The Real Deal New York

Posts Tagged ‘alex adjmi’

  • 720 Lexington Avenue in Midtown

    720 Lexington Avenue in Midtown

    Steve Madden’s beef with landlord Cayre and partners continues after the shoe retailer filed a lawsuit this week claiming its flagship Midtown location, at 720 Lexington Avenue, is dealing with a crumbling foundation, water damage and loose and fallen brick.

    The shoe retailer alleges that deteriorating conditions at the location, which it has occupied since 2007, have forced it to vacate the building’s basement and shut down its second-floor retail space in order to accommodate inventory storage, according to documents filed Tuesday in New York State Supreme Court. [more]

  • Nearly a third of the properties in the New Jersey town of Deal are owned by New York City real estate families. Source: Deal Borough property records.

    Nearly a third of the properties in the New Jersey town of Deal are owned by New York City real estate families. Source:  TRD analysis of Deal property records.

    From the August issue: It’s no news flash in this industry that the tiny Jersey Shore hamlet of Deal is a magnet for Syrian Jewish real estate moguls. But just how much of Deal they actually own might surprise you.

    The so-called “SY” community, as Brooklyn-based Syrian Jews are sometimes called, has a near-lock on high-end property in the town. That’s especially true along the oceanfront, where a handful of powerful real estate families have set up side-by-side family compounds. [more]

  • orva-terzi

    From left: 714 Lexington Avenue, Orva logo and Jack Terzi

    UPDATED, 4:08 p.m., Mar. 12: Footwear retailer Orva Shoes inked a 13-year lease for a full building in Midtown East.

    The 6,000-square-foot property at 714 Lexington Avenue, between East 57th and East 58th streets and near Bloomingdale’s, formerly housed British beauty chain the Body Shop. Asking rent was $1 million per year when the Body Shop leased space there. Crown Acquisitions, Aurora Capital and Alex Adjmi own the four-story building. JTRE’s Jack Terzi represented Orva Shoes in the deal, while the landlords were represented in-house. [more]

  • atlantic-avenue

    From left: Renderings of 66 Boerum Place and 252 Atlantic Avenue

    Midtown Equities’ 160,000-square-foot mixed-use development is one of three new projects likely to change the face of Atlantic Avenue, especially at the corner of Boerum Place in Brooklyn, within the next year. [more]

  • 2952 Third Avenue

    2952 Third Avenue (Photo credit: PropertyShark)

    Two Manhattan investors known for their retail holdings, Bobby Cayre and Alex Adjmi, inked a contract last week to pay approximately $23.2 million for a large retail building in the Hub, the South Bronx’s main shopping district, sources familiar with the transaction told The Real Deal. [more]

  • 125th Street in Harlem

    Harlem’s 125th Street, which along with the rest of the neighborhood took a hard hit during the recession, is once again beginning to thrum with commercial activity, the New York Times reported. Two new major retail developments are underway on what has traditionally been the area’s shopping hub. The first, a four-story 100,000-square-foot shopping center at 301 West 125th Street, located at the corner of 125th Street and Frederick Douglass Boulevard, will be anchored by a 30,000-square-foot Designer Shoe Warehouse. It will also house the city’s first Joe’s Crab Shack, and a health club under Equinox’s budget brand Blink. … [more]

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  • From left: 211 West 34th Street and Dennis Riese, CEO of Riese Organization

    The Riese Organization, a retail-focused firm that specializes in budget restaurants, signed a contract this month to pay $17.5 million for a low-rise building on a bustling block of West 34th Street, the company’s owner, Dennis Riese, told The Real Deal.

    But the sale is already the subject of a lawsuit from the Adjmi family, who are partners in the ownership of the building, as well as investors in a group that was competing with Riese Organization to buy the building. The family claims their partners improperly selected a lower bid from Riese Organization to purchase the building, down the block from Macy’s. [more]

  • 215 West 34th Street rendering

    A high-profile ownership group is moving forward with plans for a 39-story, 330-room hotel on West 35th Street, the New York Post reported, and is in talks with five hotel brands to stake a flag on the property.

    The property, a former Howard Johnson between Seventh and Eighth avenues, was released back to the ownership group of Bobby Cayre, Alex Adjmi, Michael Cayre and Jack Dushey after begin “tied up” by the Metropolitan Transportation Authority, the Post said. [more]

  • 242 Bedford Avenue

    After battling out Joe Tabak to acquire a bankrupt Williamsburg development, Cayre family’s Midtown Equities closed on the property and will bring a Whole Foods to the site.

    According to the New York Post, a partnership of Michael Cayre’s Midtown Equities, Bobby Cayre’s Aurora Capital and Alex Adjmi bought 242 Bedford Avenue, at North 4th Street, from Yahuda Backer for $23 million. [more]

  • Marshalls eyes space in Williamsburg

    January 14, 2011 06:23PM
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    Joseph Cayre and 242 Bedford Avenue

    Discount clothing department store Marshalls and drugstore CVS are interested in leasing space in a troubled development site in Williamsburg, once the stalled construction project is completed, several brokers said. The national chain retailers are looking at a lower-level space at 242 Bedford Avenue, just south of North 4th Street, the brokers, who asked to remain anonymous, said. The half-built site is owned by Yehuda Backer’s Williamsburg-based Backer Group, which halted construction several years ago. Instead, the parcel has only steel shells with no current construction evident.