$100 M.! Big CMBS Deal at Barney’s Flagship
In one of the biggest commercial mortgage-backed security deals in New York during the Great Recession, the retail condominium portion of the Barney's flagship store at 660 Madison Avenue will be...
View ArticleSoHo Property and Alleged Lady Gaga Hangout Sells for $6.1 M.
A bit of economic certainty and some love from Lady Gaga apparently added more than $2 million of value to a SoHo property that just traded hands at 29 Greene Street. The commercial building, home to a...
View Article660 Madison Avenue Welcomes Trevi Health Capital
Courtesy of Cornelius' Corner Trevi Health Capital will be moving a block north in Midtown. The specialist investment firm that provides healthcare-focused alternative asset management will be...
View ArticleBarneys to Make Chelsea Return
Luxury retailer Barneys has announced plans to return to Chelsea with a 57,000-square-foot downtown flagship at the store’s original location at 101 Seventh Avenue. The new store, slated to open in...
View ArticlePrudential Real Estate Investors and Madison Capital Enter $84M JV
Madison Capital and Prudential Real Estate Investors have agreed to enter an $84 million joint venture to acquire 18,899 square feet of ground floor retail space at The Astor on the Upper West Side....
View ArticleComing Up Roseman
On an otherwise ordinary winter day last month, a group of Barneys New York executives met across the street from 101 Seventh Avenue along with Newmark Grubb Knight Frank’s Jeffrey Roseman to reflect...
View ArticleSeating, Article Helped Make Deal of Year
Peter Ripka. (Lauren Elkies Schram) A news article and a seating arrangement helped clear the way for the deal that the Real Estate Board of New York judged the most significant to the city’s real...
View ArticleThe White Whale of West 57th Street: Nordstrom appears poised for NYC
It’s the great white whale of Manhattan retail. Aside from Walmart, Nordstrom is the store every retail broker in the city dreams of harpooning and reeling into a new home. One prominent broker...
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 ArticleMuji Scoops Up Former Williams-Sonoma Space on East 59th Street
Japanese retailer Muji is on a tear through New York City. The clothing and home goods chain opened its first Brooklyn outpost in Williamsburg last week, and now it has leased space for another...
View ArticleIndustrious to Add Coworking Spaces to Macerich Malls Around US [Updated]
Industrious, a New York City-based coworking provider, has partnered with mall owner Macerich to add flexible-office spaces into some of the company’s retail spaces around the country. The first such...
View Article2019: The Year of WTF
Looking back, there were three big stories in 2019: Amazon’s big sayonara to Gotham, the implosion of WeWork, and the passage of the most sweeping rent reform in New York City history. None of these...
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