The Real Deal New York

Posts Tagged ‘scoop’

  • From left: 428 West 14th Street, Joe Sitt and Ron Burkle

    A year-end deal for billionaire grocery magnate and newbie real estate investor Ron Burkle’s Scoop building has closed for $96.44 million, according to public records filed with the city yesterday.

    The deal represents a $30 million mark up over what the California-based tycoon paid for the five-story, 61,000-square-foot building at 428 West 14th Street one year previously. Sources told The Real Deal that Burkle, who has an ownership interest in tenant Scoop, made the deal more attractive to Thor by modifying the terms of the retailer’s lease. Scoop extended its lease in one portion of the building and shortened it in another, the source said. [more]

  • From left: 430 West 14th Street, Joe Sitt of Thor Equities and Ron Burkle

    Grocery/real estate/private equity tycoon Ron Burkle has flipped his Meatpacking District property — he owns a majority  interest in the building, which houses such retailers as Scoop boutique — for close to $100 million to Joe Sitt of Thor Equities, the New York Post reported.

    Eastdil Secured’s Douglas Harmon, Adam Spies and Kevin Donner brokered the deal for the brick loft building at 430 West 14th Street, the Post said. Burkle bought it for $65 million last year, as previously reported. [more]

  • Fashion designer Zac Posen will set up shop at 874 Washington Street, between 13th and 14th streets, in the Meatpacking District this month, DNAinfo reported. Posen made the announcement on Twitter, saying “Save-the Date for the Z Spoke store opening on Aug 25th! Washington St. in NYC.”

    The retail space was formerly home to Scoop Beach clothing store. There has been no official word on where Scoop will be relocating.

    According to sources, this will be the designer’s first Z Spoke store, which features a collection that is priced lower than his regular up-market attire.

    Terms of the lease deal were not released though a recent report said that the highest-quality retail spaces in the Meatpacking District averaged as much as $400 to $500 a square foot in July. [DNAinfo][more]