Take Heed, Young Jedi: Advice From the Big Guns of CRE
Nobody doubts that the brokers in this year’s young professionals edition are a smart, accomplished lot, ready to take on all challenges, with impressive records to point to. But they are still early...
View ArticleJapanese-Themed Market and Food Hall Heading to Industry City
The Land of the Rising Sun is coming to Sunset Park, Brooklyn. A Japanese-themed market resembling Eataly is planning to open next year in Industry City, the 16-building complex on the Brooklyn...
View ArticleLacoste Closes Store in Royalton Hotel on Park Avenue South
After less than eight years, Lacoste has shuttered its store on Park Avenue South in NoMad, Commercial Observer has learned. “Lacoste continues to enjoy strong sales in the U.S. market. Unfortunately...
View ArticleRetail Broker Robert Frischman, Who Founded JDF Realty, Dies of Brain Cancer
After a diagnosis about a year and a half ago, retail broker Robert Frischman has died of brain cancer, Commercial Observer has learned. The former founder and president of JDF Realty, which merged...
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Gotham Seeing Huge Influx of Retailers From Asia, and NYC Is Only the Beginning
“If I had to agree to live in one country, or even one city, for the rest of my life, never leaving it, I’d pick Tokyo in a second.” So said quintessential culinary nomad, chef extraordinaire and TV...
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SCG Retail’s Jacqueline Klinger Has the Connections to Give a Big Brand a Home
Jacqueline Klinger is working connections that date back to her freshman year at Trinity School on the Upper West Side. It was that year that she met a smart guy who wore a blue Polo button-down shirt...
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Everyone’s Talking About Omnichannel, but Who’s Doing It Right?
A couple of weeks ago, Crown Retail Services‘ Stephen Stephanou told the Real Estate Board of New York commercial brokerage retail committee that he is helping Nordstrom find a few retail spaces in...
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Life of Bryant: Bryant Park’s Transformation Into the Center of Midtown
It’s only in the last decade that landlords in Midtown could expect to sell a $6 million condominium unit across the street from Bryant Park or set office rents at more than $100 per square foot. The...
View ArticleWhole Foods Opening 60K SF Outpost at 63 Madison Avenue
Grocery chain Whole Foods Market will open a new outpost at the base of a block-wide NoMad office tower, the landlords confirmed. Whole Foods signed a lease for 60,000 square feet at 63 Madison Avenue...
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Shoppers Return to American Dream Mall — Will There Be Enough Foot Traffic?
The American Dream mall might not be as much of a nightmare as it looked last year. Triple Five Group’s 3.1 million-square-foot megamall on the side of the New Jersey Turnpike weathered nearly two...
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Commercial Observer Power Gala Attendees Strike Defiant Tone
New York’s real estate royalty hasn’t had many opportunities to hobnob since the pandemic swept across the region 18 months ago. But, few could pass up an invitation to schmooze with Silverstein...
View ArticleNew York City Food Halls Return in a Big Way
As if it were recovering from a long (in this case, two-plus years) illness, New York’s appetite is finally back. In September, New Yorkers nabbed two new food halls, in Midtown with the Singaporean...
View ArticleWest Elm Expanding Industry City Outlet to 18K SF
West Elm will branch out with an even bigger outlet store at Industry City this summer. The furniture retailer inked a 10-year deal for a 17,510-square-foot store in Building 2 of the Sunset Park,...
View ArticleBed Bath & Begone: Why Rivals Bid Big for Bankrupt Vendor’s Leases
Bed Bath & Beyond, the powerhouse big-box home goods retailer that put many of its early rivals out of business, stripped the bed of 109 of its leases, with Burlington Coat Factory set to take over...
View ArticleRite Aid’s Empty Storefronts: What Will Fill Them?
Rite Aid needs more than a Band-Aid — as does the retail space left behind by the bankrupt drugstore. Still, the imminent closure of dozens, maybe hundreds, of stores offers opportunities to landlords...
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