The Real Deal New York

Posts Tagged ‘retail’

  • Bedford Avenue tops Brooklyn retail

    October 13, 2015 12:45PM
    Ben Fox John Banks

    From left: Cushman’s Ben Fox and John Banks

    Bedford Avenue is now Brooklyn’s version of Fifth Avenue, as far as retail prices are concerned.

    Asking rents on the trendy Williamsburg strip between Grand Street and North 12th Street were the most expensive in Brooklyn, at an average of $347 per square foot, according to the Real Estate Board of New York’s inaugural retail report for the borough. [more]

  • From left: Aby Rosen, Elliot Rabin and

    From left: Aby Rosen, Elliot Rabin and 150 East 72nd Street on the Upper East Side

    UPDATED: Aug. 27, 5:32 p.m.: Upper East Side retailer Elliot Rabin is facing another lawsuit over his much-desired retail space at 150 East 72nd Street.

    Landlord Aby Rosen’s RFR Holdings filed a lawsuit accusing Rabin, the owner of clothing boutique Peter Elliot Blue, of failing to pay $118,000 in rent for the months of April and May. In May, RFR told Rabin he was in rent default, but the bill remains unsettled, according to the lawsuit, which was filed Aug. 25. [more]

  • BergdorfMainImage

    It may look empty now, but swarms are coming!

    From Luxury Listings NYC: Retail brands are going to crazy lengths to reinvent the high-end shopping experience, but a study suggests that traditional luxury retail is safe–at least for now. According to a new study, rich people (surprise, surprise) prefer to shop in stores where they get treated like royalty as opposed to shopping online, which any pleb can do. [more]

  • From left: 1514 Broadway and a Gap store

    Talks have turned into a lease at the Bow Tie Building in Times Square, where Gap will open two new flagship stores. [more]

  • Urban outletters

    June 25, 2015 11:00AM
    A rendering of the Empire Outlets mall under construction in St. George, Staten Island.

    A rendering of the Empire Outlets mall under construction in St. George, Staten Island.

    From the June issue: For years, the city’s department stores — not to mention their landlords — have watched New Yorkers and tourists alike climb into buses, cars and trains and travel outside the five boroughs to outlet malls in the suburbs. [more]

  • sears-store-closed-11

    Sears is closing hundreds of stores around the country.

    For a long time, malls were dominated by brands like Sears, Gap, and Abercrombie & Fitch. But the tide is turning in retail.

    Big apparel brands are grappling with shoppers who increasingly want deeply discounted clothes over classic logos and status. Gap is closing one-quarter of its stores and laying off hundreds of workers after disappointing sales. J. Crew just fired 10 percent of the workers at its corporate headquarters as sales and profits continue to plunge. [more]

  • 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]

  • Bergdorf Goodman and the Mark hotel

    Bergdorf Goodman and the Mark hotel

    From Luxury Listings NYC: NYC hotels are increasing offering over-the-top luxury experiences (think $3,000 cocktails, “caviar” spa treatments and a personal butler “to tie your bowtie”). And thanks to new partnerships with high-end retailers, hotel guests no longer need to lift a finger to shop for their favorite designer brands. [more]

  • retail-bubble

    On the left: Savanna’s $86 million purchase of a Meatpacking District retail property at 10th Avenue and 14th Street. Vacancies are rising on Broadway in Soho, right.

    From the June issue: Attention-grabbing deals for large retail spaces are distracting from awareness of the fact that pockets of vacancies in some areas of the city may indicate that rents have topped out, and could be heading for a correction. [more]

  • retail winners

    From left: Mark Kapnick, Corey Zolcinski, Matt Ogle and Pat Smith of SRS Real Estate Partners; Frank Liantonio, James Downey and Eric Le Goff of Cushman & Wakefield

    The Cushman and Wakefield brokers who spent six years working to land a tenant for the Wildenstein townhouse on the Upper East Side earned themselves an award for their efforts.

