ABOUT US

Alex Picken real estate
Alex Picken
Picken Real Estate and Nightlife Brokerage, established in 1988 by owner and business entrepreneur, Alex Picken, is the premiere real estate brokerage company that specializes in the sales and leases of nightclubs, restaurants, bars and lounges in Manhattan, New York City and the Hamptons. Prior to the foundation of the company, Mr. Picken spent several years working his way up the real estate ladder at three different firms. The most prominent agency he was employed with was LBK International, at the time, one of the largest in NYC. While at LBK, Mr. Picken worked in the investment sales department, focusing on building sales and commercial leasing.

Since its conception, Picken Real Estate has successfully brokered more nightclubs in Manhattan, than every other real estate agency combined; Pacha NY, Copacabana, Culture Club, Centro-Fly, Estate, Life, Club NY, Eugene, Duvet and Providence, just to name a few. The company’s mission is to assist its high-end clientele and customers, using pre-established criteria, locate and obtain the ideal space in which to open and fully operate their venue. Picken Real Estate’s excellent track record of successfully executing over 35 nightclub (cabaret) deals, in addition to numerous restaurant and bar transactions throughout New York City, ensures prospective clients and customers that their business endeavors can and will be realized. With a customer base in excess of 5,000 in the New York City area, the professional staff at Picken Real Estate is also capable of assisting business owners, who are ready to sell their establishments to well qualified and experienced buyers, thereby attaining the best price possible. The aforementioned establishments are enlisted with Picken Real Estate and Nightlife Brokerage on an exclusive basis, allowing team members the advantage and ability to directly market the listings to all potential customers, as well as networking within the brokerage community. Picken Real Estate is a recognized member of The Real Estate Board of New York (REBNY), The New York Nightlife Association (NYNA) and The New York State Restaurant Association (NYSRA).

If you are looking to buy or lease New York real estate customized for nightlife, please visit our Exclusive Listings Section. You will find a wide variety of nightclubs, bars, lounges and restaurants for sale or lease.We Look forward to working with you!


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Picken Real Estate

PICKEN REAL ESTATE

  • Serving New York City for over fifteen years.
  • New York State Licensed Real Estate Brokerage Firm and Business Brokers.
  • Specialize in business sales & leasing for nightclubs, restaurants, lounges and bars.

We are Members of:

NYC nightclub broker
NEW YORK STATE RESTAURANT ASSOCIATION
www.nysra.org
NYC restaurant broker
THE NEW YORK NIGHTLIFE ASSOCIATION
www.nyna.org
NYC real estate broker
REAL ESTATE BOARD OF NEW YORK
www.rebny.com

PRESS

Lucky Cheng’s, cabaret to ’cue
New York Post

By LOIS WEISS

Monday, June 18, 2013


A former drag-queen heaven is getting smoked.

Myron Mixon, the star of cable TV’s “BBQ Pitmasters,” is taking over the former Lucky Cheng’s at 24 First Ave. on the Lower East Side.

The restaurant has 9,000 square feet on three levels, and plans are already underway to add special barbecue smokers to provide those authentic Southern tastes and smells.

The building is owned by Lucky’s proprietor, Hayne Suthon, and her family.

Suthon has already reopened Lucky Cheng’s in its new Times Square digs, where she says she has been able to attract “amazing talent” for the outlandish transvestite cabaret show.

Night-life king Alex Picken and colleague Michael Sottile repped Suthon in the Lower East Side deal, in which she is getting a blended rent and key money. “It was very important to me to keep a restaurant tenant, but we didn’t want a bottle-service tenant,” said Suthon in a nod to her neighbors.

Mixon, a good ol’ Georgia-based barbecue chef, cookbook author and star of the Destination America reality show, took part in the Madison Park Big Apple Barbecue event this past June under his sauce and cooking school brand, Jack’s Old South.

Mixon but did not immediately respond to a request for comment about the new city hot spot.

Daily News
New york night club broker

Plan could turn Pastis into takeout

CONFIDENTIAL

Tuesday, November 20, 2012


THE MEATPACKING District may soon be hard to tell from Fifth Avenue. Rebecca Taylor, Diane Von Furstenberg and Intermix are all in the notoriously bar- and restaurant-peppered neighborhood, but expect a Gucci, Louis Vuitton or Chanel to also pop up in 2013 — possibly in the space where beloved French bistro Pastis is housed. Jared Epstein, vice president of Aurora Capital Associates, invested with William Gottlieb Real Estate to acquire the building in late 2011. Gottlieb was the landlord for Pastis before dying in 1999. Epstein tells Confidenti@l’s Marianne Garvey that he will try to work with the neighborhood staple to keep it housed on the ground floor, even though he has fancy plans for the rest of the building. “We’d be happy to have them stay. We’ll try to give them a [rent] break and be gentle,” he says, adding that the building will be “mixed-use redevelopment with high-end luxury retail.” Realtor Alex Picken, who's closed deals for other Keith McNally ventures, could see the 3,000-square-foot space Pastis is likely renting for much less going for $1.2 million a year, but probably not to a restaurateur. “I don’t think many restaurants could survive at $400-per-square foot. It is possible a retailer could do it. I could maybe see the Guccis or Pradas of the world taking a smaller block at $600 — if it’s chopped up.” Aurora also plans to build into the airspace above the building. Neighbors are not angered as much about the impending construction as they are about the fate of Pastis, a neighborhood institution of nearly 13 years that’s seen the likes of Jay-Z, Béyoncé and Victoria Beckham stroll through its doors. What was once home to slaughterhouses has been transformed with the addition of the Standard and Gansevoort hotels, Tory Burch and Christian Louboutin. “The employees at Louboutin want it to stay. It’s one of the last cool places there,” says a regular patron of the store. Pastis current lease goes until January 2013. Owner McNally tells Confidenti@l he would “most definitely” like it to remain in the spot. The Meatpacking District may soon be hard to tell from Fifth Avenue.

WELCOME BACK COTTER

Heeeeere's Tommy.

Daily News
New york night club broker

By GATECRASHER    
8/9/2012


While E. Houston St. has never lacked for bars, the boozy border separating the East Village from the lower East Side is about to get a whole lot more chic.

And according to nightlife insiders, it’s happening fast.

In recent weeks, major nightclub operators associated with the Meatpacking District, SoHo and West Chelsea have been sniffing around the E. Houston corridor from the Bowery to Avenue A, where the weathered and fully licensed lower First Ave. properties Sutra Lounge and Lucky Cheng’s are prized commodities.

According to our sources, those interested in either these spaces (or a handful of unlisted ones in the area) include operators from Pink Elephant, Greenhouse, Hudson Terrace, Acme, 1Oak and Electric Room.

Spearheading the area’s posh-ification is Jamie Mulholland , who opened the now-defunct W. 27th St. club Cain and currently owns SoHo’s Goldbar. His Five Nightclub on the corner of Houston and Essex Sts. is already reportedly in development.

Directly across the street, the owner of velvet-rope lounges Ella and Gallery Bar has taken over sports bar Nice Guy Eddie’s, which closed in June after 16 years of operation.

