JAACRES IN THE PRESS

FOR PRESS ENQUIRIES, PLEASE CONTACT JOSEPH AQUINO at: +1 (917)597 9880, or ja@jaacres.com

JAACRES IN THE PRESS

JAACRES: Hotels, Casinos and Retail webinar – July 9

Published in: NYREJ

Published: Jul 7, 2020

JAACRES and Friends present, “The Changing Landscape of Hotels, Casinos adn Retail. What the Future HOlds.

Five commercial real estate experts share their vision for reclaiming the retail and hospitality landscape as New York City reopens for business

DATE: Thursday July 9, 2020
TIME: 2:00PM (EST)

Moderated by Linda Alexander of Alexander Marketing.

Speakers:

Joseph Aquino, and the team at JAACRES
Bernard Paternina, Vice President and Portfolio Manager of equity and fixed income portfolios at Silvercrest Group
Alan Cohen, Founder and Managing Principal of The Cohen Organization
CLICK HERE to register for this free virtual event.

As Hamptons Retail Heats Up, How Jimmy Choo, American Eagle + More Plan to Lure Shoppers in the Coronavirus Era

Published in: FOOTWEARNEWS

Published: Jul 2, 2020

Many well-heeled New Yorkers have been residing in the Hamptons for months during the coronavirus pandemic — and the July 4 holiday weekend is sure to bring in another influx of visitors.

With renewed concerns about store safety amid a spike in cases in many areas of the country, it won’t be a typical summer in this enclave on eastern Long Island. Still, a number of big retailers, including Jimmy Choo, Paul Stuart and American Eagle, are debuting spaces with special add-on services to lure shoppers in the coronavirus era.

“There’s an opportunity. People are shopping now because they are tired of being cooped up,” said Joseph Aquino, president of JAACRES, a commercial real estate firm, who works with local retailers such as Charleston Shoe Co.

Shanghai-based broker gives an overview of Asia’s retail market

– by Joseph Aquino

Published in: NYREJ

Published: May 19, 2020

I’m a member of The Secret Broker Society, (SBS) which I founded in 2011 to help star brokers learn from each other, make more deals, and grow their businesses. The SBS Group consists of an all-star brokerage team that covers the globe: from Hong Kong and Shanghai in China; to Cape Town, South Africa; to London, Paris, Barcelona, Rome, and Dublin. We service all the major cities in the United States and Mexico, plus Montreal and Toronto.

Our team teleconferences happen twice a month, with each broker giving a detailed description of conditions in their markets, and current events.

Recently, some of the most surprising news is coming from Asia, and here’s how one of our brokers sees it. James Rogers, MRICS, is founder and CEO of Catesby, a Shanghai-based real estate services firm. A version of this article previously appeared on Luxury Briefing:

Kebab Chain to Make US Debut at American Dream

Global Fast-Casual Restaurant Is in Expansion Mode During Coronavirus Pandemic

Published in: CoStar

Published: May 8, 2020

A global restaurant chain that serves kebab sandwiches plans to open its first U.S. location this year at American Dream,the mega entertainment-and-shopping complex in New Jersey, and then expand to 350 eateries across the country.

German Doner Kebab, a fast-casual dining chain based in Scotland, has a franchise that will be leasing 2,400 square feet at American Dream in East Rutherford, according to Joseph Aquino, president of JAACRES, a New York City-based real estate firm that is consulting for the restaurant company. That location will be German Doner Kebab’s U.S. flagship, Aquino told CoStar News.

Aquino is also scouting for locations for the chain in other malls, shopping centers and central business districts for its U.S. expansion, which is scheduled to take place during the next seven years. Franchisees so far have been lined up for Texas and Las Vegas, he said.

JAACRES assists German Doner Kebab in US expansion

German Doner Kebab specializes in doner kebab, which is a slow-cooked meat often served on a flatbread.

Published in: NYREJ

Published: May 5, 2020

East Rutherford, NJ. German Doner Kebab (GDK), a fast-casual dining chain plans to open 350 locations in the U.S. in the next seven years. Its first franchise will open at the American Dream mall.

