The Real Deal New York

Posts Tagged ‘Commercial Real Estate’

  • H&M at 505 Fifth Avenue

    H&M at 505 Fifth Avenue

    H&M has quietly closed its 24,000-square-foot store at 505 Fifth Avenue. Now it looks like the retailer may open one of its two higher-priced brands at the location. [more]

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  • From left: Stephen Schwarzman and Janice Stanton

    From left: Stephen Schwarzman and Janice Stanton

    The total dollar amount of U.S. commercial real estate transactions are up 45 percent in the first quarter of 2015, bolstered by foreign investment.

    Sales of multiple buildings or entire companies are driving the increase, Bloomberg reported. For example, General Electric has agreed to sell its real estate holdings to Blackstone Group and Wells Fargo in a $23 billion deal. [more]

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  • The Grinnell at 800 Riverside Drive

    The Grinnell at 800 Riverside Drive

    Since delinquencies among subprime loans that had been packaged and resold on secondary markets reached fever pitch this summer, there have been tremors in not only the New York City residential real estate market, but in the thriving commercial one as well.

    The era of cheap credit has unraveled quickly, as a crackdown on risky loans has tightened standards among all lenders. The fallout has affected all parts of the New York City real estate food chain. [more]

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  • radioshack-24On February 5, RadioShack filed for bankruptcy. As part of its bankruptcy proceedings, the company is going to close a number of its stores, while others will survive as part of an agreement with Sprint to create a “store within a store.”

    In court documents posted by RadioShack, the company and its creditors detailed plans for which RadioShack stores will close and when. [more]

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  • Bed-Stuy

    Bed-Stuy

    It’s not just residential real estate that is booming in Bed-Stuy. Commercial real estate in the Brooklyn neighborhood is also having its day, according to a new report from mortgage intelligence agency Actovia. [more]

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  • Food Emporium

    Food Emporium

    The Food Emporium supermarket chain is planning to significantly downsize. [more]

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  • The Warby Parker showroom at 1290 Lexington Avenue

    The Warby Parker showroom at 1209 Lexington Avenue

    Retailers that once solely depended on clicks to drive sales are increasingly building up bricks as a supplement to their online business. [more]

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  • Peter

    CBRE’s Peter Turchin and Lower Manhattan

    Downtown appears to be shaking its third-wheel status as Manhattan’s weakest submarket for office leasing.

    According to a CBRE report, asking rents there have risen 8 percent since the beginning of 2014, surpassing gains in Midtown and the increasingly tech-friendly Midtown South. Rents continue to rise despite large chunks of space from the World Trade Center site and Brookfield Place entering the market. [more]

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  • The Real Estate Executive Sleep Out event (credit: Andrew Kelly for the NYO)

    The Real Estate Executive Sleep Out event (credit: Andrew Kelly for the NYO)

    Roughly 100 real estate executives roughed it on 41st Street and 10th Avenue Thursday night to raise awareness for a youth homeless shelter. [more]

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  • The cover of Ward's forthcoming book and Donald Trump

    The cover of Ward’s forthcoming book and Donald Trump

    A former Trump executive accused in a forthcoming book of drugging a rival to gain a leg up in a real estate deal said the story is not true. [more]

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  • Norway’s sovereign wealth fund plans to invest as much as 5 percent of its overall portfolio in the private real estate market in each of the next three years.

    Norway’s sovereign wealth fund plans to invest as much as 5 percent of its overall portfolio in real estate.

    Norway, surprisingly, now ranks second among foreign U.S. commercial real estate buyers, topped only by Canada. [more]

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  • This report includes transactions reported closed YTD through July 31, 2014. Only properties and portfolios $2.5M and greater are included. (Source: Real Capital Analytics and Transwestern)

    Transactions $2.5M+ reported closed YTD through July 31, 2014. Click to enlarge. (Source: Real Capital Analytics and Transwestern)

    Manhattan is the most expensive market for commercial real estate, both in sales price per square foot and volume, according to a new second-quarter 2014 report and graphic from Real Capital Analytics and Transwestern. [more]

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  • Art in the lobby of 915 Broadway

    Art in the lobby of 915 Broadway

    Glanzrock Realty Services is launching the next phase of its Building Art Curatorial Program, which is designed to connect artists with spaces held in real estate portfolios. Basically, BACP discovers, exposes and leases art to commercial clients for their lobby spaces with the option to buy the artwork, according to the firm. [more]

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  • KennethCreightonPeterBoritzMarisaManley

    From left: Kenneth Creighton, Peter Boritz and Marisa Manley

    UPDATED, 12:29 p.m., July 10: In commercial real estate, size does matter. But a global effort to more clearly define office building size is being seen by New York real estate players as a non-starter. [more]

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  • Are the hefty price tags on NYC's commercial properties worth it?

    NYC’s commercial properties: pricey but worth it?

    Commercial property in New York City is overpriced compared to its counterparts elsewhere in the country. But, it’s probably worth it.

    That was the conclusion drawn from a recent poll from the spring 2014 Gotham Commercial Real Estate Monitor, which surveyed New York City’s top commercial real estate professionals. [more]

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  • 050-051 Sleazy real estate se FINAL.indd

    From the May issue: The real estate industry was never known for choirboy-like behavior. Many people can share a tale of backstabbing or dirty dealing. Most times, these acts fall into an ethical gray area. [more]

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  • 154 East 23rd Street

    154 East 23rd Street

    WEEKENDEDITION With technology firms eating up space in older loft-like buildings at a rapid rate, rents in formerly affordable office spaces have been going up, making it difficult for nonprofits and arts organizations to find affordable deals.

    In the first quarter of 2014, Manhattan commercial rents rose 7 percent from the corresponding period five years ago, according to Cushman & Wakefield. Meanwhile, rents in Midtown South rose up 29 percent within the same period. [more]

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  • From the March issue: New York City real estate historically upheld a sacrosanct division — call it “church and state” — that separated residential and commercial brokerage. But these days, that divide is quickly eroding as brokers increasingly do business in both worlds. [more]

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  • From left: 140 Broadway and John Wheeler

    From left: 140 Broadway and John Wheeler

    A New York office of Jones Lang LaSalle is planning to grow its broker roster by nearly 50 percent.

    In the next 18 months, the commercial brokerage will add five people to the current 11-broker team at its lower Manhattan office at 140 Broadway. The move comes as the firm pushes to increase its market share in Lower Manhattan. [more]

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  • From left:

    From left: Adam Spies, Doug Harmon, William Shanahan and Darcy Stacom

    From the March issue: In the last year, the number of New York City buildings sold with the help of a broker shot up significantly, according to an exclusive analysis conducted by The Real Deal[more]

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