Mac Cosmetics’ SoHo Flagship Relocates to 5K SF at 579 Broadway
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. Houston transaction velocity has been concentrated in industrial and Class A multifamily in the energy corridor and inner loop. Office remains a basis play. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
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On the RET wire
- The 56th Houston story tracked on the wire in August 2026. All Houston coverage →
Computed from Real Estate Trail’s own tracked coverage
Mac Cosmetics has selected a new foundation in Manhattan’s SoHo neighborhood. The global makeup brand signed a 5,325-square-foot lease at 579 Broadway between Prince and East Houston streets to host its next flagship…
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