Category : Retail

New leases for Empire State Realty Trust
Deals & DealmakersRetail

New leases for Empire State Realty Trust

REW Staff
by REW Staff1384
After ending 2013 with a lawsuit, Empire State Realty Trust is starting the new year on a much more positive note. The newly-founded REIT announced several new leases in the Greater New York area. In Manhattan, data company Ipreo Holdings renewed its 48,387 square feet lease on two full floors at 1359 Broadway.  Joseph Genovesi and Joseph Messina of Studley represented Ipreo.  William Cohen, Neil Rubin and Andrew Weisz of Newmark Grubb Knight Frank represented Empire State Realty Trust, along with Ryan Kass of Empire State Realty Trust.
West Village tastes are changing
FeaturedRetail

West Village tastes are changing

REW
by REW850
Two new stores will continue to fuel the retail resurgence on Greenwich Village’s West Eighth Street. Maison Adam, a French pastry shop, and an Italian wine bar will move into spots previously occupied by food stores. Steve Rappaport, managing director at Sinvin Real Estate, leased the two 400 s/f units on opposite sides of the street for $217 psf. According to the most recent report from REBNY, average retail asking rents in the West Village are $364 psf.
Holiday markets proving to be seasonal sweet spot
HeadlineRetail

Holiday markets proving to be seasonal sweet spot

REW Staff
by REW Staff588
For small businesses looking to boost foot traffic during holiday season, holiday markets are proving to be a seasonal sweet spot. Vendors are paying up to $15,000 for a five-week run at the Union Square Holiday Market run by Urban Space, according to one stall holder. “It’s the busiest hub in the city,” said the vendor, who was selling t-shirts to holiday shoppers looking for one-of-a-kind gifts and crafts, which the market specializes in.
Deals & DealmakersRetail

Barneys returns to Chelsea space

REW Staff
by REW Staff
Barneys New York, the luxury retailer, announced that it will return to its downtown roots on 7th Avenue between 17th Street and 16th Street with … Continued
Retail

Westfield’s $800M takeover at WTC

REW Staff
by REW Staff871
The Port Authority of New York and New Jersey and the Westfield Group announced an agreement for Westfield to purchase the Port Authority’s 50% interest in the World Trade Center retail premises for $800 million. Following the acquisition, Westfield will own 100% of the retail project. “Since 2001, Westfield has...
SCG adds jeweler to Lafayette mix
Retail

SCG adds jeweler to Lafayette mix

REW Staff
by REW Staff725
SCG Retail  announced the signing of a 750 s/f store at 265 Lafayette, between Prince and Spring, at the crossroads of SoHo and NoLita for the French Jewelry retailer, Aurelie Bidermann. David Firestein and Brad Cohen of SCG Retail represented the land-lord, Lafayette St. Realty. According to Cohen, “Our goal...
Upper West Side retail condo fetches $50M
FeaturedRetail

Upper West Side retail condo fetches $50M

REW Staff
by REW Staff677
ALTO Private Investments, a lreal estate fund manager, announced an exit transaction with the sale of 200 West End Avenue, a retail condominium on the prestigious Upper West Side of Manhattan consisting of four retail units, for $50 million. ALTO purchased the property with the Klein American Group in 2011 for $31 million.
Record crowds at ICSC have everybody talking
FeaturedRetail

Record crowds at ICSC have everybody talking

REW Staff
by REW Staff748
The International Council of Shopping Centers’ annual New York National Conference at the New York Hilton and Sheraton New York kicked off this morning. Organizers expect a record-breaking attendance this year, with up to 10,000 professionals roaming the halls and hotel lobbies (a major reason, I’m sure, that this conference is moving to the Javits Center next year). I can remember years back when the New York meeting was held in Westchester in the fall – and drew an audience in the hundreds rather than the thousands.
Retail

SoulCycle, wine bar to open in Bronxville

REW Staff
by REW Staff763
Admiral Real Estate Services Corp. announced two new retailers opening in Bronxville in 2014: SoulCycle Spinning Studio and Crush Wine Bar, both on Kraft Avenue across from the Bronxville Metro North train station. Crush Wine Bar will be located at 112 Kraft Avenue, several doors down from Bronxville’s Bow Tie...