“The East Village is ripe for the picking right now,” says Ariel Palitz , who’s closing Sutra Lounge after nine years. “There’s an opportunity to change the culture and the makeup of the neighborhood from the underground nightlife experience to a high-end clientele.”

For nearly 20 years, Hayne Suthon operated Sutra’s neighbor, the raunchy bachelorette destination Lucky Cheng’s. She plans to open a new Cheng’s on 52nd St. and Broadway next month, by which time her First Ave. locale, with its three fully licensed bars, will likely have sold.

Suthon saw the boom coming, but says interest from club big shots expedited her area’s seismic shift by at least a year.

Nightlife real estate specialist Alex Picken won’t confirm who’s looking at Lucky Cheng’s or Sutra, both of which he represents, but confirms the fish in this area’s pond are getting bigger.

“It’s a good location for nightlife, because the residents for the most part are a younger age group,” he says. Picken also notes that a neighborhood used to loud bars won’t be impacted by a switch to lounges and clubs.

Picken credits the recent gentrification of the Bowery for knocking down the high-end clubs’ wall between east and west Manhattan. For example, EMM Group, whose principals include Mark Birnbaum , which operates Meatpacking District hotspots SL, Catch and Tenjune, could debut their new spot on the Bowery just below Houston St. sometime this fall. If it’s not there in time for fall’s Fashion Week, it’ll still be in fashion for the area.

While owners John Juliano, his grandson Kyle and brother Anthony are targeting the July 4 weekend for an opening bash, the 25,000-square-foot club could open sooner with a benefit hosted by Willie Colon for a Latin American charity.


Juliano said after nearly five years of negotiations, the family bought the lease from the China Club, which closed in September 2010, and got a brand-new lease from the Goldman Estate through Lloyd Goldman for 20 years. It also got a new liquor license.


The last iteration of the world famous Copa at 34th Street and 11th Avenue closed July 1, 2007, after the city condemned the building for work on the extension of the No. 7 train and a subway stop.

Alex Picken of Picken Real Estate, which focuses on the hospitality industry, represented the Copa, while his brother-in-law, Rafe Evans of Walker Malloy repped the China Club in the complex talks.

Copacabana Comback
New York Post

By LOIS WEISS    


The Copacabana is finally close to reopening in its new location in the heart of Times Square; now we can reveal the details of the deal and exact location.


As Post colleague Cindy Adams reported in March, the owners have been quietly transforming the former China Club space at 268 W. 47th St. into a three-story dance and dining mecca.


The club itself will be on the third floor with a spectacular roof space that -- rather than the China Club's old tent -- will now be completely enclosed by a hydraulic roof that can be opened on nice nights.

While owners John Juliano, his grandson Kyle and brother Anthony are targeting the July 4 weekend for an opening bash, the 25,000-square-foot club could open sooner with a benefit hosted by Willie Colon for a Latin American charity.


Juliano said after nearly five years of negotiations, the family bought the lease from the China Club, which closed in September 2010, and got a brand-new lease from the Goldman Estate through Lloyd Goldman for 20 years. It also got a new liquor license.


The last iteration of the world famous Copa at 34th Street and 11th Avenue closed July 1, 2007, after the city condemned the building for work on the extension of the No. 7 train and a subway stop.

Alex Picken of Picken Real Estate, which focuses on the hospitality industry, represented the Copa, while his brother-in-law, Rafe Evans of Walker Malloy repped the China Club in the complex talks.

Ciprianis Brace for Judgment Day

By David Jones
New york night club for sale



The Cipriani restaurant and real estate empire is not exactly a stranger to controversy in New York City, having weathered rival nightclub and restaurant moguls, years of acrimony with organized labor, and even the federal government.


But its latest battle with Capital One Bank over a $4 million judgment is prompting many in the industry to question the future of the Cipriani empire in New York.


Last month, the Ciprianis managed to temporarily stave off a full-on auction of everything from chandeliers to kitchen appliances at their high-profile Manhattan restaurants and event spaces: Harry Cipriani, Cipriani Downtown, Cipriani 42nd Street and Cipriani Dolci. But they’ve been through an especially tough few years with the downturn, with their most highly publicized blow the loss of their lease at the famed Rainbow Room.


Now, another even more serious judgment day is looming.


Lawyers for the Ciprianis are due back in court on Oct. 19 in the ongoing settlement talks with Capital One, and even if they succeed in quashing the auction altogether, the attorneys are still expected to hash out a hard-to-swallow settlement with the lender.


David Schechtman, senior director of the turnaround and distressed asset group at Eastern Consolidated, noted there is still time to resolve the Cipriani case amicably. “Generally when a 363 sale [a sale of assets in a bankruptcy case] is scheduled, you’ve hit the substance of a lawsuit,” said Schechtman. “You’re very far along, but everything can be unscrambled.”

Those familiar with the negotiations insist that Cipriani is indeed well on the way to resolving the dispute without the need for an auction.


Nightclub and real estate broker Alex Picken said part of the appeal of Cipriani’s is its ability to find great locations with fantastic architecture and create a glamorous atmosphere. That sense of style has helped the Cipriani name become one of the most powerful event brands in New York, if not the country. The restaurant empire is still drawing big names, as evidenced last month, when the “Wall Street II” after-party was held at their 42nd Street site, attracting A-list names ranging from Tyra Banks to Susan Sarandon and Warren Buffett.

Upscale dining gives way to street food

By Melissa Dehncke-McGill
New york night club for sale


There is no disputing New York’s status as one of the world’s key culinary capitals. Indeed, news of restaurant openings gets reported on foodie blogs before the ink is even dry on the lease. But the recession has unequivocally altered how often New Yorkers eat out (needless to say, for many, seven nights a week is now out of the question) and where they’re willing to spend their hard-earned cash. White-tablecloth restaurants have, not surprisingly, seen the worst of it, and the new restaurants that are taking advantage of market conditions and opening now have far more moderately priced menus.


In this month’s Q & A, The Real Deal talked to retail brokers, consultants and lenders who specialize in restaurant and nightlife real estate. Not only is the industry struggling to keep up with the changing times as diners document their culinary experiences on Facebook and Tweet about their meals, they are also adjusting to the economic landscape.


Alexander Picken
President, Picken Real Estate & Nightlife Brokerage

How is the market for restaurants and bars in New York right now?
There are certainly many bottom-feeders out there searching for deals with built-out facilities and/or infrastructure and little or no key/fixture fee. But there are plenty of well-funded prospects as well who are willing to close on a reasonable deal. The highest demand seems to be for bar and restaurant spaces 4,000 square feet or smaller.


Which kinds of restaurants and food establishments are taking the most space?
Burger joints, pizzerias and noodle shops are a real popular type of venue [for] our customer base. Some of the finest food operators in the city are modifying their business plans to adjust to the changing times — Danny Meyer with Shake Shack and Simon Oren with 5 Napkins, to name a few.


