The Real Deal New York

Category: ICSC

  • From left: Greg Delks, Ever Santana and John Namey of Firehouse Subs, and a rendering of the WTC retail space

    A 19-year-old Florida sandwich chain is on a national expansion drive and plans to open 60 stores in New York City over the next 10 years, potentially including one at the under-construction retail mall at the World Trade Center. [more]

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  • From left: Chase Welles of SCG Retail, Chris Pine of General Growth Properties

    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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  • Paul Massey and Bob Knakal of Massey Knakal

    Industry movers and shakers were out in force at several parties Sunday and Monday nights for the International Council of Shopping Centers’ annual ReCon event in Las Vegas. See full story and photos after the jump.

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  • Victoria’s Secret CEO Lori Greeley and 2 Herald Square

    UPDATED, 7:50 p.m., May 21: Lingerie retailer Victoria’s Secret inked a 60,000-square-foot lease to take two additional floors above its flagship retail location in Herald Square to use as offices, training space and storage.

    The store, a division of the Ohio-based public company Limited Brands, signed a lease during the first quarter of 2013 for floors four and five at 2 Herald Square, a 380,000-square-foot office and retail building at the corner of Broadway and 34th Street, owned by Sitt Asset Management, David Sitt, a principal with the firm, told The Real Deal. [more]

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    From left: Newmark Grubb Knight Frank’s Marc Frankel and James Kuhn, Fred Posniak of Malkin Properties and Eva Santiago of Newmark Grubb Knight Frank

    With music thumping, alcohol flowing and choice cuts of steak tempting guests, the Newmark Knight Grubb Frank bash last night at the Marquee at the Cosmopolitan nightclub was one of the more festive of the parties surrounding the annual ICSC’s RECon in Las Vegas. See the photos after the jump…. [more]

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  • From left: Madison’s Josh Zegen and 143-159 Classon Avenue

    A New Jersey-based investor is slated to bring a 37-unit condominium development to the Clinton Hill area of Brooklyn after buying a nearly complete property out of bankruptcy, The Real Deal has learned.

    Commercial real estate investment firm Madison Realty Capital is providing $13 million in financing for the New Jersey buyer’s purchase of a defaulted note on a property at 143-159 Classon Avenue, which was previously held by Community Preservation Corporation and had an outstanding balance of around $17 million, Madison co-founder Josh Zegen told The Real Deal today at the International Council of Shopping Centers’ annual RECon retail conference. [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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  • 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]

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  • TRD will be covering all the highlights of this year’s ICSC REcon event in Las Vegas

    The International Council of Shopping Centers’ RECon event kicks off on Sunday, and The Real Deal will be on hand to cover all the panels, parties, networking and, most importantly, dealmaking that are the hallmarks of the annual global retail convention. [more]

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  • TRD’s essential ICSC guide

    May 17, 2013 10:30AM

    Central Hall at ICSC in 2011

    From the May issue: More than 33,000 real estate professionals are expected to descend on Las Vegas this month for commercial real estate’s largest conference, the International Council of Shopping Centers’ RECon Las Vegas.

    The conference, which takes place in a 1 million-square-foot space in the Las Vegas Convention Center, provides unparalleled networking and deal-making opportunities, brokers said, and is especially helpful for connecting with retailers who aren’t yet in New York. [more]

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  • Click for larger view

    From the May issue: Call them the in-betweeners. They’re too small for the top firms list and too big for the boutiques. They’re New York City’s mid-size residential firms. And for the first time this year, The Real Deal compiled a list ranking these firms by dollar volume of listings. [more]

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  • From left: Macerich CEO Art Coppola and Roosevelt Field mall on Long Island

    In perhaps the latest sign that retail malls are going the way of the dinosaur, industry executives said a prediction that 10 percent of all U.S. malls would be gone in the next decade was too conservative, according to the Wall Street Journal.

    Earlier this year, real estate research firm Green Street Advisors said it believed about 100 of the nation’s 1,000 large enclosed malls would be torn down or converted for another use (note: clarification appended). At the International Council of Shopping Centers, industry executives told the Journal that prediction was probably too low. [more]

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  • Edward Hogan, national director of retail leasing at Brookfield Office Properties, speaking at an ICSC panel yesterday

    Brick-and-mortar stores have been under direct pressure for years from web-based competitors like Amazon. Now it’s the landlord who is wrestling with competition from the web.

    New in-store price-comparison smart-phone applications — which allow customers to compare prices and buy products as they walk the aisles of stores like Home Depot and Walmart — are forcing both tenants and landlords to adapt, real estate executives speaking at a panel Monday at the International Council of Shopping Centers’ RECon, in Las Vegas, said. [more]

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  • ICSC kicks off

    May 21, 2012 11:30AM

    From left: Chase Welles, a partner with SCG Retail, and David Birnbrey, chairman of the Shopping Center Group, at a party Sunday; Holly Cohen, senior vice president of real estate planning at J.Crew, and Glenn Rufrano, CEO of Cushman & Wakefield, at a panel on Sunday; and Prudential Douglas Elliman’s Faith Hope Consolo, chairman of retail leasing and sales, at a panel on Sunday.

    The International Council of Shopping Centers’ annual global retail convention, RECon, held in Las Vegas each May, kicked off Sunday with several speeches by headliners such as author Malcolm Gladwell. In addition, thousands of attendees visited the business services booths and a dozen special interest group panels, including several with New York brokers and executives. The main landlord and broker floors are set to open today. [more]

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  • From left: Wharton Properties' Jeff Sutton, Thor Equities' Joe Sitt, Cushman's Joanne Podell and Newmark's Jeffrey Roseman

    The city’s top retail landlords and brokers are making final tweaks to their appointment schedule and ironing out which parties and dinners they will attend, just two days before the official start of the world’s largest retail trade show, the International Council of Shopping Centers’ RECon in Las Vegas. The conference website shows major real estate players plan to attend, such as Jeff Sutton, president of Wharton Properties; Joseph Sitt, CEO of Thor Equities; Michael Fascitelli, CEO of Vornado Realty Trust; and Glenn Rufrano, CEO of Cushman & Wakefield. [more]

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