Home » Archive

Deals & Dealmakers, Headline, Retail »

[23 Jul 2014 | No Comment | ]
Flatiron foot traffic outpacing Fifth Ave.

An ABS leasing team is marketing retail space in a Flatiron corridor that has outstripped Fifth Avenue as the hottest spot for foot traffic.

John Brod and Gregg Schenker, of ABS Real Estate, commissioned a pedestrian traffic study at 915 Broadway, where the duo is marketing an 8,000 s/f ground-floor flagship space.

“I think this is a condition in the marketplace that very few retailers and real estate professionals are aware of and makes for a unique opportunity for tenants and brokers to be ahead of the curve with this knowledge and take advantage of,” said Schenker.

Deals & Dealmakers, Featured »

[15 Jul 2014 | No Comment | ]
New York sale prices hit pre-recession levels

Massey Knakal painted a sunny picture of second quarter investment sales activity in Manhattan as deal volume soared to pre-recession levels.

“The second quarter of 2014 picked up where the first quarter left off,” said Massey Knakal chairman Bob Knakal.

“The number of properties sold is on pace for an all-time record and the dollar volume is not far behind. A sustained supply demand imbalance continues to exert upward pressure on property values citywide.”

Brokers Weekly, Featured »

[3 Jul 2014 | No Comment | ]
Affordable luxury the watchword at new tower

On the Upper East Side, a recently converted condo building is making a name for itself with more bang for the buck.

RFR’s 300 East 64th Street, located in Lenox Hill on the corner of Second Avenue and East 64th Street, recently began sales at the building, which touts luxury living with an affordable price tag — a 472 s/f studio is listed for $810,000 while a 725 s/f one-bedroom is listed for $975,000.

Deals & Dealmakers, Featured »

[3 Jul 2014 | No Comment | ]
Soccer fan Roth scoring big at the feet of development powerhouse

A would-be soccer player is scoring big as a retail leasing and acquisitions broker with Manhattan Skyline Management Corp.
In the past several months, Josh Roth signed tenants such as the J.Crew-owned Madewell clothing store, TD Bank and Pro Health urgent Care Center.
Now he is learning at the desk of prolific developer Donald Zucker, chairman of Manhattan Skyline.

Featured, Retail »

[2 Jul 2014 | No Comment | ]
Restaurateurs sour on rising rents

With rents increasing in all of the prime retail areas, and longtime restaurants like Union Square Café shuttering after 30 years, restaurateurs are looking elsewhere to plant their flags. Danny Meyer, whose Union Square Café is among a long list of restaurants opened through the Union Square Hospitality Group (USHG), including Gramercy Tavern, The Modern and the Shake Shack chain, shocked the industry and patrons when he announced recently that the restaurant will forfeit its lease on East 16th Street between Broadway and Fifth Avenue, after 30 years in business.

Blaming rising rents, Meyer said, “We are viewing this as an opportunity to write the next great chapter for Union Square Cafe,” the USHG said in an e-mailed statement. Meyer told the the New York Times the restaurant would reopen in the future, but “not necessarily in or near Union Square.” In a REBNY retail market report released in April, Fifth Avenue between 49th and 59th Streets had the highest average asking rent for any corridor and hit a new record of $3,550 psf, a 16 percent increase from spring 2013.

Brokers Weekly, Featured »

[26 Jun 2014 | No Comment | ]
Developers striving to bring residential services to the next level

By Holly Dutton
Developers are honing in on what buyers and renters in NYC want — going from traditional to modern and creating spaces that residents need – whether they know it or not.
Jodi Stasse, managing director of new developments at Citi Habitats, has seen a shift in traditional building amenities coming out of the basement and into the light — literally.
“A lot of the amenity spaces are incorporated into basement levels of buildings, which gets no natural light,” she said. “It’s a real decision to get them above street level. …

Headline, Retail »

[25 Jun 2014 | No Comment | ]
Emirate chain planning big US roll-out

A Dubai-based fast-food chain is setting its sights on the U.S. retail market and expects to open 50 stores in New York City.

Just Falafel, a middle-eastern “fast casual” restaurant chain based in Dubai, announced earlier this year that the company was planning a massive American rollout, having already sold nearly 120 franchises, according to the company.

“Our goal is to become an authentic global aggregator of Mediterranean street food which fits with our brand’s core values of serving authentic, wholesome food with old-world flavors,” said a company spokesperson.

Brokers Weekly, Featured »

[13 Jun 2014 | No Comment | ]
Voda has his eye on the goal

Avi Voda, co-founder of the recently launched Voda Bauer Real Estate firm, is bringing 20 years of experience to his new endeavor, a company that seeks to cover all the bases as a full-service real estate firm.

And if his first month in business is any indication, that effort is coming to bear.

Voda Bauer Real Estate signed 11 exclusive sales listings that totaled over $22 million in its first few weeks in business.

Brokers Weekly, Featured »

[13 Jun 2014 | 3 Comments | ]
Red Hook has all the ingredients to be next hot neighborhood

The small Brooklyn neighborhood of Red Hook, which has a storied history of as a prominent shipping port that fell into a period of crime and poverty, has the potential to become a destination neighborhood.

“There’s been quite a bit of change,” said Bernadette Ott, a Citi Habitats agent who has lived in Red Hook for nearly a decade. “There are more stores, boutiquey-type places popping up, more restaurants and specialty item stores. When I first came here, there were maybe a handful, now there’s three times that.”

Deals & Dealmakers, Featured, Retail »

[11 Jun 2014 | One Comment | ]
Big plans brewing in Koreatown as new coffee chain expands

The Starbucks of South Korea is making a splash in NYC.

Caffe Bene, the most popular coffee chain in South Korea, which models itself on traditional European coffee houses, recently expanded to the US with an ambitious rollout plan that will see retail locations in all five boroughs of New York City.

The latest has been confirmed in Koreatown, where the company will occupy a 3,500 s/f space in the ground floor retail space of 39 West 32nd Street. That location will open in September.

Related Posts Plugin for WordPress, Blogger...