    “This transaction began as a seemingly straightforward leasing assignment. Four days later, Lehman Brothers collapsed,” Ripco Real Estate’s Andrew Mandell, chair of the Real Estate Board of New York’s retail committee, explained Tuesday evening at the trade group’s annual retail award ceremony. [more]

  • The retail gold rush

    May 31, 2015 02:36PM


    From Luxury Listings NYC: A wave of Californication is washing over Soho. A spate of Los Angeles-based brands have recently opened among the cobblestoned streets south of Houston, bringing with them a laid-back outdoorsy vibe — offering playful contrasts with this most urban of NYC neighborhoods. [more]


  • Rendering of Turnstile retail corridor in Columbus Circle subway station (inset: Susan Fine)

    Rendering of Turnstile retail corridor in Columbus Circle subway station (inset: Susan Fine)

    Construction on the Turnstile underground retail concourse in Columbus Circle is set to start in the next month, with the project having secured Goldman Sachs’ Urban Investment Group as a joint-venture partner. [more]

  • Newmark Grubb Knight Frank

    From left: Howard Lutnick and James Kuhn

    Newmark Grubb Knight Frank has entered an agreement to acquire real estate firm Excess Space Retail Services for an undisclosed amount, NGKF parent company BGC Partners announced Monday.

    Excess Space provides real estate disposition, lease restructuring and lease renewal services for retailers across the country. The firm currently advises clients on 35.6 million square feet of retail space in North America and has generated roughly $4 billion in cost savings, NGKF said in a release. [more]

  • Broadway Triangle

    Broadway Triangle

    Simon Dushinsky’s Rabsky Group is proposing a housing and retail complex on a plot where three diverse neighborhoods — Bedford-Stuyvesant, Bushwick and Williamsburg —converge.

    The real estate firm is seeking permission from the city to build a series of 10-story towers with a total of 777 apartments on property straddling Wallabout Street between Union and Harrison streets. [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]

  • 2015 Data Book

    2015 Data Book

    Developers, brokers, landlords and other property professionals with a finger on the pulse of New York City real estate know a lot happened in the past year — and that the city’s first $100M apartment closing at One57 wasn’t the only transaction to recently make waves.

    As 2015 revs up to become yet another marquee year for real estate, The Real Deal celebrates the 10th anniversary of our annual Data Book — the single most comprehensive guide to the market.

    In addition to annual rankings and stats, this year’s Data Book looks at Brooklyn’s biggest brokerage firms and priciest deals, the top new development marketing firms in New York, the city’s most active developers and much more on the residential side. And on the commercial front, we include rankings for the top commercial mortgage lenders, the biggest buyers of retail space and the most valuable retail sites in the city.

    The 10th anniversary edition of the Data Book will be included in the February issue of the The Real Deal, and will also be available for digital download. Click here to subscribe, and keep an eye out for when the magazine goes live next week.

  • Rebecca Minkoff’s new flagship in Soho

    Rebecca Minkoff’s new flagship in Soho

    From Luxury Listings NYC: In November, American fashion designer Rebecca Minkoff opened her flagship store at 96 Greene Street. As expected, the boutique was filled with contemporary, flirty dresses and colorful leather bags. But, notably, the store also offers a unique shopping experience that’s enriched by a futuristic twist. [more]

  • Prime Brooklyn's top retail leases (see below for the full chart)

    Prime Brooklyn’s top retail leases (see below for the full chart)

    Grocer Whole Foods, discount clothing store Marshalls and craft retailer Michaels inked the largest leases in the Brooklyn neighborhoods closest to Manhattan last year, a review by The Real Deal found. [more]

  • Ralph Lauren launches its first NYC eatery

    December 14, 2014 09:00AM
    The Polo Bar

    The Polo Bar

    From Luxury Listings NYC: Ralph Lauren’s first New York restaurant is about to debut at 1 East 55th Street and Fifth Avenue, just a few steps away from the Midtown flagship store, which opened in September. [more]

  • Tis the season for pop-up shops

    December 13, 2014 12:00PM
    A pop-up shop

    A pop-up shop

    From Luxury Listings NYC: The holiday shopping season is in full swing, and high-end retailers the world over are looking to cash-in with New York City pop-up shops. [more]