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Fulton Maul: Culture Clash Ensues in Downtown Brooklyn
With the long-awaited Barclays Center open and new residential and mixed-use development projects popping up across Downtown Brooklyn, a retail conundrum is growing along the 17-block Fulton Mall. The...
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The Grocer’s Daughter: Winick Realty’s Lori Shabtai on Manhattan’s Evolving...
What a difference five years makes. When Winick Realty Group Executive Vice President Lori Shabtai marketed a 13,000-square-foot retail space at 459 Broadway in 2008, she hinged part of the sell on the...
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AT&T Wireless to Open “World Store” at 250 West 57th Street
AT&T Wireless has signed a 10-year lease for 3,797 square feet on the ground floor of W&H Properties’ 250 West 57th Street. The space has been earmarked for the wireless telecommunications...
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Development Projects Abound, But Boroughs Still Under-Retailed
New York City is the number one retail location in the world. Retailers from around the world flock to open flagship stores throughout the Big Apple. Apple’s store on Fifth Avenue, with its familiar...
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Nordstrom Rack to Open in Downtown Brooklyn Next Year
A 41,000-square-foot Nordstrom Rack is slated to open at United American Land’s 505 Fulton Street in spring 2014. “We want to be in the top locations across the country, so this spot at the heart of...
View ArticleBrooklyn as a Borough of Families
Institutional investors, real estate investment trusts, large national development firms—often based in Manhattan—are now quite active in Brooklyn, after years of borough-based families dominating the...
View ArticleTIAA-CREF Lends $248M Against Texas Retail Portfolio
Florida-based Global Fund Investments landed a $247.5 million loan from TIAA-CREF to refinance a 20-property retail portfolio in Texas, sources told Commercial Observer. HFF Senior Managing Director...
View ArticleSenior Brixmor Property Execs Resign Amid Scathing Accounting Review
Brixmor Property Group, the nation’s largest owner of grocery-anchored shopping malls, today announced the resignation of four officials, including its chief executive officer and president, following...
View ArticleTJ Maxx Joining Bed Bath & Beyond at Harlem Mixed-Use Development
Clothing chain TJ Maxx is the latest tenant to sign on to Aurora Capital Associates and the Adjmi family’s mixed-use development at 5 West 125th Street in Harlem. The retail giant has signed a 10-year...
View ArticleCharming. Pain in the Butt. Ripco’s Esther Bukai Knows Retail—and the Boroughs.
Just how comfy does Esther Bukai feel in her Brooklyn office? Well, now that she has her ergonomic standing desk, she wants to add an under-the-desk elliptical machine. That’s necessary for her home...
View Article$79M CMBS Loan on Nebraska Shopping Center Sent to Special Servicing
A roughly $78.6 million loan backed by the Shadow Lake Towne Center in Papillion, Neb.—just 10 miles outside of Omaha—has been sent to special servicing, according to an alert last week from Fitch...
View ArticleBlack Friday Sales Boost May Not Save Struggling Chains
Even during the worst economic downturns, Black Friday has always provided a chance at redemption for retailers: an opportunity to turn a slow year into a profitable one. Unfortunately, retail experts...
View ArticleT.J. Maxx Lands in Chichi Soho at Aurora Capital’s 483 Bway
Off-price retail chain T.J. Maxx has found new digs in prime Soho at 483 Broadway between Broome and Grand Streets, and the new store will open in late-2018, Commercial Observer has learned. T.J. Maxx...
View ArticleAre Off-Price Retailers Truly Amazon-Proof?
Broadway, between Grand and Broome, is one of the most expensive retail corridors in the city—and by extension the world. Soho, that bastion of Alexander Wang, Chanel and Burberry, has no shortage of...
View ArticleT.J. Maxx Grows on West 57th Street
T.J. Maxx is expanding on West 57th Street near Columbus Circle. The discount retailer extended its lease at 250 West 57th Street and added 19,000 square feet on the fourth floor, Empire State Realty...
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Top 5 Retail Leases of the Month: JP Morgan, TJ Maxx and More Take 64K SF in...
Retail leases, like New Yorkers hiding from inhospitable weather, kept a low profile from mid-February to mid-March. The top five leases only accounted for 64,156 square feet and ranged from a big bank...
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As Sun Sets on Sunshine Cinema, Gregory Kraut Is Ready for Its Next Iteration
Gregory Kraut, a managing partner at K Property Group, is paring down—personally and professionally. The 42-year-old has cut out animal products including eggs and dairy; he has stopped drinking and...
View ArticleKings County: Where Retail Is Still King
While some New York City retailers faced extinction last year, big retail deals were still being made, a testament to the fact that brick-and-mortar isn’t dead. Following are the five biggest retail...
View ArticleApparel Getting Squeezed in the Middle
“Apparel is rebounding,” Anjee Solanki, the national director of retail services for the U.S.A. at Colliers International, said at International Council of Shopping Centers’ New York Deal Making...
View ArticleQuickway Japanese Hibachi Expands to Falls Church, Va.
Quickway Japanese Hibachi has signed a 2,100-square-foot lease at Crossroads Place, a 346,000-square-foot shopping center in Falls Church, Va., with managing agent, Levin Management Corporation....
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