Joseph Aquino, president of JAACRES, a Manhattan based real estate commercial services firm, consults for GDK. He has assisted the company with their first U.S. location at American Dream, and is currently scouting for suitable locations in other malls, shopping centers, and central business districts. Aquino notes that GDK’s products feature top-quality beef and chicken, and the produce is delivered daily by local suppliers.

German Kebab Chain to Open First U.S. Restaurant at American Dream, Franchise 350 More Over Seven Years

German Doner Kebab specializes in doner kebab, which is a slow-cooked meat often served on a flatbread.

Published in: RE Business Online

Published: May 4, 2020

EAST RUTHERFORD, N.J. — Fast casual dining chain German Doner Kebab (GDK) plans to open its first U.S. restaurant at American Dream, a 3.7 million-square-foot retail and entertainment destination in East Rutherford, New Jersey.

Joseph Aquino Commercial Real Estate Services LLC represented GDK in the lease negotiations. Canadian shopping mall developer Triple Five Group owns American Dream.

German Doner Kebab Plans to Open 350 Restaurants in US, with First Location Slated for American Dream Mall (2)

German Doner Kebab specializes in doner kebab, which is a slow-cooked meat often served on a flatbread.

Published in: Shopping Center Business

Published: April 29, 2020

East Rutherford, N.J. — German Doner Kebab (GDK), a fast-casual restaurant chain, plans to open 350 restaurants in the United States over the next seven years. The first location will be within American Dream in East Rutherford.

New York City-based JAACRES is representing GDK in finding American locations. Joseph Aquino of JAACRES said the company is seeking locations in malls, strip centers and central business districts.

NYREJ: Zaken, Cregan, O’Hara, Balsamo, and Jeudy join JAACRES; firm secures exclusive listings

– by Joseph Aquino

Published in: NYREJ

Published: April 7, 2020

New York, NY Under the leadership of Joseph Aquino, JAACRES has expanded its team of real estate professionals and become a leader in the commercial real estate industry. Joining the firm are David Zaken, Barry Cregan, Owen Crowley O’Hara, Olivia Aquino Balsamo, and Vicky Jeudy.

NYREJ: 59th St. is New York City’s new High St. for fashion

– by Joseph Aquino

Published in: NYREJ

Published: February 18, 2020

Retail condos now occupy the stretch of 59th St. that has Central Park views. Anchoring this stretch of real estate is the incomparable Plaza Hotel—where Eloise is probably saying, “Here’s what I like: Shopping!”

REAL ESTATE WEEKLY – Old could be new again as city grapples with its growing population

-by Joseph Aquino

Published in: Real Estate Weekly

Published: January 29, 2020

Long Island City will soon boast the largest condominium in Queens (Skyline Tower), a few blocks from the E and 7’s Courtyard Square station.

It seems to me Queens clearly requires more transit options. A proposed project would reactivate the Lower Montauk Branch of the LIRR for NYC Transit Fares, with local stops from Jamaica to Long island City.

NYREJ: 2019 Year in Review: Joseph Aquino, JAACRES

2019 Year in Review: Joseph Aquino, JAACRES

Published in: NYREJ

Published: December 31, 2019

2020 will see far more deals. Property owners will finally stop saying, “I coulda got this rent (and they name a figure) three years ago.” This year, If the property owner sees a warm suitable retailer, rest assured they are doing the deal.

The luxury market will continue to shrink in location count and even in inventory, too. If you have the money, ha, ha, to purchase your hearts desire garment, rest assured you must go out early in the season if you want to find your size and color.

ABC News – Champagne and shoes: Luxury Stores adapt to changing shopper

Champagne and Shoes: Luxury Stores Adapt to Changing Shopper

Published in: ABC News

Published: December 23, 2019

Joseph Aquino, president of real estate services firm JAACRES, sees luxury’s future with fewer stores that focus on “less product” and “higher prices.”

NYREJ: New York’s changing department store landscape – by Joseph Aquino

New York’s Changing Department Store Landscape – by Joseph Aquino

Published in: NYREJ

Published: December 17, 2019

Department stores come and go. When one goes out of business, it’s nothing unusual. But consider how many have gone out of business in New York City in just the past generation: Gimbels, B. Altman, Mays, E. J. Korvette, Alexanders, Abraham & Straus, Gallerie Lafayette, Wanamaker, Sears & Roebuck, Lord & Taylor, Bonwit Teller, and now Barneys New York—and those are just the ones I remember.

