Category : Retail

Ravenous investors eating up NYC retail

REW Staff December 4, 2013 December 4, 2013

by REW StaffDecember 4, 2013December 4, 2013597

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...

Deals & Dealmakers Featured Retail

Thor shops for more Soho space

REW Staff December 4, 2013 December 4, 2013

by REW StaffDecember 4, 2013December 4, 2013569

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.

Featured Retail

Brokers get taste of what’s cooking on retail front

REW Staff December 4, 2013 December 4, 2013

by REW StaffDecember 4, 2013December 4, 2013969

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.

Headline Retail

Downtown retail taking off

Sarah Trefethen December 4, 2013 December 4, 2013

by Sarah TrefethenDecember 4, 2013December 4, 20131068

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.

Retail

Futterman expands into Canada

REW Staff December 4, 2013 December 4, 2013

by REW StaffDecember 4, 2013December 4, 2013

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 … Continued

Featured Retail

Green, Sutton building city’s best retail portfolio

REW Staff November 21, 2013 November 21, 2013

by REW StaffNovember 21, 2013November 21, 2013894

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.

Construction & Design Retail

Day-to-night market opens in Hell’s Kitchen

REW Staff November 20, 2013 November 20, 2013

by REW StaffNovember 20, 2013November 20, 2013901

Gotham West Market, a first-of-its-kind day-to-night market opens today (Wednesday) in Hell’s Kitchen. The market offers a list of artisan vendors and restaurants who are open early and stay open late. Located at 600 11th Avenue between West 44th and 45th Streets, Gotham West Market is housed on the ground...

Retail Views

Big changes for holiday retail

REW Staff November 20, 2013 November 20, 2013

by REW StaffNovember 20, 2013November 20, 2013738

By Faith Hope Consolo, chairman Retail Sales, Leasing, Douglas Elliman Black Friday? What Black Friday? The holiday selling season is more like Black November these days. With Thanksgiving just days away, kicking off the official holiday shopping season, we’re looking at a very different retail landscape from just a few...

Retail

Hong Kong home to priciest retail

REW Staff November 20, 2013 November 20, 2013

by REW StaffNovember 20, 2013November 20, 2013761

Hong Kong’s Causeway Bay remains the world’s most expensive retail location for the second year running, according to Cushman & Wakefield’s retail research report, Main Streets Across the World. Although global retail rental growth, at 3.2%, was slightly tempered when compared to the previous 12 months (4.5%), rental values in...

Construction & Design Featured Retail

MTA taps developer for Columbus Circle subway retail concourse

REW Staff November 14, 2013 November 14, 2013

by REW StaffNovember 14, 2013November 14, 2013967

In a first-of-its-kind public/private retail venture, the Metropolitan Transportation Authority has selected Columbus Development LLC to develop and manage a high-end retail destination on the concourse of the 59th Street-Columbus Circle subway station. Shop//Stop, which will include up to 30 retailers ranging from food and beverage to apparel and technology accessories, will occupy the 27,000 s/f retail concourse and is expected to be completed in early 2015.