Joe Sitt and 440 Broadway (credit: PropertyShark)

Sport apparel retailer Foot Locker is slipping on a shiny new pair of kicks and shuffling down to Thor Equities’ 440 Broadway from 541 Broadway, Real Estate Weekly reported. The store signed a 9,000-square-foot net lease for two above-ground levels and a lower level.

ABS Partners Real Estate represented the tenant in the deal. The terms of the lease were not available. The building is located between Howard and Grand streets. [more]

A rendering of The Landing, part of Disney’s new Disney Springs development

From the South Florida site: Disney Co. has selected Thor High Street Advisors as its exclusive broker for the company’s new Disney Springs project outside Orlando, The Real Deal confirmed. [more]

Joseph Sitt and 155 Mercer Street

Thor Equities is looking to overhaul the former headquarters of the New York City Fire Department in Soho, the New York Times reported. [more]

Joseph Sitt and the Takashimaya building

Skeptics within Manhattan’s retail industry wondered if Thor Equities would achieve its aggressive asking rent at the Takashimaya Building, the 20-story commercial tower at 693 Fifth Avenue, which it acquired in 2010 for $142 million.

Two years ago, company CEO Joseph Sitt boasted that he would get at least $2,000 per square foot on the ground floor of the tower, located between 54th and 55th streets, in the heart of the city’s priciest retail district. At the time, even asking rents had barely broken that number. [more]

Joe Sitt of Thor Equities

Joe Sitt’s Thor Equities closed late last week on a residential and retail portfolio adjacent to the Barclays Center in Brooklyn for $23 million in an off-market transaction, The Real Deal has learned.

The mixed-use development, known as Atlantic Gardens, consists of 24 rental units and nine retail shops along Atlantic between Third and Fourth avenues, seller Bennat Berger of BCB Properties told TRD. BCB and Arik Lifshitz of DSA Management had purchased the assets, 525-541 Atlantic Avenue, for $10.93 million just two years before, according to city records, but Berger said the actual price was closer to $11.25 million. [more]

From left: Thor’s Joe Sitt, DelShah’s Michael Shah and the Meatpacking District

The impending arrival of the Whitney Museum in the Meatpacking District is prompting a flurry of development activity in the neighborhood, the New York Times reported. [more]

From left: Joe Sitt, 300 Livingston Street and Thomas Elghanayan

TF Cornerstone has paid Thor Equities roughly $75 million for a large parking garage and retail property in Downtown Brooklyn, which could make way for a major residential tower, Crain’s reported. Located at 300 Livingston Street, the site currently houses a 230,000-square-foot parking garage with ground floor retail space, but is zoned for a residential development of up to 600,000 square feet. [more]

Joseph Sitt

Thor Equities has sued the owner of a Soho mixed-use building, alleging that by selling the building to SL Green Realty, the owner violated an exclusive agreement with Thor, Crain’s reported.

The suit alleges that Thor was an in exclusive agreement with Willspring Holdings to purchase the 68,342-square-foot office and retail building, located at 131-137 Spring Street. In December, however, Willspring agreed to sell the building to a partnership of SL Green and frequent collaborator Jeff Sutton for $122 million, as The Real Deal previously reported.  [more]

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]

Joe Siit and Fifth Avenue Tower (Building image c/o CityRealty)

Thor Equities won a temporary restraining order against Fifth Avenue Tower. The order, issued late Wednesday, blocks the condominium board at the 33-story apartment building from taking down Thor’s signs from the retail space that it owns at the property. [more]