Articles in the Retail Category
Upstart Long Island retail brokerage Sabre Real Estate Group, has landed two high profile leasing assignments.
Just ahead of the annual two-day New York ICSC conference, Sabre – a company founded by Jayson Siano and Kenneth Breslin in 2011 – announced Rechler Equity Partners LLC, Long Island’s largest commercial real estate developer, and its affiliate, R Squared Real Estate Partners, have given exclusive leasing assignments for two planned developments to the firm.
RKF, the independent real estate firm that specializes in retail, announced the formation of its first cross-border office in Toronto, Canada.
The RKF Toronto office will be led by Canadian retail services veteran Steven Alikakos, who will serve as president, Canada and be the firm’s Broker of Record once it receives its license.
RKF’s Canadian expansion comes just weeks after the firm formalized an affiliation with leading U.K. – based retail consulting firm CWM Retail Property Advisors, LLP.
With today’s news, RKF now has a presence in eight major markets including Toronto, which …
Deals & Dealmakers, Retail »
This month, Massey Knakal partner James Nelson discusses the state of the retail investment markets with John Usdan of Midwood Investment & Development, which owns 120 properties in 12 states and is currently working on four development projects; Friedland Properties’ William Friedland, who is quarter-backing several projects, including the redevelopment of the former Bank of New York site on 63rd and Madison; Linfield Capital’s Mark Chan and Johnny McCarthy of Trevi Retail which buys properties and operates 17 primarily retail properties in Manhattan.
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Deals & Dealmakers, Retail »
The Retail Sales Group at Eastern Consolidated celebrated its one-year anniversary with a double helping of restaurant deals.
Adelaide Polsinelli, the senior director who leads the group, sold two highly-visible retail condos that house Tribeca restaurant favorite The Harrison at 355 Greenwich Street and the adjacent Tablao at 361 Greenwich Street for $8.35 million.
“The Greenwich Street corridor — linking the Financial District, Battery Park City and Tribeca – is one of the most significant emerging retail thoroughfares in Manhattan today,” said Polsinelli. “The new ownership is bound to benefit from the …
Deals & Dealmakers, Finance & Accounting, Retail »
Fueled by intense investor demand and rising retail rents across the five boroughs, the New York City retail property market continued its healthy volume of activity with $445 million in sales in the third quarter, according to Eastern Consolidated’s December 2013 Retail Pulse report.
Not only did the third quarter volume more than triple from the first quarter, but if activity remains healthy, as expected, year-end retail property sales totals for New York City has the potential to reach $1 billion, with even higher totals likely in 2014.
“This year’s volume was …
Newmark Grubb Knight Frank (NGKF) Retail has been named exclusive leasing representative for Blink Fitness as it expands throughout Manhattan.
To date, the company has 18 locations throughout New York and New Jersey and is focused on expanding in dense residential and commercial areas near transport hubs.
In Manhattan, Blink has locations in NoHo, Murray Hill and Harlem, with Chelsea, Penn Plaza and Bryant Park locations slated to open soon.
NGKF Retail executive vice president Jeffrey D. Roseman, senior managing director Marc Frankel and managing director Benjamin Birnbaum will represent Blink in its …
Deals & Dealmakers, Featured, Retail »
Javeri Capital has raised its bet on Soho after nearly doubling its money on a Greene Street retail condo.
The company announced Monday that it had sold the retail condo at 115 Mercer to Joe Sitt’s Thor Equities for $16.4 million and simultaneously bought a property on Greene Street.
Atit Javeri, principal of Javeri Capital, said he paid $7.8 million when he purchased the retail in 2010.
If retail experts are right, New Yorkers will soon buy their groceries on the subway, or in walk-in cookbooks.
These new concepts from Seoul and Frankfurt are just two of the retail innovations that could make it to the Big Apple in coming years. New Yorkers have already embraced great European retail inventions such as the overpriced, French-sounding sandwich shop — but experts say that more is to come.
“Everything always ends up right here because it’s the biggest the retail market in the world,” said Faith Hope Consolo, chairman of the retail group at Douglas Elliman.
Once upon a time, shopping in Lower Manhattan was almost synonymous with the always-packed bargain hunters’ mecca of Century 21. But, like almost everything Downtown, the retail landscape is changing fast.
With new construction from the Financial District to the South Street Seaport, not to mention the new World Trade Center complex, Lower Manhattan is poised for a massive retail transformation.
Hundreds of thousands of square feet of shopping space is available for lease, and the upcoming International Council of Shopping Centers conference in New York is expected to bring with it a spate of lease announcements.
SL Green and partner Jeff Sutton issued a press release today (Thursday) stating that they have entered into an agreement to buy out the lease of retailer Juicy Couture at 650 Fifth Avenue.
The deal will allow them to combine Juicy Couture’s existing space with additional vacant space on the third-floor and accelerate a re-positioning of the retail corner.