What about bars? Are they doing better or worse than restaurants? Which areas of Manhattan and Brooklyn are faring best when it comes to attracting new bars right now?
Bars are definitely doing better than restaurants. Their profit margin is much higher. People seem to be going out less, but they are still going out. Williamsburg seems to be maintaining well and there are still many prospective tenants looking to acquire space there. Dumbo also seems to be doing fairly well, especially for clubs and bars. Both of those areas are still in the relatively early stages of development, as opposed to a place like Park Slope. There is also the effect of some of the bigger clubs being driven out of Manhattan. If you want to open a larger club or bar you’re probably going to be more successful in getting through the community boards in the boroughs. Within Manhattan … the Lower East Side, south of Houston along blocks like Ludlow and Orchard streets, is still experiencing strong demand.

Which areas of Manhattan and Brooklyn are struggling most in terms of retaining and attracting new restaurants and bars?
The downturn is everywhere you look, but it’s the Upper West and Upper East sides right now that are the ones suffering most in terms of restaurants and bars. We have more new inventory there. Along the Second Avenue corridor, bars that would typically be packed after work on Thursdays and Fridays and even Saturday evenings are just not doing the same numbers. Also, in the Alphabet City area we’ve seen a little bit more of a struggle.

What’s the most challenging thing about the restaurant and nightlife business in the city right now?
A couple of years ago, many restaurants were crowded on Mondays and Tuesdays. You just don’t see that as much these days. The challenge is how to produce that extra revenue to keep your business running in the black. A major part of that is trying to do something special to entice customers to come on alternative nights.

How do rents compare to three months ago, six months ago and a year ago?
Overall rents have gone down as much as 20 to 25 percent from our peak prior to ’09. Tenants are receiving more concessions on new deals. In some instances, landlords are giving them a free option period to go in front of the community boards to see if they can acquire support for new licensing. Smaller or zero percent increases in annual rent for the first couple of years has become more of a norm. Before, we were seeing increases of 2.5 to 3 percent per year on most leases.


Copa Comeback
New York Post

Richard Johnson

Salsa dancers, rejoice! Clubland announcements had hit a long dry spell until our sharp-eyed spy no ticed an item in Community Board 5's upcoming liquor license hear ings. Seems China Club, which in recent months tried to reinvent itself as Crest Club, has given up, and its huge Midtown space will become Latin-themed Copacabana, which has been closed since 2006 when it lost its for mer space to the city for a real estate development. Our hunch was confirmed by nightlife au thority Alex Picken, who admitted he and his brother-in-law, Rafe Evans, were the wunder-brokers behind the blockbuster deal.

Economy Unappetizing to New York City Restaurants

The Huffington Post
Mario Almonte

 

The hard times faced by area eateries, and the reluctance of restaurant owners to take on new obligations in the current economy, is reflected in the present situation with famed Tavern on the Green. With its lease up at the end of the year, the Department of Parks and Recreation issued an RFP for new bids back in February. Many top contenders who had first expressed interest in the landmark property withdrew their names from consideration as the dining industry went into a tailspin.

 

For current proprietor Jennifer LeRoy, whose family has held the lease since 1974, it's not about the business, it's about family pride. In a recent posting on the Huffington Post, she expressed hope that her bid wins out. "There may be other bidders for the Tavern lease who have experience, expertise and success in the restaurant business, but we believe that no other restaurateur can equal what we have to offer," she writes.

Despite the odds, some restaurants report that business is still good for them. Compass on the Upper West Side says revenues are up 12% since June. The Boat-house in Central Park reports a 22% increase in sales. Aureole says the place has been packed since it reopened June 29 at a new location on West 42nd Street, with 30% more business than it expected.

 

Rigie notes, "New York is an authentic 'foodie' city where people love to dine out, take-out and order in. New restaurants continue to open everyday and the city will continue to be a tourist destination for people around the world. New York City has the right recipe for a quick recovery."

 

Alexander A. Picken, who owns and operates Picken Real Estate, Inc., and Nightlife Brokerage, Inc., in Manhattan, agrees. "In the past month, we've noticed a substantial increase in the number of inquiries regarding new ventures, especially by those national restaurant chains that have branded concepts," he says. "Savvy restaurateurs and organizations nationwide recognize that the New York City market has the best possibility and the best advantages for recovery."

Marketplace

New york night club broker



By Justin Smulison

The curtain will close on the Amato Opera's long run at 319 Bowery as the company's theater has been sold for $3.7 million.

Anthony Amato said that he had purchased the four-story, near-7,500 square foot building, which had formerly been a storage facility for restaurant equipment, in 1961 for around $20,000. He ran the opera house with his wife, Sally, who passed away in 2000. Now 88 years old, Mr. Amato will be semi-retired. However, he said that the company will continue to mount performances around the city and to raise money for scholarships for young artists.
Guy Arad, a partner at Adam Leitman Bailey, P.C., represented Mr. Amato's ownership entity, 319 Bowery, LLC. Andrew W. Albstein and Lisa Nasiak, a partner and associate respectively at Goldberg Weprin & Ustin (which changed its name to Goldberg Weprin Finkel Goldstein LLP after the sale) represented the buyer, 319 Bowery NY, LLC.
According to an article on Curbed.com, the purchasing entity is affiliated with landlord Steve Croman.
Mr. Bailey said Mr. Amato negotiated a leaseback with the buyer for his company through June. Its final performance, of "The Marriage of Figaro," on May 31.
"Mr. Amato believed that if he wasn't involved in the day-to-day plans then the opera wouldn't be as good as it's been for the past 60 years," Mr. Bailey said. "This wasn't just a bar or a place to hear music. This was an institution. Where else can you go to see an opera for $35 and see such quality work?"
Mr. Arad said he is seeing "lots of action" near the Bowery.
"The area is in the process of converting. SoHo is pushing out toward the Bowery. The culture's going through a change," he said.
"Up until eight months ago, every piece of land south of 125th Street was gold," said Mr. Bailey. "I don't know if you can ever put in another opera house at this price playing the old-fashioned famous operas. We're representing the seller but we're unfortunately participating in the cultural demise of New York City."
Mr. Amato said that he had had the opportunity in the past to buy additional property in the area.
"My wife wanted me to, but I was too busy doing opera," he said. "It would have been many more headaches."
James Famularo, who was with New York Commercial Realty at the time of the purchase, served as the broker for the buyer. Picken Real Estate principal Alex Picken served on behalf of the seller.
Mr. Picken said the buyer may be interested in leasing the theater for a "similar art-related use."
"Inquiries are already coming in about the lease of the theater space, from schools to off-Broadway, to live music," Mr. Picken said.

EC English Language Schools will be the newest tenant at 1450 Broadway having signed a 10-year lease for the entire 14th floor. The tenant also has one five-year renewal option for the 14,201 square feet at the 41-story building. Asking rent was $65 per square foot. The company, which is based in the Republic of Malta, offers intensive English classes for adults and children who are looking to move to the United States temporarily for business or education. The office will be its first in New York; other U.S. offices are in San Diego and Boston. Peter F. Granoff, a partner in Riemer & Braunstein's Boston office represented the tenant. The Moinian Group, the landlord, was represented by general counsel and executive vice president Harry Dreizen. John Monaco was the in-house broker. Jones Lang LaSalle managing director John Ryan and senior vice president Edward DiTolla served as the brokers for the tenant. "The company was looking for a central location in Manhattan and 1450 Broadway was ideal for its needs," Mr. Ryan said. "For an international firm to take space in New York during a period of economic turmoil demonstrates the continued importance of the city to the global market." Mr. Ryan said the Moinian Group is building the space from scratch and that EC English should be open for its first class by mid-May. "The landlord is constructing the space to provide a turnkey for EC English. We're starting to see in this market - the landlord taking on the obligation of construction," he said. "This was a bit of an incentive to see they were willing to turnkey the installation."

