The Real Deal New York

Posts Tagged ‘retail’

  • 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]

    1 Comment
  • 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]

    1 Comment
  • 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]

    1 Comment
  • 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]

  • The Archive at 666 Greenwich Street

    West Village supermarket staple D’Agostino is in danger of losing the lease to its Greenwich Street space after a paperwork mix-up caused by Hurricane Sandy. The shop has been housed at 666 Greenwich Street since 1987, and the owners thought that they would still be there through 2018, until the building’s landlord, Rockrose, sent word that their lease would not be renewed. [more]

    1 Comment
  • From left, The Chocolate Room, Barclays Center

    From left: the Chocolate Room, Barclays Center

    Landlords of retail spaces within a half-mile radius of the Barclays Center have begun to significantly increase rents. [more]

  • From left: Hong Kong's Tsim Sha Tsui shopping district and 767 Fifth Avenue

    From left: Hong Kong’s Tsim Sha Tsui shopping district and 767 Fifth Avenue

    That setting up shop along prime Fifth Avenue requires deep pockets is no secret, but the glittering Manhattan strip remains a relative bargain compared to Hong Kong, Crain’s reported. [more]

  • 57 Orchard Street

    57 Orchard Street

    Orchard Street on the border of Chinatown and the Lower East Side has seen something of a rebirth of late, the Wall Street Journal reported. [more]

  • McCarren Park Pool and the Barclays Center

    McCarren Park Pool and the Barclays Center

    Brooklyn’s Barclays Center is rocking the surrounding neighborhoods with massive change, but the McCarren Park Pool renovation on the edge of Williamsburg and Greenpoint is Brooklyn’s most transformative project on area property values, Crain’s reported. [more]

  • Causeway Bay in Hong Kong

    Hong Kong is hanging on to its lead over New York City as home to the priciest retail space in the world, according to a report from CBRE Group cited by Reuters.

    The flashy shopping hub has 50 percent higher retail rent than similar districts, including Manhattan’s most expensive retail stretch, Fifth Avenue from 49th to 59th streets. In high-end shopping areas in Hong Kong, the city averaged $4,328 per square foot.New York took second place among the most expensive global retail markets, with its prime rents averaging $2,970 per square foot, Reuters said. [more]

    1 Comment
  • From left: Soho retail and Peter Brant

    A retail rent in Soho has topped $1,000 per square foot, a new benchmark for Downtown, Crain’s reported. [more]

  • Times Square

    Retail rents for Times Square are starting to give Fifth Avenue a run for its money, according to Crain’s. Rates in the tourist hub reached as much as $2,400 a square foot in the fourth quarter of last year, a 42 percent increase from 2011′s final three months. Last month, the Sunglass Hut inked a deal with Vornado Realty Trust for 1540 Broadway, between 45th and 46th streets,  at $2,025 a square foot. [more]