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]
It’s a man’s world, and real estate is certainly no exception. But the Association of Real Estate Women’s 35th anniversary gala last night highlighted just how far women in New York City’s real estate industry have come, with the evening’s keynote speaker — City Council Speaker Christine Quinn, who would be the city’s first female mayor — offering encouraging words to hundreds of industry women (and men) in attendance…. [more]
From left: Faith Hope Consolo, a side street in Manhattan and Robin Abrams
Landlords in Manhattan’s busier retail districts are asking sky-high rents – and getting them – but their counterparts in the less touristy corridors are finding that they have to pony up something extra to lease their spaces, brokers and building owners told The Real Deal. [more]
Joe Sitt, Jeff Sutton and Faith Hope Consolo
Commercial real estate brokers are livid that the city’s big landlords are disregarding the broker’s “exclusives” with retailers by attempting to land tenants on their own, sources told the New York Observer. Large retail owners, including Joe Sitt and Jeff Sutton, are being accused of “skipping the middle man,” which is “totally not kosher,” a president of a top city brokerage told the Commercial Observer. “It puts the retail brokers in a difficult spot and it is morally incorrect.” [more]
Faith Hope Consolo and the former BayWalk
A shopping mall in Florida’s Tampa Bay Area being marketed by New York City retail maven Faith Hope Consolo may have several new tenants, but there is some confusion as to who is really on board due to differing accounts by Consolo, the prospective tenants and the mall owner, the Tampa Bay Times reported. … [more]
From left: Mayor Koch in an undated photo and the mayor in April 2011 (Source: Mayor’s Office Flickr)
Ed Koch, who served as Mayor from 1978 to 1989, died early this morning of congestive heart failure at the age of 88. Though Koch is most closely associated with saving New York City from financial ruin, he was also a powerful force in the real estate industry. [more]
From left: Julia Bryzgalina, Susie Park, Jackie Chan-Brown, Sharon McGrail, Marc Palermo and David Wanamaker
From the January issue: The South Street Seaport had to forgo its usual stream of shopping bag–toting tourists this holiday season as it continued to recover from the devastation it suffered during Hurricane Sandy. Indeed, while the Pier 17 mall, which juts out onto the East River, has reopened, some of the businesses (along with a bunch of others in the neighborhood) remain shuttered. “For the first time, I think the South Street Seaport may really sink,” Faith Hope Consolo, chairman of Douglas Elliman’s retail group, told the Wall Street Journal in late November. This month, The Real Deal checked in with residential brokers who work in the burgeoning area — which has seen a burst of new residential development since the Fulton Street Fish Market relocated to the Bronx in 2005 — to see how sales and rentals are holding up. [more]
From left: 625 Madison Avenue, 635 Madison Avenue and 598 Madison Avenue (credit: Google Maps)
A collection of high-end retailers are in talks to shuffle retail spaces, the New York Post reported, in an effort to up their commitments to Madison Avenue. Fendi is looking to depart 677 Fifth Avenue for the 5,620-square-foot space at 598 Madison Avenue currently occupied by Mont Blanc, which has its sights set on the larger, 10,300-square-foot two-story Baccarat corner store at 625 Madison Avenue.
That transaction could be made possible by Baccarat’s negotiations for 25,000 square feet on three levels at 635 Madison Avenue, which was formerly home to a store from now-bankrupt Searle. [more]
From left: Adelaide Polsinelli, Faith Hope Consolo and MaryAnne Gilmartin (credit: Westchester Magazine)
Who are New York City’s most accomplished women real estate executives? GlobeSt names a dozen women whom the publication says fits the bill. Their list makes up a slice of Real Estate Forum’s Women of Influence, a list of 45 women in that magazine’s current issue.
The GlobeSt list includes Faith Hope Consolo, chairman of retail leasing and sales at Prudential Douglas Elliman. Just this year Consolo has brought a number of prominent international retailers, such as Cotelac, Yigal Azrouel’s Cut 25 and Muska Milano to hot retail corridors. [more]
From left: Faith Hope Consolo, Rag & Bone and Lanvin’s Madison Avenue stores
As recent retail lease deals have indicated, Madison Avenue north of East 60th Street is undergoing a resurgence. But according to the New York Times, it’s not only the classic, ultra-luxury brands that are driving the growth; downtown clothing boutiques that appeal to a younger audience are also filling up the storefronts.
In the last few months alone several Meatpacking District and Soho stalwarts, including Vince, Sandro and Yigal Azrouel have opened on Madison Avenue in the 70s. In total, nearly 50 stores have opened on Madison Avenue on the Upper East Side in the last 18 months. Meanwhile, the Times said traditional Madison Avenue brands, such as Lanvin and Chanel, have expanded their presence on the thoroughfare. [more]
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