Category : Featured

By Roland LiFrom New Jersey to Long Island, Brooklyn to the Bronx, Barry Fishbach has a broad view of the retail market. Fishbach, an executive vice president of Robert K. Futterman & Associates, alongside partner David Rosenberg, have a specialty in so-called outer boroughs retail, along with work in the tri-state area. But with public transportation and shifting residential populations, former secondary markets have emerged as prime choices for national chains.

By Daniel GeigerNBC is close to taking as much as 250,000 s/f at 1221 Avenue of the Americas, according to several sources familiar with the major network’s real estate decision-making. The space will be used as joint offices for staff from both NBC and Comcast, the major cable provider that purchased a majority stake in NBC earlier this year for over $15 billion from General Electric. The deal comes a little more than two months after NBC signed a renewal for the roughly 1.4 million s/f it occupies at Rockefeller Center.

By Liana GreyClothing and accessories chain Fossil has nearly doubled its storefront at the base of Morgan Stanley’s headquarters at 1585 Broadway, annexing an additional 1,500 s/f of space. “They now have over 100 feet of frontage,” said Amira Yunis of Newmark Knight Frank, who represented Fossil in the deal to expand their space to 3,272 s/f. When the fashion company is finished renovating the space this summer, Yunis predicts its sales per s/f will increase. “The added frontage is great for Fossil’s presence in Times Square," she said. The shop is located across from Hershey’s and M&M World, and adjacent to Starbucks, Sunglass Hut, and the makeup chain Bare Escentuals.

By Daniel GeigerTwo financial firms are splitting the roughly 30,000 s/f 31st floor of 9 West 57th Street for big rents, according to sources. Lightyear Capital, the private equity firm founded by Donald Marron, who famously built Paine Webber into a stock brokerage powerhouse, and a separate company, Sycamore Ventures, both signed 10-year deals that start at $165 per s/f for the first five years and then rise to $170 per s/f. Lightyear will take about 17,500 s/f of the floor and Sycamore will fill the remaining 14,000 s/f.