With the year’s busiest shopping season all wrapped up, it’s safe to say that New York City’s retail industry had a tremendous year. This month, The Real Deal looked at the players, firms and deals at the top of the New York City retail game, in our cover story, “Ringing up the register,” now available online.
There’s also an insider look at the Syrian Jewish investors dominating the retail market — from Jeff Sutton to Joseph Sitt, and an analysis of just how much money they’re pulling in.
Former Los Angeles Dodgers owner Frank McCourt announced himself in a big way in the Manhattan real estate market this summer with a $167 million purchase on the Far West Side. In a profile, The Real Deal learns that the huge buy is only the first step in a plan to build a major portfolio in the city.
Steven Witkoff, the CEO of the Witkoff Group, is behind some of the city’s most high-profile development projects, including a retail and hotel development at 701 Seventh Avenue and a condominium conversion at 150 Charles Street. In a profile this month, The Real Deal looks at the qualities that separate Witkoff from the pack and learn about his plans for the new year.
Finally, in our Closing interview, veteran commercial broker and president of Newmark Grubb Knight Frank James Kuhn chats about growing up in Stuy-Town, his time working for the late landlord Bernard Mendik, and his mean fencing skills.
To access the issue, click here or on the Magazine tab at the top of the website.
Enjoy the issue! – Hiten Samtani