Located between 40th and 41st streets, 1450 Broadway contains 382,269 square feet. Other tenants include Ballon, Stoll, Bader & Nader P.C., Disney and Joe Boxer Licensing.

http://www.law.com/jsp/nylj/PubArticleFriendlyNY.jsp?hubtype=&id=1202427788547

Nightclub Stalwart Alex Picken Retires From Bachelorhood, 'Not The Industry'

New york night club broker



Veteran nightclub broker Alex Picken, founder of Picken Real Estate and Nightlife Brokerage, married his company’s creative director, Pornthip "Jije" Sooksai, in a ceremony in Manhattan on Sunday.
Toasting his new bride later that night, Mr. Picken, jokingly stuttered over the words "my lovely wife" — a term he said "most of you thought you’d never hear me say."
The newlyweds were introduced to friends and family to the tune of the Rihanna hit "Umbrella" during a boozy reception at Providence, a lavish, three-level, 13,500-square-foot nightspot at 311 West 57th Street, for which Mr. Picken served as site selector, negotiator and broker.
The happy occasion may have marked the notorious night owl’s official retirement from bachelorhood — but "not the industry," he insisted.

 

SCORES GOES ON THE BLOCK

New york night club broker



Legendary mammary mecca Scores West has been entertaining offers since it became apparent earlier this month that its liquor license would be pulled.

Alex Picken, a restaurant and nightclub real estate broker, told us he's been showing the space. "I have arranged for inspections of the property for different investor groups that are focused on the real estate," said Picken. No competing clubs need apply as the owners are not eager to sell to another adult venue. On the other hand, Scores' cabaret license adds value to the deal as no other rival can open within 500 feet of the current club. If they don't use it themselves or want to tear down the building, the next owners could "sell" the early termination of the license so it can be used nearby in a better-suited structure. Scores' 200 foot-by-50 foot building at 536 W. 28th St. goes through the block to West 27th Street and its special zoning district allows for it to be developed to more than 50,000 feet. That's because it could tap into the High Line bonus whereby more air rights can be transferred from elsewhere in the district. Through a spokesperson, Scores owner Richie Goldring advised, "While it's not actively being marketed, everything is available at the right price."



http://www.nypost.com/seven/04302008/business/scores_goes_on_the_block_108833.htm

 

Mr. Nightclub Smells the Coffee

New york night club broker

By Chris Shott

In a real estate industry that seems to thrive on rise-and-shine breakfast meetings, Alex Picken has long marched to the beat of a different drummer. Or, at least, a drum machine.

“Yeah, I don’t do mornings, actually,” said Mr. Picken, laughing, in a husky, smoker’s tone of voice, as techno beats thumped in the background.

That’s because, for the past 20 years, he has specialized in sales and leasing of New York City nightspots.


Around the time that most brokers were getting up for their usual early-bird powwows, Mr. Picken was just calling it a night.


“I shouldn’t say that, altogether,” the veteran venue broker reconsidered, as he wheeled around Manhattan in his black BMW X5 last Friday evening, The Observer riding shotgun. “We’re part of the Real Estate Board of New York. We network.”


Perhaps no one has pounded the velvet-rope-lined pavement as much, in fact, as Mr. Picken, whose company, Picken Real Estate and Nightlife Brokerage, claims to have “successfully brokered more nightclubs in Manhattan than every other real estate agency combined.”


Yet, these days, even the real estate industry’s venerable night owl isn’t getting out as much as he used to.


“I’m starting to feel the effect of the late hours,” said Mr. Picken, who turns 49 next week—but “looking 35,” he added, laughing.


“I do get out usually once or twice a week,” he said. “Some of the guys that are working for me are really great now. They’re out there talking to the owners and managers. So I can catch up with a late lunch meeting.”


Cutting back on club-hopping is just Stage One of a drastic lifestyle change ahead for Mr. Picken, a former investment broker who moonlighted as a DJ during his 20s before ultimately blending his two areas of expertise into his own niche brokerage.


He dreams of expanding the company nationally. But, first, he has more pressing plans.


“I’m getting married,” Mr. Picken said proudly of his upcoming nuptials to fiancee Pornthip Sooksai, his company’s creative director. “Someday I hope to have a kid,” he added.


Ms. Sooksai, who goes by Jije, is one of a bevy of attractive young women who, judging by the photos on Mr. Picken’s Web site, seem to make up a great deal of his staff. (“The average bar or club owner enjoys being taken out to see properties by attractive people,” he explained.)


Their impending marriage is a source of some ribbing from his contemporaries in the industry.


“I know his wife set his bedtime at 9:30,” joked James Famularo, executive vice president and director of commercial sales at New York Commercial Realty Services, himself a hospitality-industry specialist, who considers Mr. Picken “a pioneer” in the field. “So, all the meetings are going to be held before then.”


Mr. Famularo insisted, however, that Mr. Picken is far from over the hill: “He’s got a memory like an elephant. If he doesn’t know the operator, he knows the landlord, in any area of the city.”

 


MR. PICKEN’S DECISION to finally settle down comes at a time when many of his longtime clients are retiring from the nightlife scene, altogether. Albeit not always by choice.


The sprawling mega-clubs that became his bread and butter, especially, are rapidly dwindling.


“Only a year ago, we had well over a dozen supersized clubs—and when I say ‘supersized,’ I’m talking, like, over 10,000 square feet,” said Mr. Picken, whose first big deal was the now-defunct Tunnel, notorious nightclub impresario Peter Gatien’s sprawling 40,000-square-foot dance club in Chelsea.


There’s the famous Copacabana, for instance, immortalized in the 1978 Barry Manilow tune, yet shuttered last summer just five years into a 27-year lease, which Mr. Picken had helped negotiate. The sprawling, roughly 50,000-square-foot venue at 34th Street and 11th Avenue got swallowed up in the city’s planned expansion of the No. 7 subway line.


“I don’t know when we’re going to ever see the demolition on it,” Mr. Picken said. “The building is still just sitting there.”


Then there’s the Avalon, formerly known as Limelight, a roughly 12,000-square-foot party palace in a former church at Sixth Avenue and West 20th Street, which landlord Ben Ashkenazy has threatened to covert into a shopping mall. Or worse: condos.


“Part of the puzzle that I don’t understand is, it’s landmarked on the exterior,” Mr. Picken said. “So you’ve got to keep the stained glass. How does someone buy an apartment and not have windows that you can look out?”

And then there’s Club Deep, a cavernous, two-story 20,000-square-foot venue in the Flatiron district, with separate entrances on West 21st and West 22nd streets.


“That’s a story in itself,” said Mr. Picken, whose clients, the club’s owners, dramatically slashed their asking price from $3.5 million to $750,000 last November, amid much turmoil with neighborhood block associations, the local community board and the State Liquor Authority.


