News: Brokerage

Galo of RTL leases 1,200 s/f to Comfortland

Manhattan, NY RTL represented Comfortland in lease at 92 Rivington St. in the Lower East Side, the 1,200 s/f space will open next month.

“When restaurants like Comfortland are ready to grow, they look for more than just a good zip code — they want a team that intimately understands the neighborhood and what makes a location work,” said Thomas Galo, executive vice president and partner at RTL.

Galo represented Comfortland in negotiating the 10-year lease agreement with the landlord.

“We’ve built something really special in Astoria, and the Lower East Side felt like the right place to grow,” said Donnie D’Alessio, founder and owner at Comfortland. 

This marks Comfortland’s first expansion beyond Astoria, where its flagship location at 40-09 30th Ave. has become a local favorite. The move comes as restaurant leasing continues to surge across New York City, as data shows that between 2021 and the end of 2024, food and beverage deals have outpaced every other retail category in the borough.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,