Articles in the Retail Category
Brokers Weekly, Retail »
Hotel & Homes, the new brand from Barry Sternlicht, the creative force behind the W, debuted its sales center and model residences on Saturday, February 22 with a VIP tasting from Chef Tom Colicchio. Taking place during the South Beach Wine & Food Festival, the event gave VIP broker and media guests the first sensory experience of Chef Colicchio’s currently unnamed farm-to- table restaurant. The fare offered was reflective of the seafood and Mediterranean driven menu that will be offered at the chef’s Miami restaurant. The restaurant is currently slated to …
The economy in recent years has placed real estate portfolio optimization as a high priority for Garden State retailers and retail landlords. According to Nancy Erickson, director of the New Jersey retail team at commercial real estate services firm Cushman & Wakefield in East Rutherford, this has resulted in a number of notable market shifts – as well as strong demand for experienced brokers who can help evaluate strategies and head expansion plans. In the following interview, Erickson discusses the state of New Jersey retail, its changing tenant base, the …
Editorial Supplements, Retail »
By Jill Lovatt,
Massey Knakal Retail Leasing Services
This past year has been a very strong year for New York City retail.
In terms of retailer demand and growth in rents, New York City has outperformed the rest of the country, and Manhattan’s Upper East Side has been leading the way.
A driving force for retail rents has been the improving economy due to the recovery of employment and disposable income.
Even more impactful has been thriving levels of tourism in New York City. Last year, there were over 54 million tourists exploring New …
PRD Realty Corp., a commercial and residential developer, property owner and management company, announced that Steve Madden and Trebbianno, LLC have signed long-term leases totaling over 60,000 s/f at 19 West 34th Street, also known as The Martin Building.
The 14-story building located between Fifth and Sixth Avenues in Midtown South will now serve as one of Steve Madden’s corporate offices and showrooms. Steve Madden is taking the entire fifth floor and part of the 4th and 8th floors, and using approximately 40,000 s/f.
Similarly, Trebbianno has leased 20,000 s/f on …
Urban Space, the group behind the pop-up food markets Mad. Sq. Eats, Broadway Bites and Dekalb Market, has leased 10,000 s/f atop Grand Central Station for a modern food hall.
Muss Development LLC, in the midst of repositioning Jackson Heights Shopping Center, has secured both end-caps to major credit tenants, Petco and Santander Bank.
Petco has signed a new, long-term lease and Santander Bank has signed a long-term extension and relocation within the shopping center.
Petco will lease 13,500 s/f comprised of approximately 11,000 s/f on the ground floor and 2,500 s/f in the basement of the stand-alone building within the shopping center.
Santander Bank, formerly known as Sovereign Bank, will relocate from the ground floor location it has held for the last …
Lao Feng Xiang Jewelry, a world-renowned Chinese jewelry company with more than 2,300 sales outlets across the globe, has signed a long-term lease for its first North American retail store and showroom at 585 Fifth Avenue.
When the store opens in Fall 2014, the company will occupy 6,100 s/f over three floors, plus basement, and they will brand the entire six-story building to fully announce their presence to New York and to the United States.
“Fifth Avenue is the most dynamic retail stretch in the world and only the cream of the …
Brookfield Office Properties Inc. announced that Bonobos, the menswear brand, will open a signature e-commerce store at Brookfield Place in 2015.
Bonobos’ e-commerce stores, “Guideshops,” offer men a one-on-one shopping experience with a personal guide to navigate the brand’s assortment of product.
Guides help customers find the appropriate sizes and styles and then place their orders via the Bonobos website, to be shipped directly to the customer within one to two days.
The brand has two current Manhattan locations on Crosby Street and West 25th Street.the new Guideshop will be a “creative addition …
Brookfield Office Properties Inc. announced that the chefs and restaurateurs behind Bromberg Bros. Blue Ribbon Restaurants, Eric and Bruce Bromberg, as well as partner and sushi master Toshi Ueki, will bring a Blue Ribbon Sushi to Hudson Eats at Brookfield Place.
Opening in Spring 2014, Hudson Eats is a collection of 14 chef-driven eateries, situated on an elegant waterfront terrace. It is part of the exceptional $250million renovation of Brookfield Place.
The new Blue Ribbon Sushi at Brookfield Place will be an extension of the award-winning Blue Ribbon Sushi whose original location …