Litigation over the club’s liquor license went all the way to a state appellate court. The allegedly rowdy club ultimately lost its license and eventually got evicted; its landlord is now attempting to bring in some sort of dry retailer.


“There was so much value there,” said Mr. Picken, who noted the monthly rent was just $40,000. “Which is nothing,” he added, for a space of that large size. “But everybody felt that the community board was just going to object to any kind of liquor license there.”


Even though approaching middle age himself, Mr. Picken has little sympathy for the noise-rattled neighborhood groups that are increasingly thwarting his clients’ attempts to get and retain their liquor licenses citywide.


“Even in Nolita, which is really hot now, their community board is just kind of nuts,” he said. “It’s very difficult to get a license.


“I understand that there are certain people that have low-level apartments that hear noise at night and that’s not fun, but, you know, the noise you get from the garbage trucks is probably worse,” he later added. “I just encourage them to get double-paned windows.”


That’s not to say that deals can’t be made. Mr. Picken pointed to a rather lucrative leasing deal at Terminal 5, a 40,000-square-foot concert hall that opened in the old Club Exit space on West 56th Street last summer. “The rent is over $1 million a year, and it’s a 25-year lease,” he said.


Mr. Picken also recently followed the lead of former Studio 54 co-owner Ian Schrager and got involved in the hotel business, helping to negotiate the January sale of the old Riverview Hotel on Jane Street to local hospitality honchos Sean MacPherson and Eric Goode. Other hotel deals are in the works, he said.


Yet, given the increasing hostility toward liquor sellers in many parts of town, Mr. Picken is advising future club operators to seek out less traditionally nightlife-dense, largely commercial frontiers, including midtown and … the Financial District?


“I know it sounds weird and people are going to be reluctant. That’s like another world down there!” he said.


“I could see more stuff going on in Brooklyn, too, with the warehouses over there,” he added. “We’ve had more action over there, lately. But everybody knows Manhattan to be the hub of it all. This is the biggest, best city in the world, and for it to lose its nightlife component, it’s going to hurt us. There’s no doubt at all.”

 


Daily News

New york night club broker



THE CLOSER- *The price for Club Deep, one of the last giant New York City nightclubs, just dropped. Having had their liquor license yanked by the State Liquor Authority, Club Deep owners reduced their asking price from $3.5 million to $750,000. Legal issues over closing hours and drunk clubgoers out front after 5 a.m. caused constant strife between the club and the local community. Located on 22nd St. between Fifth and Sixth Aves., Club Deep has two floors of 10,000 square feet each, 18-foot ceilings and another entrance on 21st St. Alex Picken, who owns New York-based Picken Real Estate and Nightlife Brokerage, one of the biggest club and restaurant brokerages in the country, has the exclusive. "A big restaurant or banquet space decked out in white like the Delano Hotel in Miami would do wonders here," says Picken. "It is sad, though, to see another big club go away." If interested, call (212) 979-2800.

http://www.nydailynews.com/services/realestate/2007/11/29/2007-11-29_the_closer.html?page=1

 

E. VILLAGE CLUB FACES CURTAIN

New york night club broker

By Paula Froelich

DOWNTOWN hipsters better sit down for this one - the days are numbered for Mo Pitkin's House of Satisfaction.

The multilevel East Village eatery, bar and performance space that looks like a New Orleans bordello and hosts celebrities like Deborah Harry, Janeane Garofalo, Al Franken, Paul Shaffer, Moby and Mario Batali has fallen on hard times and is up for sale, sources tell Page Six.

The Avenue A building is owned and occupied by the Hartman family - artists and entrepreneurs best known for their chain of funky Two Boots pizzerias in Manhattan and Brooklyn. But while the pizzerias are thriving, business apparently hasn't been all that great at Mo's.

So, 2¸ years after the family did a gut renovation on the space, they've tapped Walker & Malloy uber-brokers Alex Picken and Rafe Evans to sell the building and its contents. The price is $5.5 million.

Picken and Evans, who confirmed the sale offering to us, say the property can be delivered vacant. A duplex penthouse apartment and a coveted liquor license are included.

"It's got a full restaurant and bar and another bar upstairs, plus an office and living space. And it's in an area where the State Liquor Authority has declared a moratorium on new liquor licenses, so it's a very valuable property," Picken told Page Six.

"The renovation on Mo's a few years ago was in excess of $1 million," the broker said. "It's one of the most pristine buildings in the area and maintains the old-style look of the area on the outside. We already have a couple of people who are interested. I would think this sale could be wrapped up by the end of the year."

The Hartmans named the club after an eccentric family relative who claimed to have tried to assassinate Adolf Hitler during the height of World War II - a story that has never been verified.

Phil Hartman, the mastermind behind Mo Pitkin's, will continue to run his Two Boots pizza empire, as well as the Pioneer Cinema around the corner from Mo's - which remains open while the family searches for a buyer.

http://www.nypost.com/seven/09052007/gossip/pagesix/pagesix.htm

STRIP SEARTH! DID COPS FLOCK TO SCORES WEST?

New york night club broker By Chris Shott

Club brass claim the joint has been jumpin' with partying policemen, while owner Richard Goldring mulls a sale

.... Meanwhile, rumors are circulating that Mr. Goldring and his associates might be looking to unload the sprawling 10,000-square-foot stripper-plex on West 28th Street, which las sold for $10 million in 2004 and now could go for four times that sum.

"At the right price, it's available," said Manhattan nightclub broker Alex Picken of Picken Real Estate, who's been marketing several other nightclub properties in a rapidly changing West Chelsea....

Big music venue coming to W. 56th

New york night club for sale

By Lauren Elkies

One of the city's largest live music venues to open in a decade is coming to the Midtown West space that housed Club Exit.

The Bowery Presents, a New York-based promotion company, signed a 25-year lease for 40,000 square feet at 610 West 56th Street, between 11th and 12th avenues, and will open as Terminal 5 in early October. The initial line-up at the multilevel venue, which accommodates 3,000 people, includes the Shins with Vetiver and the Decemberists.

The space near 11th Avenue sat vacant for a year following Club Exit's closure a year ago and a failed deal with the Copacabana nightclub about nine months ago, after that club was bumped out of its West 34th Street venue.

"It's not the kind of space for everybody. It's all the way west by the Department of Sanitation," said Alex Picken, president of Picken Real Estate and Nightlife Brokerage, who represented the landlord.

Bowery Presents, which manages and operates live music venues, including the Mercury Lounge on East Houston Street and the Bowery Ballroom on Delancey Street, will also open the Music Hall of Williamsburg. Patti Smith and her band will play at its Sept. 4 grand opening.

The Bowery Presents signed the lease for 610 West 56th Street about six months ago at less than $40 a foot, but only obtained a liquor license a few days ago, Picken said.

The New York State Liquor Authority's moratorium on granting new liquor licenses at the end of last year lengthened the search for a tenant, he said.

Unlike the series of club tenants, including Black, before it, Terminal 5 "will be a success because it's live music," Picken said, and will cater to a wide range of age groups. Each of the three floors will feature a bar.

