Teixeira’s investment in “raw food,” smoothie and pressed juice company Juice Press seems to be paying off, with the rapidly-growing company signing a lease for another Manhattan store at 239 Columbus Avenue.  

The 400-square-foot Upper West Side outpost marks the 10th Manhattan location and counting for the brand, Read More

Baseball

Did ‘Blue-Collar’ Mets Settle For Less ‘Glitzy’ Long Island City Digs by Choice?

(Credit: John Dunn, The New York Times)

The New York Post reports that members of the New York Mets have “forsaken Yankee-style Manhattan condos” by renting units in two waterfront residential buildings in Long Island City.

The “blue-collar” Mets have decided “against glitzy Manhattan digs,” with Jon Niese, Jordany Valdespin, John Buck and Justin Turner among the players renting at the Avalon Riverview buildings, the Post stated. Read More

The Sit-Down

CBRE Tristate President Matt Van Buren on the Megadeal’s Comeback and the Post-Sandy Summer

Matt Van Buren

It will be two years ago this summer that Matt Van Buren succeeded Mitch Rudin as CBRE’s tristate president. The Commercial Observer spoke with Mr. Van Buren about the state of the region—and of the Yankees—as the area prepares to emerge from its long, cold winter of discontent.

Since taking over as CBRE’s tristate president, what has been your biggest accomplishment and biggest setback?

I took over for a tristate region office that was in really good condition following Mitch Rudin’s presidency. The biggest accomplishment has been keeping that momentum going forward. When you’re number one, the goal is to stay number one. And we’ve been able to do that. Staying number one is one of the great unsung stories of the world. That’s why I respect the 2000 Yankees so much. [Laughs]

You run CBRE’s offices in Midtown, Downtown, Long Island, Westchester, New Jersey and Connecticut. Do the fortunes of the different metro area hubs often diverge or does a rising tide lift all boats?

To a certain degree it does. Although the highs are higher and the lows are lower in Manhattan. If you look at rents and availability statistics, Connecticut, Westchester, New Jersey and Long Island vary in a fairly narrow range even from boom to bust.

Frankly, New York will always have lower availability. But the prices will fluctuate high and low if you took a percentage off of a norm. Read More