155 Bleecker Street

Trevi Retail had purchased a four-story, mixed-use building at 155 Bleecker Street in Greenwich Village, Crain’s reported. The 7,200-square-foot building, home to three rental apartments and popular bar The Back Fence, had been on the market for $8.4 million. The seller was Avj Aurora LLC. Trevi has been on a buying spree since it launched seven months ago, purchasing 304 Bleecker Street for $5.8 million and 22 West 13th Street for $4.83 million. [more]

There were no surprises in the Manhattan commercial real estate market
in the first quarter of this year, according to Mark Jaccom, CEO of
FirstService Williams. The market continued to decline, with the
availability rate rising to 12 percent, up from 10.9 percent at the end
of the fourth quarter of 2008, according to a first-quarter report from
the commercial real estate firm released today. “Large financial institutions that are major users of space in the city
had earlier announced both employment reductions and goals to utilize
less space per employee,” so the higher availability rate isn’t
unexpected, Jaccom said. TRD [more]