News
VOICE OF EXPERIENCE
January 4, 2014
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| When you've been through 10 recessions, you become a cycle pro. Since Kennedy was president, we've seen a recession every five orsix years, says MLBKaye International Realty's Lewis Kaye, whose firm is celebrating its 44th anniversary this year—but none of them are like today's, where one thing continues to feed off of another.Vacancies are more serious in what used used to be just a Downtown problem, and we're not seeing loans. |
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| We snapped Lewis with his wife and business partner Marilyn, when he was honored as “Male Pioneer of the Year†by NY Residentialmagazine in September. Lewis tells us that the market will improve when lending loosens up again, but it's hard to tell when that will happen. Despite the market, Lewis was recently able to arrange three deals: a 1.5k-SF deal for Portrait Bug at 2466 Broadway; a 500-SF deal for Verizon dealership MLC at 2464 Broadway, and Eisen and Schulman's 3.5k-SF lease at 18 East 48th St. |