"Opening Terminal 5 allows us to continue providing better venues for bands and the best live experience for fans," said Michael Swier, a Bowery Presents partner.

The new space will rival long-time venues like the Hammerstein Ballroom on West 34th Street and the Beacon Theatre in the West 70s.

Picken negotiated two other deals for smaller Manhattan clubs in the last year -- Highline Ballroom on West 16th Street and Rebel on West 30th Street, which are each about 10,000 square feet.

CHELSEA BLOCK IN REHAB

New york night club broker

By Lois Weiss

ROWDY CLUBLAND AREA WILL SEE EXTENSIVE REDEVELOPMENT

THE Chelsea block that's been held hostage by the raucous club-hopping of bridge-and-tunnel crowds may be on the verge of getting some relief. Several development sites on West 27th Street between Tenth and Eleventh avenues are under negotiation, are in contract or have been sold to developers that intend to put residences above the fray.

Additionally, sources said several clubs are either fending off entreaties or negotiating to be bought out of their leases.

While the north side of the block can be a receiver of air rights, the south side remains zoned for manufacturing. Even so, lots are falling like dominoes to those who want to redevelop decrepit buildings into galleries, stores and offices.

Artist-turned-developer Peter Moore has already started construction at 520 W. 27th St. on a new, 100,000-foot building that Schechtman said will be lofts for artists.

Department of Buildings records show approvals for an 11-story building with parking for a dozen cars, ground-floor retail and offices above. A call to Moore was not returned by presstime.

The former home of Spirit, located at 530 W. 27th St., was controlled by former club dishwasher Robbie Wooten and Dominic Kelly, a Dublin-based accountant who also owns 534-536 W. 27th St.

The building at 530 W. 27th St. is in contract to be sold, confirmed Alex Picken of Picken Real Estate & Nightlife Brokerage, who declined to provide other details. E-mails to Kelly were not returned by presstime.

We also hear that the owners of Scores West at 533-535 W. 27th St. are in talks with anyone from anywhere willing to pony up $40 million for their 10,000-foot lease which runs through 2021 and includes its coveted adult license.

"There is no specific offer," an executive with Scores told us. "We get approached by people all the time."

HOTTEST SPOT NORTH OF MANHATTAN

New york night club broker

By Lois Weiss

The Copacabana could be moving to Da Bronx.

The famed nightspot at 34th Street and Eleventh Avenue shut its doors last Saturday night, leaving the fate of the club, made famous by Barry Manilow's popular song of the same name, up in the air.

"We've been actively showing him spaces in the Bronx and there is a good chance the Copa may be leaving the city," said the club's broker, Alex Picken of Picken Real Estate & Nightlife Brokerage.

The MTA late last year condemned the club, which was cater-cornered from the Javits Center, to make way for a new No. 7 line station. Since then, owner John Juliano has been actively seeking a new locale, but has been stymied by climbing rents and neighborhood resistance.

"No one wants a nightclub in their backyards," he bemoaned. "The city that never sleeps wants to sleep."

Juliano has acknowledged that he probably can't replicate the 50,000 square feet that his 34th Street venue had, and said he would now be happy with 20,000 to 25,000 square feet. "Half would be fine," Juliano said.

In the meantime, he'll be running some events at his Columbus 72, a smaller club that holds 800 partygoers.

There is also the possibility of a bifurcation of operations, something that many office tenants are also now considering in the face of climbing rents. That would involve keeping a private catering operation in Manhattan and a public party club in an outer borough - possibly the Bronx.

Daily News

New york night club broker



THE CLOSER- New York nightlife must be good. Alex Picken's Picken Real Estate and Nightlife Brokerage, which specializes in the sale and lease of nightclubs, restaurants, bars and lounges, just opened up another office. Party on, folks.

BIG APPLE BYTES

New york night club broker

By Alex Picken

Plenty of evidence is showing that 2007 will be a special year, including the opening of several new mid-size and huge live music venues (many thought were gone forever); the open air trend, which has beenĘfueling city dweller demand for dining and dancing in lush rooftop settings with extraordinary views; innovative ideas; sexy unique promotions; offbeat neighborhoods as prime targets for glamorous makeovers; and much more.

The Road Less Taken Investigating off-the-beaten-track neighborhoods - that can get hot in the blink of an eye by initial gentrification taking place through nightlife establishments moving in first - historically is a proven formula for any large cityĘon the upswing. A classic case is the awesome development of New York's meatpacking district (MPD). Once a bleak outback for the butcher trade, it now shows no signs of slowing down. With headlines labeling it " Manhattan's trendiest neighborhood," it is the new home to some of the city's most celebrated clubs and restaurants. The lesson learned is to look under the radar for potential new growth areas as the key to finding low cost start-up sites with character appeal. Club owners, restaurateurs, investors and savvy realtors can learn from the trends of this now fashionable tourist Mecca. Interested readers can track MPD study findings from a statistical analysis of the area, commissioned by my nightlife brokerage for the period between 2000 and 2005, at www.pickenrealestate.com.

Historic Ethnic Neighborhoods Ethnic neighborhoods hold on to time-honored traditions, but, as families move on, change is inevitable. LITA is the best current example. LITA stands for Little Italy, a tiny strand of four or five blocks, just North of the Italian community which attracted generations to its colorful unique stores and Italian cuisine. New LITA stores, restaurants and shops are serving the overflow of Little Italy tourists and wealthy new residents who bought apartments on its borders. Club and restaurant owners have started calling me to check out available new sites, auguring a new trend within the borders of lower Manhattan.

Reinventing Manhattan A sure-fire development, bound to happen in other major cities as the word gets out, is installation of newly designed live music venues, once a Big Apple staple. The new live venue facilities are being built on a grander scale than ever before, with modern improvements, lavish dancing space and expansive views from every table.Ę The new ultra-size clubs will captivate with all-glass elevators, hi-tech acoustics and lighting systems, three-story high ceilings, multi-tiered dance floors, TV/video and digital computer screens, the latest sounds in live music and/or provided by world acclaimed DJs ratcheting up lively rhythms.

Rooftops One trend that keeps going is rooftop dining/dancing and lounging. These dramatic views can be duplicated somewhat in most metropolitan cities. Outdoor spaces revive older buildings and make for memorable moments under the stars. I advise searching for hidden jewels with outdoor potential.

Making Your Bed Another trend that has stuck around is the concept of patrons relaxing on beds, but a number of club owners are entertaining thoughts about out-bedding the competition - by creating new lifestyle venues in the NYC metropolitan area and perhaps other cities, including Las Vegas. The live grown-up playground entertainment idea is booming, while revenues reportedly are down in all other adult style entertainment mediums, such as DVDs, video, Internet and magazines. Perhaps no better sign of this movement exists than the Palms Hotel's multi-million dollar Playboy Club in Las Vegas.

Opulent Libations Something fascinating today's club-goers are outlandishly priced cocktails. Though but a few might actually buy one, the buzz brings the rest. One example is a Drink Recipe Night, inviting bar customers to come up with their own, original Rich Cocktail Recipe for a new $10,000 drink. Celebrity judges declare the winner, who gets an all-expenses-paid week for two at a 5-star vacation resort.

