The Real Deal New York

Posts Tagged ‘retail’

  • 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]

  • 2101-Broadway-Google

    2101 Broadway (Photo credit: Google)

    The Midtown-based investment company Madison Capital purchased scores of unexpired leases formerly held by the bankrupt department store Loehmann’s, including a large lease on the Upper West Side, court records show. [more]

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  • 1094-1112 Madison Avenue and

    1094-1112 Madison Avenue and offerings at Roundabout Couture’s 31 East 72nd Street location

    Luxury consignment retailer Roundabout Couture has inked a deal for a third Manhattan location. The new digs at 1100 Madison Avenue, between 82nd and 83rd streets, will be the clothier’s fifth store. [more]

  • From left: 475 Fifth Avenue, 701 Seventh Avenue and 1333 Broadway

    From left: 475 Fifth Avenue, 701 Seventh Avenue and 1333 Broadway

    As retail rents continue their skyward climb along Fifth Avenue north of 49th Street, shop owners are becoming increasingly willing to pursue space in far-flung areas, brokers said. [more]

  • Lemma-Abehsera-130-King

    From left: Aaron Lemma, Asher Abehsera, 130 Third Street (Credit: Google) and Tim King

    The Midtown-based investment and development firm LIVWRK has inked its second deal in as many weeks to purchase an industrial property on a two-block stretch of Gowanus, company CEO Asher Abehsera told The Real Deal. Like the first, this one is slated for redevelopment into retail and office space. [more]

  • From left: Faith Hope Consolo,

    From left: Faith Hope Consolo, 1142 Madison Avenue and 1088 Madison Avenue

    Two high-end retail expanses on Madison Avenue — in Carnegie Hill and from East 59th to East 79th streets — are slowly encroaching on a relatively sleepy stretch of the boulevard, long the stomping grounds of delis and dry cleaners. [more]

  • Sutton-Armani-717-Schwarzman

    From left: Jeff Sutton, Armani store, 717 Fifth Avenue (Photo: CoStar Group) and Blackstone’s Steven Schwarzman

    Private equity juggernaut the Blackstone Group is reportedly shopping the office portion of its tower at 717 Fifth Avenue, for a sum that sources pegged at $370 million. But the 26-story tower, divided into three condominiums, comes with an unusual property tax situation that reduces the value of the stake, insiders said. [more]