Aquino of JAACRES honored by Belfast International Homecoming with “Ambassador of Belfast” medal

Joseph A. Aquino has been honored by The Belfast International Homecoming and awarded “The Ambassador of Belfast” medal at a ceremony at Belfast City Hall

Published in:NYREJ

Published: November 5, 2019

According to JAACRES, The Belfast International Homecoming has awarded Joseph Aquino “The Ambassador of Belfast” medal. Aquino was honored for his role as an international business leader at a ceremony at Belfast City Hall.

Aquino has offices in New York, Belfast, and London, and is involved in the redevelopment of Belfast’s Downtown City Hall District, which offers a variety of development opportunities.

Joseph A. Aquino has been honored by The Belfast International Homecoming and awarded “The Ambassador of Belfast” medal at a ceremony at Belfast City Hall

Joseph A. Aquino has been honored by The Belfast International Homecoming and awarded “The Ambassador of Belfast” medal at a ceremony at Belfast City Hall

Published in:The Belfast International Homecoming

Published: October 24, 2019

The Belfast International Homecoming has awarded Joseph A. Aquino “The Ambassador of Belfast” medal at a ceremony at Belfast City Hall, for his distinct role as International Business Leader.

Mr. Aquino has offices in New York City (where he resides), Belfast, and London. He is involved in the redevelopment of Belfast’s Downtown City Hall District, which offers an exceptional variety of development opportunities.

Aquino of JAACRES honored by Belfast International Homecoming with “Ambassador of Belfast” medal

Joseph A. Aquino has been honored by The Belfast International Homecoming and awarded “The Ambassador of Belfast” medal at a ceremony at Belfast City Hall

Published in:NYREJ

Published: November 5, 2019

According to JAACRES, The Belfast International Homecoming has awarded Joseph Aquino “The Ambassador of Belfast” medal. Aquino was honored for his role as an international business leader at a ceremony at Belfast City Hall.

Aquino has offices in New York, Belfast, and London, and is involved in the redevelopment of Belfast’s Downtown City Hall District, which offers a variety of development opportunities.

Barneys may close all of its stores: Fox 5 New York

Barneys may close all of its stores

Published in:Fox 5 New York

Published: October 17, 2019

The company’s crown jewel, its Madison Avenue location, opened in 1993, two years before Amazon initiated operations as an online bookstore. Joseph Aquino, who runs a real estate services firm under his name in Manhattan, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

“She was 45 and now she is 65… She isn’t shopping like she was 45,” Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

2019 Ones to Watch: Joseph Aquino, JAACRES: NYREJ

2019 Ones to Watch: Joseph Aquino, JAACRES

Published in: NYREJ

Published: October 5, 2019

What do you consider to be your greatest success in the past 12 months?

First, my company did four Charleston Shoe Co. deals within six weeks: on Newbury St., Boston; Jobs Lane, Southampton, N.Y.; one in the Soho neighborhood of Manhattan and the other by the Plaza Hotel on 57th St. and Sixth Ave. Then, we did two deals for Sherle Wagner International. We sold their building in the Design District in Los Angeles and we leased them a full floor at 699 Madison Ave. on the same block as Hermès, and in the same building as Jimmy Choo. Finally, we leased Enrico Mandelli—a 50-year-old Milan-based luxury men’s clothing line—a showroom at 576 Fifth Ave. in Manhattan, and we closed a pop-up deal.

New Yorkers are in for a treat:
American Dream – by Joseph Aquino

New Yorkers are in for a treat:
American Dream – by Joseph Aquino

Published in: NYREJ

Published: October 1, 2019

Just six minutes from the Lincoln Tunnel, at the New Jersey Meadowlands in East Rutherford, N.J., the $5 billion American Dream stands ready to open on October 25th – the third-largest retail/entertainment/lifestyle complex in North America. Certainly it will be the most spectacular destination of its kind on this continent; probably in the world.

RETAIL and amenities lure homebuyers from the city: WSJ

Retail and amenities lure homebuyers from the city

Published in: WSJ

Published: September 17, 2019

“The SoNo Collection, a mall that’s opening in Norwalk in October,will add the region’s first major boutique national stores and other new players,” says Joseph
A. Aquino, Manhattan-based president of JAACRES, which specializes in commercial leasing. “Greenwich is probably the town best-known in Fairfield County for shopping and fine dining.”