WEST SIDE MUSIC STORY

New york night club broker

By Lois Weiss

THE family that owns BB King Blues Club & Grill and the Blue Note New York has cut a deal for a live-music venue in the Meatpacking District. "It will be called the Highline Ballroom," said Steve Bensusan, who declined to provide other details, as did his brother Tsion. A Web search, however, revealed that singer Jonatha Brooke is booked for the grand opening on May 1. The nightclub will take over the 10,000-foot spot formerly occupied by Glo and Powder. "It's a terrific domed space with no columns and great sightlines," said Alex Picken of Picken Real Estate & Nightlife Brokerage who negotiated the deal. The transaction was actually set back a few months by last year's state moratorium on new liquor licenses, which has now been lifted. Western Beef owns 431 W. 16th St. and occupies the first floor. It moved there after its previous location on West 14th Street was sold as a development site. "The owners were not so concerned with bottom-line dollars," Picken explained. "We had offers of over $100,000 more but they felt these would be hassle-free tenants and would bring in fine dining." The rent for the 15-year deal starts around $30 a foot. "The face of Meatpacking is changing and now there are more components to it beyond the fine dining and high fashion," said Picken. "This adds appeal to a wider range of age groups."

COPA ON THE MOVE

New york night club broker

By Lois Weiss

The storied Copacabana nightclub, which Barry Manilow turned into a household name with his 1978 hit song, is being condemned to make way for an extension of the No. 7 subway line to stop at the Javits Center. But the planned closure at the end of June won't mean the end of the line for the Copa. The Post has learned that club owner John Juliano is seeking a new location and is also preparing to license the name for products such as clothing and lingerie. "We'll be moving to a new location, which we can't disclose yet," said Juliano. He is negotiating with a few building owners, including one being handled by Alex Picken of Picken Real Estate & Nightlife Brokerage. Picken helped the Copa find its current location at West 34th Street and Eleventh Avenue. At 50,000 square feet, the club, which has featured acts from Bette Midler to Peter Allen, is the largest in the city, hosting events for up to 3,000 people and making it a popular venue for large corporate events and major dance acts. "The new space would be slightly downsizing on multiple levels and more centrally located," said Picken. Even if he signs a lease soon, Juliano is prepared to "go dark" for a few months until the next site is up and running. He is also working to place the Copa name on everything from perfumes to T-shirts to sexy lingerie. The Copa dates back to the 1940s, when the original club on East 60th Street featured performers like Frank Sinatra and was frequented by a who's who of night lifers from society types to mobsters. It was also where songwriters Bruce Sussman and Jack Feldman sat at the bar and co-wrote a song about the club and a showgirl named Lola. When its lease was up, the Copa moved to West 57th Street before settling at its current location four years ago.

http://www.nypost.com/seven/12152006/business/copa_on_the_move_business_lois_weiss.htm

A Nightclub Queen Gets Ready to Sell Her Chilly Hotspot Bungalow 8’s Sacco Says, “I’m Gonna Do What’s Necessary.”

New york night club broker By Spencer Morgan

And it appears the message has been clear to other club owners on the block. Home, Guest House, Spirit and Pink Elephant also call 27th Street home.

“Two other owners on that block have approached me wanting to sell in the last couple months,” said Alex Picken, the city’s biggest nightclub broker. Mr. Picken was involved in the sale of one of Ms. Sacco’s other hangouts, Lot 61. “It’s like a Mardi Gras over there, and a lot of the high-end patrons—some of whom are models and actors and whoever—they’re leaving the clubs at 3 a.m., and they’re getting harassed on the streets by the other people as well as by the cops. And they’re deciding to take their business elsewhere.”

Mr. Rabin and Ms. Sacco see the police presence in the area as a shortsighted overreaction to a problem that, in the words of Mr. Rabin, “never existed.”

This column ran on page 1 of The New York Observer.

http://observer.com/20061211/20061211_Spencer_Morgan_thecity_thetransom.asp

Up on the roof

New york night club broker

By Lois Weiss

Great views and oasis atmospheres mean rooftop bars are on the rise DESPITE the chillier weather, rooftop bars are still popular spots for chillin', even if propane heaters are needed. Nightlifers simply enjoy being outside in the city with the neighboring buildings and occasional moonlight and star shine providing a twinkling and romantic backstop. "I've been getting a lot of calls for rooftop venues," said nightlife broker Alex Picken, president of Picken Real Estate and Nightlife Brokerage. "The Gansevoort [Hotel] rolled out its rooftop right into the sights of the trendy crowd and that kicked it off in a big way." To be sure, rooftop bars are old staples. The Beekman Towers has beautiful views of Queensboro Bridge and the United Nations and comes complete with a dining option. "It's a romantic spot," said Picken. The largest rooftop bar at 230 Fifth Avenue, for instance, recalls South Beach with its palm trees and quiet music. "It's more an after work crowd," Picken said. Picken believes the upcoming High Line Park that will straddle streets from the Meatpacking District through Chelsea will be "incredible" if the various new and older buildings create their own patios and venues looking out over it or opening onto it. "There's a real future for it, no doubt," said Picken.

http://www.print2webcorp.com/news/nypost/Commercialre/20061025/p56.asp

Featured Speaker, Alex Picken: Be A Good Neighbor

New york night club for saleConvention and Trade Show -East Coast- at the Trump Taj Mahal, Atlantic City.

Community awareness is an issue in every major city. Join Alex Picken to learn how New York City is handling the issue in concern with aggressive legislation efforts against the industry by the Department of Consumer Affairs.

Picken, founder of Picken Real Estate, is implementing his ideas and efforts working with the NYNA (New York Nightlife Association), REBNY (Real Estate Board of New York) and the NYSRA (New York State Restaurant Association) to create positive legislation, public relations and creative approaches to community concerns around New York City nightlife. Spear heading major annual charity events, held gratis in clubs around the city, Picken is a leader in showcasing the social and philanthropic power of the nightlife industry.

www.nightclub.com/conventions/ac06/brochure/full_wed.htm

Are City Slickers Cheating Tim Love?

New york night club broker

Is Tim Love getting screwed? According to a Fort Worth Star-Telegram profile, the cowboy-hatted celebrity chef, who recently moved from Texas to New York, signed a ten-year, $10.2 million lease on the space for his new Lonesome Dove Western Bistro on West 21st Street. The reviews aren't in yet on the food (though Rob and Robin did publish a glossary of his exotically named dishes), but we'll vouch that the room is nothing to write home to Fort Worth about: It's fairly narrow, not much to look at, and facing a Flatiron side street without a precedent for restaurant success or even much pedestrian traffic. We asked Picken Real Estate founder Alexander Picken, who specializes in nightlife and restaurant realty, to tell us what he thought: "Based on what I saw, that figure is outrageous - at least three to four times what he should be paying." We dearly hope Love succeeds, but it sounds like he would have done better playing three-card monte in Times Square than signing that lease.

Published in New York Magazine- Restaurants

http://nymag.com/daily/food/2006/10/are_city_slickers_cheating_tim.html

Liquor unit shuts door

New york night club for saleASLA heeds city's community boards, rejects many new applications.

