Battle rages for $100M settlement to Valentino’s Fifth Ave. landlord
A $100 million settlement was not enough to settle all of the differences at a Fifth Avenue retail property....
Retail Real Estate
The Latest
Manhattan lawmakers pitch 3-year pause of commercial rent tax
As New York City’s economy recovers from the pandemic, a trio of Manhattan lawmakers is pushing to suspend their...
Skydiver lands first NYC location in Long Island City
A forthcoming commercial development project from Vorea Group in Long Island City will be home to iFLY’s first indoor...
National
Day 2 of ICSC: Retailers button up to network, prep for uncertain future
After partying the day away Sunday, retailers at ICSC Las Vegas swapped their swimsuits for business suits as they...
National
“Hot girl real estate” reigns at ICSC, Covid be damned
Storefront leasing is still recovering but the vibes at the world’s biggest retail conference reveal a Covid-blind optimism is...
Tri-State
Sandwich chain Jersey Mike’s expanding in NY
A Jersey Mike’s Long Island outpost could have more than the aroma of fresh-baked bread swirling in the air....
National
Macy’s embracing smaller stores in department store shuffle
Macy’s is using fewer square feet to embark on a big change to its retail strategy. The department store...
The sin I live in: Times Square looks to Las Vegas for inspiration
As Times Square plots its post-pandemic future, the tourism and entertainment hub is taking a page out of Sin...
Terzi owes $58M and counting on Midtown SoulCycle building: suit
Yet another creditor is coming after retail landlord Jack Terzi. Wells Fargo is moving to foreclose on Terzi’s three-story...
Joe Sitt loses West Side retail space to foreclosure
In the latest sign of how far retail values have fallen, Joe Sitt’s Thor Equities lost a commercial condo...