Little Italy: It’s time for New Yorkers to re-visit this fascinating neighborhood: NYREJ

Little Italy: It’s time for New Yorkers to re-visit this fascinating neighborhood – by Joseph Aquino

Published in: NYREJ

Published: September 17, 2019

This summer, I had the pleasure of spending my entire afternoon on Mulberry St.—in the heart of Little Italy—and I saw more pedestrian traffic than West Broadway in SoHo and almost as much as Times Square.

Our firm is thriving by staying ahead of the curve – by Joseph Aquino: NYREJ

Our firm is thriving by staying ahead of the curve – by Joseph Aquino

Published in: NYREJ

Published: September 3, 2019

National and global economies seem to be slowing down, and we might be heading into a recession. I’m not worried, though, about my company, JAACRES. We have accomplished a lot this year, and we are going to shine even brighter if the market turns down.

New YORKERS ARE IN FOR A Treat: REAL ESTATE WEEKLY

New Yorkers are in for a treat

Published in: Real Estate Weekly

Published: August, 28, 2019

Just six minutes from the Lincoln Tunnel, at the New Jersey Meadowlands in East Rutherford, N.J., the $5 billion American Dream stands ready to open on October 25: the third-largest retail/entertainment/lifestyle complex in North America. Certainly it will be the most spectacular destination of its kind on this continent; probably in the world.

Once a Retail Shrine, Flagship Stores Lose Their Shine

Published in: Daily Chronicle

Published: August, 13, 2019

“Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

More flagship Stores Closing: Voice of america

More Flagship Stores Closing

Published in: Voice of America

Published: August, 9, 2019

The latest victim to the changes could be Barneys New York. It opened its 10-story Madison Avenue store in 1993. Barneys became a cultural icon in luxury shopping but now risks closure.

Joseph Aquino runs a real estate services firm. “We are in the phase where a lot of younger shoppers don’t want to go to the high street. They sit around and buy online and that’s what we are fighting against,” he said.

Why Fashion Flagship Stores Are Closing, or Being Reinvented: Fortune

Why Fashion Flagship Stores Are Closing, or Being Reinvented

Published in: Fortune

Published: August, 8, 2019

Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

The retail apocalypse is shutting down flagship stores: USA Today

The retail apocalypse is shutting down flagship stores

Published in: USA Today

Published: August, 8, 2019

Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

Barneys Seeks Bankruptcy Protection, Closing L.A. Stores Except Beverly Hills Flagship: The Hollywood Reporter

Luxury Store Barneys Files Bankruptcy Protection, Closes Most Stores: NBC News New York

Published in: The Hollywood Reporter

Published: August, 7, 2019

Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

Luxury department store Barneys files for bankruptcy protection and will close 15 of its 22 locations: Daily Mail UK

Luxury department store Barneys files for bankruptcy protection and will close 15 of its 22 locations

Published in: Daily Mail, UK

Published: August, 7, 2019

Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

Barneys Seeks Bankruptcy Protection, Closing L.A. Stores Except Beverly Hills Flagship: The Hollywood Reporter

Luxury Store Barneys Files Bankruptcy Protection, Closes Most Stores: NBC News New York

Published in: The Hollywood Reporter

Published: August, 7, 2019

Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

Barneys seeks bankruptcy protection, closes most stores: ABC NEWS

Barneys seeks bankruptcy protection, closes most stores: ABC News

Published in: ABC News

Published: August, 7, 2019

Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

Barneys seeks bankruptcy protection, closes most stores: NBC NEWS

Barneys seeks bankruptcy protection, closes most stores: NBC News

Published in: NBC News

Published: August, 7, 2019

Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

Barneys seeks bankruptcy protection, closes most stores: FOX TV

Published in: FOX TV

Published: August, 7, 2019

Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

Barneys seeks bankruptcy protection, closes most stores: Miami Herald

Published in: Miami Herald

Published: August, 7, 2019

Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

Barneys seeks bankruptcy protection, closes most stores, including in Seattle

Published in: Seattle Times

Published: August, 7, 2019

Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.”