Community activist Susan Stetzer has a new fondness for the New York State Liquor Authority- and that does not bode well for bars and restaurants in her neighborhood. "The SLA is extremely responsive in many ways to the community's needs," says Ms. Stetzer, district manager of Community Board 3, which includes trendy streets on Manhattan's Lower East Side... ...The new attitude at the SLA and the power it is allowing community boards is likely to deter bar, restaurant and nightclub entrepreneurs from expanding- stifling the industry's growth.

"We are concerned that the SLA is ceding its authority to a system that is designed to be anti-business," says Robert Bookman of law firm Pesetsky and Bookman, which represents the New York Nightlife Association.

One sign of the climate is increasingly tense negotiations over new leases. Nonrefundable security deposits are now being placed in escrow, and sometimes a portion is returned if the tenant can't get a liquor license, according to Alex Picken, owner of Picken (Real Estate and) Nightlife Brokerage. Other leases aren't finalized until the community board gives a green light...

Published in Crain's New York Business - Lisa Fickenscher

www.nymag.com/nightlife/barbuzz/20262/index.html

Fall Nightlife Preview

New york night club for saleAlso on the HorizonÉ Scott Sartiano, who was set to open a club in Plaid's old space, has relocated his plans to West 17th Street. The unnamed nightclub, which should be bigger than his other spots, Butter and G Spa, may open in the winter at the earliest ... Top nightlife realtor Alex Picken has just closed a deal with international investors that will bring a live-music-and-dinner venue catering to a 25-plus crowd to the Meatpacking vicinity ... Steve Ballinger, who just opened the Village Pourhouse next to his club Webster Hall, will soon reopen the 11,000-square-foot midtown space formerly known as Downtime as an 800-seat concert venue called the Rebel ... Starting Fashion Week, Pacha's second floor, soon-to-be-dubbed the Funky Room, will be enclosed in retractable glass and given an Ibiza-style makeover so that D.J.'s can spin hip-hop and rock amid plants and near curtained cabanas ...

Published as a web exclusive - Daniel Maurer

www.nymag.com/nightlife/barbuzz/20262/index.html

Labor Day Weekend

New york night club for sale Address- 251 West 30th Street
Premise Size- 11,000 sq. ft.
Tenant- SCB Entertainment
Tenant Rep.- Alex Picken, Picken Real Estate and Nightlife Brokerage

Notes- The live entertainment venue, which will feature three dance floors, a concert hall and a capacity of 800, signed a 10-year lease at an asking rent of $24 per square foot. The venue is scheduled to open on Labor Day weekend.

Published in The Real Deal

Post Focus on Commercial Real Estate

New york Restaurant for saleClub Light has gone out at 125 E. 54th Street but will reopen in September with a new name, new look and new owners: Matt Wagman and partners. Wagman, who operates Tribe and the Park Avenue South restaurant, PS 450, got a 10-year lease for 4,300 feet.

Alex Picken, president, David Hantman and Anna Rhein of Picken Real Estate and Nightlife Brokerage handled the marketing for Light's former owners, Mitch Pollak and his attorney/partner Ronald Fishman, who walked away from the deal with about $250,000.

Published in the New York Post - Lois Weiss

www.nypost.com/realestate/comm/value_makeover_comm_lois_weiss.htm

Star Nightclub Sold

New york night club for saleFormer Copacabana owner John Juliano and Marc Glazer of Branch and El Morocco fame have teamed up to buy Star nightclub, which turns out to be the only spot left on the Upper West Side with a cabaret license.

The 8,000-foot dance club and private-party venue at 246 Columbus Ave. at 72nd St. is being dubbed Columbus72 and will open in the fall. Brokers Alex Picken of Picken Real Estate and Nightlife Brokerage worked for the buyers and Rafe Evans of Walker Malloy represented the building owner in-house.

Published in the New York Post

New club ready to party in Chelsea

New york night club for saleThe real estate boom and rising rents in recent years have forced owners of live-music venues around Manhattan to shut their doors. Steven Ballinger, an owner of dance club Webster Hall, is singing a different tune: He is opening one of the few new live-music clubs in Manhattan. The 11,000-square-foot SCB Entertainment, at 251 W. 30th St. between Seventh and Eighth avenues, is set to open Labor Day weekend. It will offer three dance floors, a state-of-the-art concert hall and enough room to accommodate 800 revelers.

"The closing of signature live-music venues like the Bottom Line, Wetlands and Tramps, all within the last three years, left a giant void," says Alex Picken, president of Picken Real Estate and Nightlife Brokerage, which negotiated the new club's 10-year lease. The Chelsea building has an asking rent of $24 a square foot. Located one block from Penn Station and Madison Square Garden, it was the site of Downtime, where musicians such as Clarence Clemons and members of Fleetwood Mac performed. Downtime closed in 2004.

Published in Crain's New York Business - Real Estate Deals Section - Julie Satow

Good News Broadcast

NYC picken charitiesWe are pleased to announce that our very own Alex Picken was interviewed by and is featured on Good News Broadcast! The article may be viewed, by clicking on the following link: Good News Broadcast with Alex Picken.

Hear Emmy Award winning host, Paul Sladkus, interview Alex Picken about our company's exciting new charity program; working with top NYC nightclubs to help charitable organizations find the perfect venue on a no-cost basis, for their annual fundraising events. Good News Broadcast announcements are heard / viewed by over 5 million people per month. Click here to go straight to the audio segment: Audio Segment

To learn more about how to get involved with the Charity Program, please visit our Charity Section.

New York Post

New york night club brokerMore recently the New York Post uncovered a transaction that Mr. Picken co-brokered which will enable the tenants in the deal to open the largest new nightclub in Manhattan for 2005. The name of the new nightclub is Pacha NY.



BIGGER IS BETTER -- IS the era of the super-sized nightclub coming back? Giant venues haven't fared well since the days of the Palladium, Mars, Tunnel and Limelight. But sources say Alex Picken and Rafe Evans, the super-brokers who have handled the leases of 33 Manhattan nightclubs, have done a deal at the former Sound Factory on West 48th Street that will add a huge roof deck overlooking the Intrepid to the existing 30,000 square feet of interior space. The club, as yet unnamed (as are its owners), will open in the spring.

http://www.nypost.com/gossip/22159.htm



New York Metro

NYC picken real estate"...Had Marvisi* needed a new location, he would most likely have called Alex Picken, a commercial-real-estate agent and former DJ at Red Zone who systematically scouts for possibilities. New establishments generally open only on the site of previous ones, since existing dance clubs already have a cabaret license, the hard-to-qualify-for permit that the city insists upon for every premise with dancing. "In recent years, the only new cabaret license to be granted in midtown that I can think of was for the China Club," says Picken. That's why he keeps a list of all the existing cabaret licenses in the city (there are currently 142 in Manhattan and 697 citywide, as compiled by the Department of Consumer Affairs."

"David Marvisi currently owns the largest Nightclub in Manhattan, known as "Club Exit/Black". Mr. Marvisi also owns "Capitale" in Chinatown, NYC."

www.newyorkmetro.com/nymetro/nightlife/barsclubs