Category : Retail

Rise of commercial co-ops: High risk, high reward
LawsuitsRetail

Rise of commercial co-ops: High risk, high reward

REW
by REW1589
By Rab N. Nalavala, Special Counsel, and Matthew S. Schneid, Associate, Cole Schotz P.C. $140 million, $86 million, $42 million * — are these purchase prices for entire buildings? No, quite the contrary, these are the reported prices for retail co-op units under contract or sold in the past year....
Shake Shack signs long-term lease for Connecticut space
Retail

Shake Shack signs long-term lease for Connecticut space

REW
by REW1253
Newmark Grubb Knight Frank (NGKF) secured a 15 year lease with the iconic chain restaurant, Shake Shack, at 1340 Boston Post Road in Darien, Connecticut. NGKF Retail’s Jessica Curtis, senior managing director, and Nick Marona, director, represented the landlord at the location formerly occupied by Chuck’s Steakhouse for over 40...
Retail

Italian restaurant Fortina signs on at Yonkers center

REW
by REW1934
Simone Development Companies announced that Fortina is coming to the Boyce Thompson Center, the new mixed-use center under construction in Northwest Yonkers. Fortina, which has restaurants in Armonk, Rye Brook and recently opened in Stamford, has signed a lease for 5,605 s/f of space on the main level of the...
Retail

Feil repositions Concourse Plaza, welcomes four new retailers

REW
by REW2760
Modell’s, Kidstown, American Stenographic, and Rainbow Stores have leased space at Concourse Plaza as part of the rejuvenation of the 25-year-old Bronx mixed-use landmark, announced The Feil Organization, the complex’s owner and manager. Terms were not disclosed. Modell’s now occupies 15,000 s/f of retail, and Kidstown now occupies 13,111 s/f...
Retail

American shoppers brace for big Thanksgiving spending spree

REW
by REW1552
The 2015 International Council of Shopping Centers (ICSC) Black Friday Shopping Study shows more than 7 in 10 Americans (71 percent) are planning to make holiday purchases over the Thanksgiving holiday period. Furthermore, 59 percent plan to make a purchase at a physical store over the weekend (Thursday-Sunday). Surprisingly, Cyber...
Deals & DealmakersRetail

French restaurant Artisanal Fromagerie Bistro to open in NoMad

REW
by REW1732
TF Cornerstone announced the signing of a long-term, 11,000 s/f retail lease with Artisanal Fromagerie Bistro, one of New York City’s top-rated French restaurants, at its 387 Park Avenue South. The new transaction completes Winick Realty Group’s leasing efforts, on behalf of TF Cornerstone, for the retail portion of the...
Pilates studio Wundabar coming to SoHo
Deals & DealmakersRetail

Pilates studio Wundabar coming to SoHo

REW
by REW1242
Eastern Consolidated’s Retail Leasing Division has arranged a five-year, 1,080 s/f lease at 21 Thompson Street in SoHo for WundaBar, a pilates studio founded by Amy Jordan, LA’s hottest celebrity trainer. Jordan is opening her first WundaBar studio in New York City early next year after dominating Southern California in...
Deals & DealmakersRetail

Cohen strikes dream deal with Saks Fifth Avenue OFF 5th

REW
by REW1138
After years of turning down offers that he viewed as “not the right fit” for the prized retail space at 135 East 57th Street, Charles Cohen has landed the tenant of his dreams. Saks Fifth Avenue OFF 5th has signed a 16-year lease for the entire 56,000 s/f space, which comprises...
Retail

Report: E-commerce shaping future of global logistics sector

REW
by REW1150
Colliers International just issued “From First Mile to Last Mile,” a global logistics report examining the primary factors that will impact the global pattern of warehousing and logistics over the next generation, as well as the elements already shifting global trade flows and retail formats. “Our analysis finds that e-commerce...
Sitt doubles his money on Fifth Ave. retail condo
Deals & DealmakersRetail

Sitt doubles his money on Fifth Ave. retail condo

REW
by REW1334
Thor Equities has signed an agreement to sell the retail condo at 445 Fifth Avenue in Midtown Manhattan to Harbor Group International for $68 million, company executives announced today. The development firm led by Joseph Sitt acquired the 20,000 s/f retail space at  39th Street for $32.5 million in 2011. “We continue to...