JUST in time for March Madness, LLC (NIT), which is managed by the NCAA, has leased a pre-built unit at the Lincoln Building at 60 E. 42nd St.
NIT will move to a 3,139-foot space on the sixth floor from its current home court at 42 Broadway downtown.
Brian Neugeboren of The Hunter Realty Organization brought NIT to the Midtown location while Brian Waterman of Newmark Knight Frank handled the W&H ownership side.
The 55-story tower sits across from Grand Central Terminal as well as the Hyatt Hotel, which is popular with many athletic teams.
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If you need firefighter or police souvenir gear for legitimate purposes, try the Original Firestore, which is moving from 263 Lafayette to 17 Greenwich Ave. near Christopher St.
The 12-year, 1,900-foot lease was negotiated by brokers at Winick Realty Group, with President Cory Zelnik representing the owners and Hal Shapiro paving the way for the tenant.
The store opened in 1991 as a tribute to city firefighters and also offers police products. Over the years, it has donated more than $250,000 to charities and provides a 25 percent discount for those on the job or who worked at ground zero.
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The New York Sports Club has leased 27,406 feet at the Shops at Atlas Park.
The 400,000-foot lifestyle retail center in Queens is actually scheduled to open in just 12 weeks, with NYSC opening this fall, in the same building as Borders and a Chili’s.
John M. Epifronio served in-house for the tenant, while Anne Greenberger represented Shops owner Atco Properties & Management in the negotiations for the long-term lease with several options.
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Kashmir has moved out of 157 E. 64th at the corner of Lex while the venerable William B. May Co. signed a lease to take over the 3,200-square-foot duplex. David Geula of City Road Realty represented both sides of the deal.
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Attorney and “The Apprentice” star George Ross, of the Trump OrgaNization, spoke at the Young Men’s/Women’s Real Estate Association luncheon last week.
Ross misses the time years ago when deals were done on handshakes, but admitted his old law firm once had to pony up $400,000 when a client wouldn’t go along with a pact he’d made.
“Now, it’s like we’re enemies,” Ross said of the other lawyers. “Even when you do a deal, you don’t feel that good about it.”
Ross signed copies of his book, “Trump Strategies for Real Estate: Billionaire Lessons for the Small Investor,” and said he’s turning his class at the NYU Real Estate Institute into a new book about negotiating.
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Overheard at a pool in Palm Beach: “My friend is a real estate investor and is always looking for deals.
“One day, he was on a back road and pulled over. While he’s standing there, a pickup pulls behind his car and a guy gets out and starts offering to buy the timber rights from him, and keeps increasing the offer. My friend takes the guy’s phone number. He looks up who owns the property and buys it, then turns around and sells the timber rights to the guy he’d met on the side of the road, turning an immediate profit.”