The Maitre d’ of Retail
Among the many victims of the so-called Great Recession—Bernard Madoff investors, Lehman Brothers staffers, the $6 caramel macchiato—few have seen such dramatic reversals of fortune as the city's...
View ArticleGoogle, Amazon to Set Up Brick-and-Mortar Shops in Times Square, One Broker...
Google, the store, not the search engine. Soon Times Square may be known for its iconic signage, its assortment of apparel shops like Forever 21 and American Eagle Outfitters, and, erm, Google?! The...
View ArticleAmazon and Google and Bricks and Mortar
In the nebulous realm of the World Wide Web, tech entities like Google and Amazon have the reach, the customer base and the income that have helped transform them from plucky start-ups into virtual...
View ArticleIn Times Square, Nevermind the Knick-Knacks, Here’s the National Retail Brand
When he first took the job of president of the Times Square Alliance in 2002, Tim Tompkins had heard a persistent complaint from those who worked and lived in the neighborhood: The retail options...
View ArticleRound 2: City Landlords Kick and Scream Back Following Allegations of Broker...
Some city landlords are kicking and screaming back after an article published in The Commercial Observer yesterday morning cited sources who allege that a new wave of city landlords are leapfrogging...
View ArticleREBNY Gives Retail Deal of the Year Honors to David LaPierre, Jacqueline...
Brokers who brought big name chain retailers to a pair of Jeff Sutton properties won big last night at the Real Estate Board of New York's Retail Deal of the Year Awards at 101 Park Avenue. David...
View ArticleREBNY Retail Deal of the Year Awards, Minute By Minute
About 200 retail real estate specialists gathered at 101 Park Avenue’s 101 Club last Tuesday for the Real Estate Board of New York’s 15th annual Retail Deal of the Year Awards cocktail party. Brokers...
View ArticleGlobal Chinese Jeweler Sets Record at 585 Fifth Avenue
Global Chinese jewelry company Lao Feng Xiang Jewelry has signed a long-term lease for its first North American retail store and showroom at 585 Fifth Avenue. An illustration depicts signage...
View ArticleStarbucks Leaves Grand Central for 425 Lexington
Having lost its 800-square-foot space in Grand Central Terminal’s Lexington Passage, Starbucks will be moving across the street. The coffee purveyor has signed a 15-year lease for a 1,300-square-foot...
View ArticleA Richard Experience: For CBRE’s Richard Hodos, Retail Is Changing From...
Richard Hodos went from being a high-six-figure-a-year broker prior to 2013 to a seven-figure-a-year broker with headline-grabbing deals for Microsoft and Ralph Lauren, both in 2014, as well as...
View ArticleJunior’s Restaurant Opening Second Times Square Location
This deal takes the cake. Junior’s Restaurant, the Brooklyn-born eatery known for its scrumptious cheesecakes, has swiped the former space of Pan-Asian-styled Ruby Foo’s at 1626 Broadway for its second...
View ArticleBofA Joins TD Bank at Base of Chelsea Residential Building
Banks may be going more digital and shrinking their footprints, as Commercial Observer has reported, but that doesn’t mean they aren’t opening new retail locations. CO has learned that Bank of America...
View ArticleTrader Joe’s Set to Open 19K-SF Location in Soho
Trader Joe’s has signed a roughly 19,000-square-foot lease at Stellar Management’s 233 Spring Street, the grocery store announced last week. The supermarket giant will occupy the entire ground-floor...
View ArticleBank of America Taking Four Retail Spaces on West 23rd Street
After having success with its automated teller machines at the corner of West 23rd Street and Fifth Avenue, Bank of America has leased the four spaces that comprise the remainder of the retail...
View ArticleCVS Takes 13K SF at Base of One Soho Square
Pharmacy chain CVS has inked a 13,266-square-foot deal to open a new location at the base of One Soho Square, according to the brokers and the landlord, Stellar Management. CVS signed a lease for 9,900...
View ArticleCVS Inks Lower Manhattan Lease for 2-Level Pharmacy
Ubiquitous CVS Pharmacy has leased 19,350 square feet at the Astor Building at 217 Broadway in Lower Manhattan, according to CBRE, which represented building owner Columbus Properties Inc. The pharmacy...
View ArticleCrate & Barrel to Relocate NYC Flagship to Flatiron District
Crate & Barrel will move its New York City flagship from its longtime Houston Street home to the Flatiron District. The furniture retailer inked a 10-year deal to relocate from 611 Broadway to...
View ArticleNew Balance Runs to the Upper West Side
Sneakerheads may be flocking to the Upper West Side soon. New Balance is opening a new store at 210 Columbus Avenue, taking 4,100 square feet for 10 years, according to Atlantic Retail, who brokered...
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