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Articles Archive for 20 July 2011

Deals & Dealmakers, Featured »

[20 Jul 2011 | No Comment | ]
Giggle me: Retail just for kids on the rise

By Liana Grey
Several months ago, Brooks Brothers opened its first children’s store in Manhattan, on Madison Avenue and 86th Street. With Catimini, a trendy boutique for school kids, and Baby Cottons, a sleepwear shop, all within the span of several blocks, Madison Avenue has fast become a shopping destination for affluent parents. “Normally people move to the suburbs, but people are tending to stay,” said Gary Alterman, a senior vice president at RKF.

Construction & Design »

[20 Jul 2011 | 4 Comments | ]
ACC builds bank a ‘wow’ factor

ACC Construction has completed the build-out of a significant corporate office space at 810 Seventh Avenue, a Class A building owned and managed by SL Green. SL Green and the tenant, Raine Group, retained LB Architects to design the 18,000 s/f space, and LB hit the right design notes in their dramatic, modern and very functional office design. Raine Group is an unusual merchant bank in that they are focused on entertainment, digital media and sports; given their market position, they wanted an office that is high style and polished, yet with a hint of unpredictability.

Deals & Dealmakers »

[20 Jul 2011 | One Comment | ]
J.Crew in talks to renew at 770 Broadway

By Daniel Geiger

J.Crew is in talks to renew its lease at 770 Broadway in what would be a roughly 300,000 s/f deal, sources say. The firm occupies several floors in the 1.1 million s/f building, including part of the 10th floor and all of the 11th, 12th and 13th. The clothing company, which opened its first retail store in Manhattan in 1989 before expanding to become a popular nationwide chain and one of Manhattan’s most prolific retailers, had been exploring its options whether to renew or relocate elsewhere, sources said. The company was rumored to be considering other spaces in recent months according to brokers who had observed the company’s search process, including a potential deal at 100 Church Street, an office building in Lower Manhattan whose owner SL Green had priced its rents aggressively to lure large tenants.

Deals & Dealmakers, Featured »

[20 Jul 2011 | No Comment | ]
Direct approach leads to record breakers for Cushman’s Helen Hwang

By Roland Li

When Helen Hwang moved from South Korea to New Jersey as a teenager, she had to learn a new language. Undaunted, Hwang spoke until she overcame mistakes, eventually taking honors English in high school. The fearless approach led to her admission to Cornell University, where she first majored in chemistry, with plans to become a doctor.

Deals & Dealmakers, Featured »

[20 Jul 2011 | No Comment | ]
Record label takes 1,860 s/f at Colliers’ 1140 Broadway

By Roland Li

Record label Mom + Pop Music has signed a two-year lease for 1,860 s/f at 1140 Broadway. Rent was $38 per s/f, with a yearly rent of around $70,680. Mom + Pop is home to bands such as Sleigh Bells, Neon Indian and Tokyo Police Club. It was founded in 2008 as an affiliate of Q Prime, a music management company, by Peter Mensch, Cliff Bernstein and Michael Goldstone.

Brokers Weekly, Construction & Design, Featured »

[20 Jul 2011 | 5 Comments | ]
Carter Horsley’s Top 10 Residential Buildings with screening rooms

By Carter Horsley

If wood-burning fireplaces at the ne plus ultra of apartment living, screening rooms come in a close second even if they are usually a communal facility. Screening rooms imply a larger audience or party than mere “home theater” cheese-dip nights.

Opinion »

[20 Jul 2011 | 3 Comments | ]
Risks and rewards of electronic signatures

By Howard Rubin and Scott Simon

Creating a paper trail for every real estate transaction is the mantra of most brokers. But there are risks as well as rewards to the practice in today’s electronic age. When it comes to e-signatures, the area of the law has evolved with such velocity that professionals’ expectations as to what constitutes a contract may already be outdated.

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