TRD will be covering all the highlights of this year’s ICSC REcon event in Las Vegas
Watch this space for live updates from the 2013 International Council of Shopping Centers’ RECon event in Las Vegas, on now through Wednesday. [more]
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Williamsburg
Out of the 1,345 affordable homes that the city vowed to develop on municipal land in North Brooklyn following the 2005 rezoning, only 19 have been finished, DNAinfo reported. The reason, city officials told the publication, is that the city ran into unexpected roadblocks. But local residents are calling foul.
“Some sites have presented unique challenges that we are committed to working through with the community and local leaders,” a Department of Housing Preservation and Development spokesperson told DNAinfo. [more]
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Aby Rosen and the Paramount Hotel
The 53rd birthday of developer Aby Rosen drew an array of big names in business and culture in Midtown West on Thursday night, the New York Post reported.
The Paramount Hotel at 245 West 46th Street turned into a nightclub with a DJ booth and mirrored bars. Rosen’s firm RFR Holding purchased the 19-story, 597-room hotel for $275 million from Walton Street Capital and Highgate Holdings in 2011. [more]
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BaubleBar’s Daniella Yacobovsky, 131 Greene Street in Soho
BaubleBar, an Internet jewelry retailer, plans to use short-term pop-up stores in cities around the country, including in their New York City base, as a way to test further expansion into bricks and mortar, company co-founder Daniella Yacobovsky said during a panel yesterday on the first day of the International Council of Shopping Centers’ global retail real estate convention RECon in Las Vegas. [more]
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McDonald's signs lease next to One Madison Park
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CWCapital delays increases under fire from tenants, pols
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One of two penthouses at Flank conversion gets $22M
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Rechnitz’s JSR Capital buys Madison Avenue site
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Stribling & Associates founder Elizabeth Ann Stribling-Kivlan and 384 Atlantic Avenue (Building photo via StreetEasy)
Stribling & Associates is expanding into Brooklyn, but its pick for the new office, in Boerum Hill near the Barclays Center, is somewhat unusual: a former furniture shop at 384 Atlantic Avenue, the Wall Street Journal reported.
The brokerage has opened in a neighborhood where housing prices are not soaring, a contrast to where many of its contemporaries, such as Douglas Elliman and the Corcoran Group, have set up in Brooklyn. [more]
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Orange Leaf, Lee’s Henry Goldfarb
Add another name to ever-expanding roster of self-serve frozen yogurt slingers to take on Manhattan. Orange Leaf, one of the nation’s fast-growing franchises, has two local stores, plans for three more in the borough, and an additional eight to 12 locations planned to get up and running across the city by the end of next year. [more]
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An apartment at the Time Warner Center
From the May issue: Über-high-end firms dominated the ranks of Manhattan’s top boutique brokerages this year as prices soared in the luxury market — even as firms competed for a shrinking number of available listings. With last year’s top boutique firm, CORE, now categorized as a mid-size company on The Real Deal’s annual ranking, Upper East Side brokerage Leslie J. Garfield regained its long-time berth as the No. 1 boutique firm. [more]
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From left: Andrew Roos and Michael Cohen
A five-year legal battle involving top executives from commercial firm Colliers International has been settled for $4 million, the Wall Street Journal reported.
Candace Carmel Barasch, the daughter of one of the principals at Williams Real Estate, sued Colliers’ principals including Andrew Roos, Michael Cohen and Robert Freedman in 2009, claiming that she didn’t get her fair share of proceeds stemming from the sale of the brokerage to FirstService Corp. Williams was rebranded as Colliers International after the $27 million sale. [more]
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A rendering of 432 Park Avenue
The top penthouse at Harry Macklowe’s 432 Park Avenue is in contract for $95 million, the New York Times reported. [more]
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From left: Faith Hope Consolo and Adelaide Polsinelli
Retail and other commercial real estate brokers have been busy scheduling meetings and gearing up to make deals at this year’s Las Vegas RECon, hosted by the International Council of Shopping Centers. For most, the event, which plays host to more than 1,000 developers, retailers and brokers over four days, doesn’t come cheap. [more]