Large Format Stores Shifting Among Changing Retail Landscape

Published in: Finance & Commerce

Published: August, 1, 2019

“The concept of a flagship store is more than a century old and used to be limited to retailers’ biggest store – one in their first or most prominent location. But in the last 20 years, a flagship store frenzy took hold and retailers such as Gap and H&M looked at them as a must-have shrine to their brands, opening multiple flagships in multiple locations. Not only that, but they were willing to pay exorbitant sums of money to showcase their merchandise in luxury corridors.

Rents have swelled so much, however, that many retailers can no longer justify the high price, especially as more shoppers shift their spending online and physical stores lose foot traffic.

Still, flagship stores aren’t dead. Many retailers like Nike and Levi are embracing new versions that beckon shoppers with less merchandise and more high-tech experiences.”

Large Retailers Shift Priorities: Swank Showcases Become Personalized

Published in: The Journal Gazette

Published: August, 1, 2019

“The concept of a flagship store is more than a century old and used to be limited to retailers’ biggest store – one in their first or most prominent location. But in the last 20 years, a flagship store frenzy took hold and retailers such as Gap and H&M looked at them as a must-have shrine to their brands, opening multiple flagships in multiple locations. Not only that, but they were willing to pay exorbitant sums of money to showcase their merchandise in luxury corridors.

Still, flagship stores aren’t dead. Many retailers like Nike and Levi are embracing new versions that beckon shoppers with less merchandise and more high-tech experiences.”

Once a Shrine to a Retailer’s Brand, ‘Flagships’ Lose Luster

Published in: ABC News

Published: August, 1, 2019

Joseph Aquino, who runs his namesake real estate services firm, says the days of the shop-til-you drop mentality on Madison Avenue popularized by the HBO popular series of the 1990s “Sex in the City” are over.

‘She was 45 and now she is 65… She isn’t shopping like she was 45’ Aquino said. “We are in the phase where a lot of younger shoppers don’t want to go the high street. They sit around and buy online and that’s what we are fighting against.

Tommy Hilfiger, which also closed its other U.S. flagships on the swank Collins Avenue in Miami, will be testing smaller shops with online interaction in the U.S. that could be more like pop-ups.”

Flagship Stores Re-Invented, Retailers Look for Novel Solutions

Published in: Stamford Advocate

Published: August, 1, 2019

“The concept of a flagship store is more than a century old and used to be limited to retailers’ biggest store — one in their first or most prominent location. But in the last 20 years, a flagship store frenzy took hold and retailers from Gap to H&M looked at them as a must-have shrine to their brands, opening multiple flagships in multiple locations. Not only that but they were willing to pay exorbitant sums of money to showcase their merchandise in luxury corridors. Rents have swelled so much, however, that many retailers can no longer justify the high price, especially as more shoppers shift their spending online and physical stores lose foot traffic.”

Say Goodbye to Flagships, and Hello to New Retail

Published in: This is Money UK

Published: August, 1, 2019

“But many analysts believe they haven’t fallen far enough. In fact, commercial rents in 45 out of the 60 cities including New York, Los Angeles and Miami, are higher than in 2009 when the economy was in a recession, according to data from CBRE, a commercial real estate service firm. In the case of Barneys New York’s Madison Avenue store, the landlord there reportedly raised its rent to $30 million from $16 million earlier this year. A Barneys spokeswoman declined to comment. Still, flagship stores aren’t dead. Many retailers like Nike and Levi are embracing new versions that beckon shoppers with less merchandise and more high-tech experiences.

JAACRES: The New York City Commercial Real Estate Market is Evolving, and We Must Evolve With It.

Published in: New York Real Estate Journal

Published: July 30, 2019

“The overall commercial real estate picture in the New York metro area might look daunting to some investors and developers. We’re on a down cycle in 2019, following a recovery that lasted nearly a decade.

Retail has been great for New York for generations—“We’re under-retailed” has been a constant complaint—but today’s brick-and-mortar retailers have to change as the demographics change, and as technology evolves. Spending at non-store retailers, including online vendors such Amazon, rose 1.7% last month, according to the U.S. Department of Commerce..”

JAACRES is Doing Deals in 2019!

Published in: New York Real Estate Journal

Published: July 30, 2019