Photo Gallery »
The Miracle on Madison Avenue holiday festivities kicked-off with the 2nd annual holiday lighting ceremony “Light Up The Holidays” on Madison Avenue. Muffie Potter Aston and Courtney Arnot, Miracle on Madison Avenue Chairmen, along with MSKCC president, Martha Vietor Glass flipped the switch to ignite Madison Avenue’s “shooting stars” specially designed for the street lamp poles of the BID between 57th and 86th Streets. The Hewitt Carolers, a choir of second graders, performed holiday songs.
SCG Retail announced the signing of a 750 s/f store at 265 Lafayette, between Prince and Spring, at the crossroads of SoHo and NoLita for the French Jewelry retailer, Aurelie Bidermann.
David Firestein and Brad Cohen of SCG Retail represented the land-lord, Lafayette St. Realty. According to Cohen, “Our goal was to find a great tenant for Lafayette that could thrive in the location. Fashion and accessories stores were one of our target categories for the space and Aurelie Bidermann has a great reputation.”
Bidermann jewelry and accessories have been available through …
ALTO Private Investments, a lreal estate fund manager, announced an exit transaction with the sale of 200 West End Avenue, a retail condominium on the prestigious Upper West Side of Manhattan consisting of four retail units, for $50 million.
ALTO purchased the property with the Klein American Group in 2011 for $31 million.
By Andrew Posil, Massey Knakal Realty Services
New York’s hotel market has reason to be optimistic. Although there are concerns regarding the increasing number of hotel rooms on the market and rising operating costs, there are also many reasons to be confident in the market’s long-term viability.
With so much product delivering in the next thirty-six months, how can owners and investors remain positive? The answer is that rock-solid fundamentals will sustain the market as new product comes on-line, and that the long term demands of the market will exceed the near-term …
The International Council of Shopping Centers’ annual New York National Conference at the New York Hilton and Sheraton New York kicked off this morning.
Organizers expect a record-breaking attendance this year, with up to 10,000 professionals roaming the halls and hotel lobbies (a major reason, I’m sure, that this conference is moving to the Javits Center next year).
I can remember years back when the New York meeting was held in Westchester in the fall – and drew an audience in the hundreds rather than the thousands.
Admiral Real Estate Services Corp. announced two new retailers opening in Bronxville in 2014: SoulCycle Spinning Studio and Crush Wine Bar, both on Kraft Avenue across from the Bronxville Metro North train station.
Crush Wine Bar will be located at 112 Kraft Avenue, several doors down from Bronxville’s Bow Tie Cinemas. SoulCycle Spinning Studio, which will be located at 94 Kraft Avenue.
Jon Gordon and Haryn Intner of Admiral Real Estate Services Corp., the landlord’s exclusive leasing agent, represented the owner in each transaction, as well as Crush Wine Bar.
SoulCycle was represented …
A new high-end hair salon is set to open where J. Lucas Clothiers has been located for the last five years.
Buchbinder & Warren Realty Group announced that Hair Bar NYC has leased the second floor retail space at 218 Madison Avenue for a ten-year term.
Annie Yao of Buchbinder & Warren represented the landlord in the deal for the 410 s/f corner unit. Abie Zarif of Kassin Sabbagh Realty represented the tenant.
European Wax Center has signed leases for two new Manhattan locations at 95 Chambers Street and 295 Park Avenue South.
In both transactions, European Wax Center was represented by Winick Realty Group broker Hal Shapiro, who was also responsible for leasing the brand’s East 34th Street location and their first-ever Manhattan store on 80th Street and First Avenue.
European Wax Center leased the former Straight from the Crate two-level storefront at 295 Park Avenue South. Winick president Steven E. Baker represented landlord, Abington Holding, along with colleague Michael Gielcher.
95 Chambers Street is …
Deals & Dealmakers, Retail »
Muss Development has arranged a long-term, full-floor expansion and relocation for Frank Blancato LLC at 64 West 48th Street, the developer’s 17-story, 130,000 s/f office building near Rockefeller Center.
Frank Blancato — a noted jeweler who currently leases approximately 3,918 square feet on the 16th floor — is expanding and relocating within the building.
The tenant will vacate its existing quarters and move into the entire 8,866-square-foot 7th floor in January, pending build-out of the space.
With this latest transaction, the property — which continues to benefit from a multimillion dollar capital improvement …
Laura Pomerantz Real Estate, LLC, has been appointed the exclusive leasing agent for 1557 Broadway, in cooperation with David Escava.
“We are thrilled to represent this landmark building located in the center of Times Square,” said Laura Pomerantz, founder and president.
“With its extensive amount of divisible space, the building offers a unique opportunity for smaller retailers to finally enter the Times Square market, while it also provides the ideal space for a larger retailer looking to open a flagship in the area.” At the heart of the Bow-tie, 1557 Broadway totals …