Flatbush flagship ripe for the picking, says Winick
Winick Realty Group announced that Capstone Equities has selected the firm to market more than 14,000 s/f of retail at One Flatbush Avenue in Brooklyn.
Category : Retail
RETAIL BRIEFS
Christian Siriano ● sl green Urban Outfitters on Broadway SL Green Realty Corp announced retail leases with Urban Outfitters and TD Bank at 180 Broadway, … Continued
Walmart still has little dreams for New York
By Holly Dutton The world’s biggest retailer hasn’t given up on New York City as a store destination. Speaking at a Counselors of Real Estate (CRE) mid-year meeting in the city on Monday, George Kinnard, vice president of Realty at Walmart, listed a series of successful company concepts, including mini college campus Walmart's and so-called “express” stores in suburban shopping centers that could be adapted to suit the city . “They want to be here,” said Faith Hope Consolo, chair of the Retail Group at Douglas Elliman, who also took part in the CRE event. “They know they can offer good products at the right price points.” The company has been optimistic that a smaller version of its mega-stores could fare better in a city like New York where there has been huge opposition to a traditional Walmart.
Thor showing a sweet spot for Soho shops
Thor Equities added another SoHo property to its holdings in the premier fashion and retail corridor. Company executives confirmed the acquisition of the historic building at 155 Mercer Street.
Winick tapped to lease for Daffy’s space on Columbus Circle
SL Green Realty Corp. and The Moinian Group have appointed the Winick Realty Group team of CEO Jeff Winick and directors Kelly Gedinsky and Michael Gleicher to exclusively market the former Daffy’s location at 3 Columbus Circle. The multi-level retail site is situated in the center of the 57th Street corridor, in close proximity to the new Nordstrom location that is set to open in 2018.
Infinity closes on off-market Soho purchase
Infinity Real Estate LLC, a unit of the Infinity Group, has purchased 158 Wooster Street, a 3,932 s/f corner retai space located in SoHo. The property was acquired off-market for $8.7 million and required Infinity to close the purchase as an all-cash transaction in under 30 days.
Winick wins shopping trifecta
TF Cornerstone has tapped Winick Realty Group to market a trio of properties around Manhattan. President Steven E. Baker will spearhead the leasing efforts for all three storefronts. Baker and executive vice president Kenneth Hochhauser are currently marketing a FiDi corner formerly occupied by Pret a Manger.
Echo boomers have retailers thinking out of the box
The growth of e-commerce combined with the consumption habits of echo boomers — the children of baby boomers — will spur the growth of multi-channel retail strategies, according to a new report from CBRE Group, Inc. While the growth of these strategies poses challenges for traditional brick-and-mortal retailing models, it also provides numerous opportunities for retail that will impact real estate markets.
City Connections makes retail move
City Connections Realty, a commercial and residential real estate agency led by David Schlamm, has hired Steve Asch as its director of leasing. His responsibilities will include managing and growing the retail leasing division by mentoring retail brokers currently at the firm and recruiting others, as well as consulting for both tenants and landlords. Asch comes to CCR with over 35 years of retail leasing experience starting at Garrick-Aug after which he co-founded New Spectrum, a retail brokerage powerhouse, in the 1980s.
Seeking winning retail deals
The nomination forms are out for The Real Estate Board of New York (REBNY)’s coveted Retail Deal of the Year Awards