Sort of Like the Sausage King of Chicago*
Commercial Observer
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Once upon a time, Brian Cohen and partners entered the self-storage space. They improved the marketing, adapted certain technology, and streamlined operations. Lo and behold, Cohen has become one of the largest private self-storage operators in the United States. His tale — which includes trademarking the phrase “Storage King USA” — is herein. Also for today, a major lease by a major brand gives further hope to the Manhattan office market. (*A “Ferris Bueller’s Day Off” reference — ask a Generation X coworker.)
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— Tom Acitelli, Deputy Editor
Meet the 'Storage King' of the USA
If the COVID-19 pandemic made one thing very clear — aside from an increased appreciation for the little things in life — it’s that we all need a bit more space. With more than 330 million Americans hunkered in their homes for months at a time, the average house and apartment turned into a headquarters for virtually every daily activity that used to take place elsewhere. As dens grew into home offices, and family rooms turned into classrooms, clutter became a way of life rather than merely a byword, and perceptions around self-storage changed from being viewed as the industrial sector’s awkward second cousin into one of the hottest sub-asset classes in all of commercial real estate. One man had been waiting 20 years to pounce on the opportunity.
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Ralph Lauren Renews 250K SF at Starrett-Lehigh Building
A paragon of the New York fashion world has bagged a deal in West Chelsea. Ralph Lauren renewed its 250,000-square-foot offices at the Starrett-Lehigh Building at 601 West 26th Street, the New York Post first reported. The 19-story building occupies an entire block between 11th and 12th avenues. Rents in RXR's building range from $60 to $79 per square foot, according to a source with knowledge of the deal. The length of the lease was unclear.
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Revenue Management Leader @ Visions Hotels | Strategic Operations Expert
1 年Congratulations Brian Cohen and #team