The Real Deal New York

Posts Tagged ‘retail’

  • Chehebars-13th-new-old

    From left: Ike and Elliott Chehebar, rendering for 4502-08 13th Avenue and 4402 13th Avenue (Photo: Google)

    The Brooklyn-based real estate firm headed by Moshe Piller — and known more for its residential holdings — paid $35.5 million for five retail properties in Borough Park from the Chehebar family’s Jackson Group. [more]

  • Retail at Chelsea Market

    Retail at Chelsea Market

    When looking for retail tenants, New York City’s landlords are increasingly thinking out of the box.

    Rather than the usual national chains, they’re looking for “a quirkier, less predictable mix of retail tenants, one that can bring more energy,” according to Crain’s. This trend comes as big landlords have millions of square feet of retail space available. [more]

  • Dr. Abdul Awan and his tiny space in Greenwich Village. (Credit: Helayne Seidman)

    Dr. Abdul Awan and his tiny space in Greenwich Village. (Credit: Helayne Seidman)

    For the past 20 years, a merchant named Bala has run a business in a triangular space in Greenwich Village barely bigger than a bed sheet. At 25 square feet, it’s the smallest occupied private lot in New York, according to the New York Post. [more]

  • Holliday-719

    SL Green Realty CEO Marc Holliday (Photo: Steve Friedman) and 719 Seventh Avenue (Photo: Google)

    A small firm that leases the entire Times Square building that powerhouse real estate investment trust SL Green Realty purchased in July for $41.1 million, is refusing to take orders from its new landlord. [more]

  • Chelsea


    From Luxury Listings NYC: It wasn’t too long ago that Chelsea was a slightly grungy neighborhood on the fringes of the city. But not anymore. As high-priced residential projects like 505 West 19th Street — where a one-bedroom is listed for $2.1 million — continue to mushroom, especially around the uber-popular High Line, old-time retailers are shuttering their stores, falling victim to the area’s changing demographics. [more]

  • From left: David Ruddick and Fulton Transit Center

    From left: David Ruddick and Fulton Transit Center

    Real estate professionals stressed the need for merchants to integrate digital strategies and on-the-ground operations at a meeting on the future of New York retail on Wednesday. [more]

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  • Sitt-220-W-57

    Joe Sitt and 218-220 West 57th Street (Photo credit: PropertyShark)

    The retail-focused Midtown investment firm Thor Equities is in contract to buy a four-story retail building across the street from Extell Development’s 1,550-foot tall skyscraper that is set to be home to the city’s first Nordstom on a rapidly transforming stretch of 57th Street. [more]

  • Urban Outfitters in Herald Square

    Urban Outfitters in Herald Square

    WEEKENDEDITION Yesterday, hipster clothing retailer Urban Outfitters opened their latest – and largest — shop in Herald Square with a new concept designed to draw online shoppers back into the brick-and-mortar store.  [more]

  • From left: 1097 Madison Avenue, Mephisto at 1089 Madison Avenue and the interior of Jonathan Adler at 1097 Madison Avenue

    From left: 1097 Madison Avenue, Mephisto at 1089 Madison Avenue and the interior of Jonathan Adler

    Looking for your favorite luxury store on Madison Avenue? Walk farther north. [more]

  • REBNY-Midtown Uptown

    Average ground-floor asking rents in Midtown and Uptown, spring 2008 to 2014, from REBNY

    Some of Manhattan’s most popular shopping districts such as Madison Avenue, Times Square and Upper Fifth Avenue are seeing record ground floor asking rents even as prices fall on the Upper East and Upper West sides, a semi-annual report from the Real Estate Board of New York shows. [more]

  • Broadway and 34th Street

    Broadway and 34th Street

    Internet savvy consumers have reshaped the retail landscape, and, in response, investors are demanding that retailers rethink their real estate strategies. [more]

  • 234 Wythe Avenue

    234 Wythe Avenue

    WEEKENDEDITION J. Crew has scored permits for the renovation of a warehouse space in Williamsburg, making a new Brooklyn outpost for the clothing retailer likely. [more]

  • From left: the intersection of Third Avenue and East 61st Street facing north and an empty Manhattan storefront

    From left: the intersection of Third Avenue and East 61st Street facing north and an empty Manhattan storefront

    WEEKENDEDITION Despite being one of the wealthiest places in the nation and a shopping mecca for millions of tourists, Manhattan still has more vacant retail space than anyone can count.  [more]

  • Rendering of PRC Group's student housing project at College of New Jersey

    Rendering of PRC Group’s student housing project at College of New Jersey

    WEEKENDEDITION The PRC Group obtained a $52.5 million construction loan for its $80 million student housing project at The College of New Jersey. [more]

  • Portelli-Glanzberg-80-Fisher

    From left: Christen Portelli, Michael Glanzberg, 80 Wooster Street and Christopher Fischer

    Soho’s escalating retail rents have led to a dust up over a retail space at 80 Wooster Street, with the irate owner of the property taking on brokers looking to sell it. [more]

  • Inside a Radio Shack concept store at 2268 Broadway

    Inside a Radio Shack concept store at 2268 Broadway

    Radio Shack is planning to shutter more than 1,000 of its U.S. stores that aren’t meeting expectations, a move that might include outlets in New York City.

    The Texas-based electronics retailer, which suffered a loss in sales in the fourth quarter of $63.3 million, did not disclose which stores would close. The company said the decision — which will see the closing of around 25% of the store’s outlets — will be based on location, demographics, lease duration and financial performance. [more]

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  • An Ann Taylor LOFT store front and 795 Columbus Avenue

    An Ann Taylor LOFT storefront and 795 Columbus Avenue

    WEEKENDEDITION Ann Taylor LOFT plans to open a new location in Columbus Square this summer, sources say. [more]

  • Rendering of Bay

    Rendering of Bay River Shopping Center in the Bronx

    Developers are taking advantage of the Bronx’s relatively low rental prices and high shopper volume by opening up more retail space. [more]

  • Will NYC’s retail boom hit the wall?

    January 23, 2014 01:20PM
    From left: Sears, Macy's and J.C. Penney department stores

    From left: Sears, Macy’s and J.C. Penney department stores

    Retail may be sizzling in New York City, but industry experts anticipating the rise of online shopping are predicting brick-and-mortar retailers will reduce the amount of square footage they lease across the U.S. in the next few years. [more]

  • loehmanns

    U.S. Bankruptcy Judge Martin Glenn and Loehmann’s at 2101 Broadway

    Bankrupt department store Loehmann’s received the go-ahead from the U.S. Bankruptcy Court in Manhattan to sell its inventory for $16.4 million. [more]


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