Category : Retail

Cityʼs most expensive apartment builder buys Bronx multiplex

REW October 21, 2015 October 21, 2015

by REWOctober 21, 2015October 21, 20152565

The company responsible for building a $100 million Manhattan apartment has just bought a Bronx multiplex for $41 million. Development giant Extell has purchased the Whitestone Multiplex in the Bronx from Lightstone, according to city records filed yesterday (Tuesday). The former movie theater complex in Throggs Neck which had been...

Retail uncategorized

CBRE gets hitched to David’s Bridal

REW Staff October 16, 2015 October 16, 2015

by REW StaffOctober 16, 2015October 16, 20151768

CBRE Group, Inc. has been selected by David’s Bridal, Inc. to provide transaction management and brokerage services for the retailer’s U.S. retail portfolio. CBRE will identify, evaluate and secure retail premises, facilitate lease renewals and provide market analytics for David’s Bridal across the U.S. Steven Gartner, an executive vice president in...

Retail

SKY’s 70,000 s/f of retail space up for grabs

REW October 7, 2015 October 7, 2015

by REWOctober 7, 2015October 7, 2015873

SRS Real Estate Partners announced that it has been retained to market for lease the entire ground-floor and lower-level retail box—measuring 70,000 square feet—at The Moinian Group’s development at Sky, 605 West 42nd Street. The SRS team of Mark Kapnick, senior vice president and Patrick A. Smith, executive vice president...

Construction & Design Retail

Construction complete at Riverdale Crossing

REW October 5, 2015 October 5, 2015

by REWOctober 5, 2015October 5, 20151363

Metropolitan Realty Associates (MRA) President Joseph A. Farkas announced the completion of Riverdale Crossing, a two-building, 165,000 s/f outdoor shopping mall in the Riverdale section of the Bronx. The final phase involved construction of a 114,000 s/f building for BJ’s Wholesale Club, which just announced that it will open its...

Residential Retail

Durst signs veteran restaurateur at West 57th superblock site

REW September 30, 2015 September 30, 2015

by REWSeptember 30, 2015September 30, 20151287

The Durst Organization announced that the Livanos Restaurant Group has a signed 20-year lease for 7,000 s/f at VIA 57 WEST, the anchor building on the 57 WEST residential block. The restaurant will be in the south east corner of the building adjacent to the main lobby. VIA 57 West is Bjarke...

Retail

Winick marketing Brodsky retail

REW September 30, 2015 September 30, 2015

by REWSeptember 30, 2015September 30, 2015911

Winick Realty Group president Steven E. Baker and Charles Rapuano announced that they are bringing three new properties to market on behalf of Alexander Brodsky and the Brodsky Organization. Available for the first time in 20 years, the retail at 1424 Third Avenue formerly occupied by Natural Frontier Market consists...

Construction & Design Deals & Dealmakers Residential Retail

A mini-Meatpacking District staking a claim to Harlem

REW September 23, 2015 September 23, 2015

by REWSeptember 23, 2015September 23, 20151138

By Josh Lipton, Cushman & Wakefield New York City’s most fashionable neighborhood, the Meatpacking District, where hip restaurants, exclusive clubs, and boutiques dot the cobblestone streets, is coming to Upper Manhattan. Call it the Mini-Meatpacking District and, while still in the early stages, all the ingredients are there for the...

Retail

Joe Sitt picks up another Soho property

REW September 16, 2015 September 16, 2015

by REWSeptember 16, 2015September 16, 20151333

Joe Sitt’s Thor Equities has picked up another Soho property. The company announced this morning that it has acquired the ground floor of 31 Greene Street in SoHo. Public records note the sale price for the residential co-op was $5.2 million. Thor was represented by Robin Zendell. The seller, Steven Gold, represented...

Featured Retail

Will Macyʼs make a $4B bet on a Real Estate Investment Trust?

REW September 16, 2015 September 16, 2015

by REWSeptember 16, 2015September 16, 20151710

Macyʼs could sell its flagship Herald Square store for as much as $4 billion if it jumps on the latest trend among retailers. With New York City property prices constantly flirting with record highs, some retailers are now looking to maximize returns on their real estate assets by establishing publicly...

Deals & Dealmakers Retail

Big demand for little shopping centers

REW September 9, 2015 September 9, 2015

by REWSeptember 9, 2015September 9, 20151668

The retail real estate investment market in the Northeast has heated up in 2015, with demand for well-located shopping center properties returning to pre-recession levels. According to Levin Management’s Joseph Lowry, director of acquisitions/business development for the North Plainfield-based retail real estate services firm, this ideal investing environment has re-fueled...