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[17 Sep 2014 | No Comment | ]

Shake Shack has signed a lease for 3,265 s/f at 1333 Broadway, announced Empire State Realty Trust, Inc.
The lease closely follows the opening of the world’s largest Urban Outfitters store at the same building.
“Herald Square is marching up the Broadway Corridor attracting top retailers, which is part of the remarkable transformation of the neighborhood in which we were first movers in upgrading our own properties,” said Thomas P. Durels, Executive Vice President, and Director of Leasing and Operations for ESRT.
Shake Shack, part of Danny Meyer’s Union Square Hospitality …

Deals & Dealmakers, Retail »

[17 Sep 2014 | No Comment | ]

As the fashion crowds flock to New York City for Fashion Month, Rachel Roy, a designer of women’s contemporary fashions, has found its new showroom and office space on Bryant Park.
The Savitt Partners team of Marc Schoen, Brian Neugeboren, and Michael Schoen worked with the brand’s partners, including majority holder Topson Downs of California Inc., to locate a new space to serve as the global headquarters of the brand. The firm secured a 10-year, 15,000 s/f  lease at 58 West 40th Street in Manhattan. The Rachel Roy brand will relocate from …

Retail »

[17 Sep 2014 | No Comment | ]

●THOR EQUITIES
Porsche popping up in Thor space
Thor Equities has secured a lease for automotive industry titan Porsche, at 446 West 14th Street in the Meatpacking District.
In celebration of the 50th anniversary of the iconic 911 sports car, Porsche will showcase and release a brand new, special-edition model in the temporary four-week pop-up shop from September 16 through October 15, 2014.
“The Meatpacking District is the urban-chic capital of New York City,” said Melissa Gliatta, executive vice president of Thor Equities.
“Demand in the neighborhood continues to soar as it attracts elite, innovative …

Retail »

[17 Sep 2014 | No Comment | ]

JLL announced the continued expansion of its retail platform in New York with the addition of Amy Zhen as a senior vice president this week.
“New York is a target market for our retail investor clients and it’s critical to have a skilled expert, like Amy, on the ground to support their investment goals and leasing needs,” said Bob Gibson, vice chairman of JLL retail services in New York.
“Amy’s expertise on the landlord side will complement our established tenant representation capabilities in the market, and we’ll partner together to boost our …

Retail »

[17 Sep 2014 | No Comment | ]

Anxiety about consumer spending is misplaced. Revised retail sales data indicate that consumer spending in the U.S. is rising steadily, according to the newest economic update from Cushman & Wakefield.
The report found that consumers are feeling better about current conditions in the economy and their finances. Historically, when the current conditions index is high, consumer spending growth is healthy.
One concern about spending is wage growth, which remains sluggish, but there are signs that wage increases are going to accelerate.
Overall, Cushman & Wakefield economist Ken McCarthy said he remains confident that …

Retail »

[17 Sep 2014 | No Comment | ]

Friedland Realty Advisors, formerly NAI Friedland announced that Josef Pomerantz and Karnit Mosberg have obtained exclusive brokerage rights to the Yorktown Green shopping center.
The 177,250 s/f retail center was built in 1975 and is owned by Oster Properties.
This is the first time that Oster has awarded exclusive rights to a brokerage firm in New York State.
Located in Northern Westchester in the town of Yorktown Heights, Yorktown Green is one of the area’s busiest open-air shopping centers and boasts one of the top producing Kmart’s in the region as its anchor.
In …

Retail »

[17 Sep 2014 | No Comment | ]

Winick Realty Group announced the availability of 3,824 s/f of corner retail at 1827 First Avenue, on Manhattan’s Upper East Side.
Winick president Steven E. Baker and his associates Aaron S. Fishbein and Jeremy Wintner are marketing the prime availability on behalf of Fetner.
“We are proud to be working with Fetner to lease this rare Upper East Side corner retail site,” said Baker. “This area is filled with young families and we look forward to bringing in a tenant that can meet the needs of the community.”
The storefront is located at …

Retail »

[17 Sep 2014 | No Comment | ]

Massey Knakal Realty Services has been retained on an exclusive basis by Carlyle House, Inc. to assist with the leasing of their Madison Avenue retail space between East 76th and East 77th Streets.
Ownership is considering all options, including master lease and direct lease. CEO Paul J. Massey, Jr., Thomas D. Gammino, Jr., and Jill Lovatt are exclusively handling this assignment.
“This location is one of the premier retail locations in all of New York City and we are excited to assist ownership in finding the perfect opportunity for the space,” said …

Opinion, Retail »

[17 Sep 2014 | No Comment | ]

By Faith Hope Consolo
Chairman, The Retail Group,
Douglas Elliman Real Estate
After one of the most beautiful summers I can recall, everyone is now facing the most important time of year (at least in my beloved retail sector): the fourth quarter.
As I write this in early September, we also are in the midst of Fashion Week, which will give a hint not just of how retail will do for the holidays, but also what retailers we may see in the not-too-distant future.
After attending some half-dozen shows, I can report that luxe is …

Retail »

[10 Sep 2014 | No Comment | ]

RKF has been selected as the exclusive retail leasing agent for The Factory, a one-million-square-foot, multi-tenant commercial building located at 30-30 47th Avenue in Long Island City, Queens.
Situated in the up-and-coming Hunter’s Point section of Long Island City, and occupying the entire block from 47th to 48th Avenues and 30th Place to 31st  Street, the retail space at The Factory consists of 23,564 square feet on the ground floor and 21,854 square feet on the building’s lower level. RKF Executive Vice President Barry Fishbach and Director Young Kim are bringing the opportunity to market …

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