Rocco’s Tacos inked a 15-year, 14,500-square-foot deal at 339 Adams Street in Downtown Brooklyn.
A team from The Shopping Center Group represented the tenant. Ross Spitalnick was the in-house landlord representative for Muss Development. Ariel Schuster and Brian Segall of RKF also represented the landlord. Read More
The digital marketing firm DataXu signed a five-year, 8,732-square-foot lease at 373 Park Avenue South, The Commercial Observer has learned.
John Lord, a senior managing director at ATCO Brokerage Services, represented the landlord, ATCO Properties & Management. Jack Petrie, the president of Office Lease Center represented the tenant. Asking rent was $48 a foot. Read More
5W Public Relations has subleased 39,075 square feet at Minskoff Equities‘ 1166 Avenue of the Americas.
Studley Senior Managing Director L. Craig Lemle and Assistant Director Nick Zarnin represented the tenant. CBRE’s Roger Griswold represented D.E. Shaw & Co., which subleased the space. Asking rents were $46 per square foot. Read More
The food options at the Las Vegas Convention Center during RECon peak with a Nathan’s stall and mostly subsist of ubiquitous free mints doled out by booth workers.
Still, grub is on a lot of people’s minds at this retail real estate hub.
As New York’s devotion to food concepts, both national and local, threatens Read More
Chick-fil-A, the controversial fast food franchise, may be expanding in the Big Apple some time soon if retail brokers get their way.
From high-end luxury brands to regional food concepts, and, yes, Chick-fil-A, real estate professionals yesterday offered The Commercial Observer hints of deals they hope to seal before next year’s journey to Sin City. Read More
The stylish spinning studio SoulCycle broke into New York real estate through an inauspicious channel: Craigslist.
In 2006, co-founder Elizabeth Cutler was scouring available spaces on the go-to online destination for scalped tickets, used furniture and anonymous hookups. “We couldn’t get a broker to call us back,” Ms. Cutler said. “I told [co-founder]Julie [Rice], one day, people will actually call us.” Read More
In 2010, harried Manhattan office workers were hungry for new lunch options.
Food trucks were somewhat novel and all the rage. Puckish restaurateurs like David Chang (Momofuku) had dispensed with tablecloths and seatbacks and made barebones eateries the hottest tickets in town. Flea markets, with their quirky food vendors, had stormed Brooklyn and downtown Manhattan. Read More
It’s been mostly quiet on the Walmart front since plans for a Brooklyn behemoth collapsed last fall, but prominent New York brokers insist that the world’s largest retailer is in active negotiations for a spot in the five boroughs. Read More
On Sunday night at the MGM Grand Garden Arena in Las Vegas, Taylor Swift and Justin Bieber made the fans squeal and the paparazzi snap. But just off the strip, at the Las Vegas Convention Center, the real action got underway with the start of RECon. Below, The Commercial Observer’s
reconnaissance work at The Global Real Estate Convention, where 35,000 registered attendees are helping to shape the future of retail real estate.
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Dairy Queen firmly intends to break into the Manhattan market, and will come one step closer when it opens its first Long Island store early next month, DQ spokeswoman Samantha Krogfus told The Commercial Observer at RECon in Las Vegas.
While DQ did not dispense free ice cream at the Las Vegas Convention Center, and thereby avoided the spectacle of businessmen in suits lining up at the nearby Carvel station for a cup of vanilla with rainbow sprinkles on top, the company did draw curious attendees to its booth in the South Hall. Read More
Eastern Consolidated is marketing the $11.2 million sale of a package of buildings that house downtown restaurants The Harrison, Flor de Sol and Five Guys Burgers and Fries, The Commercial Observer has learned.
A Swedish investment group that owns the three properties tapped Eastern to sell the adjacent Tribeca buildings at 355 and 361 Greenwich Street. The Five Guys branch is located at 496 LaGuardia Place. Read More
Silverstein Properties has secured financing for a 926-foot, 82-story Financial District tower at 30 Park Place that will house a Four Seasons hotel and condominium.
The Children’s Investment Fund Management provided financing for the $950 million project with a $660 million loan to Silverstein and the California State Teachers’ Retirement System (CalSTRS), a co-owner. 30 Park Place will be the tallest residential building in lower Manhattan. Read More
The Sydell Group has closed on a parcel of land on sizzling Wythe Avenue in Williamsburg where a Freehand Hostel is rumored to be in the works. A Freehand Brooklyn might compete with the new-ish Wythe Hotel for guests.
Last December, Sydell paid the Rosenwach Group $10 million for three parcels on Wythe Avenue between North 9th and 10th Streets. Read More
Less than a year after mounting a successful online campaign to stay in business, the Lower East Side rock staple Cake Shop is under new ownership.
The young development and management firm Four Winds Real Estate late last month purchased for $19.1 million two multi-family buildings in prime LES territory: 152 Ludlow Street and 149-151 Essex Street. Cake Shop, which in addition to rock shows features a cafe and record store, is a ground floor tenant of the five-story 152 Ludlow Street. Read More
Two of New York’s preeminent hip-hop artists are making moves in the city’s casual restaurant scene this week.
Buffalo Boss, the organic and hormone-free wing shack that counts Jay-Z as an investor, signed a 10-year, 600-square-foot lease at, fittingly, 400 Jay Street in Downtown Brooklyn. And Questlove of The Roots and Late Night with Jimmy’s Fallon‘s house band, has partnered with blockbuster restaurateur Stephen Starr (Buddakan, Morimoto, and a slew of restaurants in his–and Questlove’s–native Philly) on Hybird, a drumstick, dumpling and cupcake purveyor that opens this Saturday at 75 Ninth Avenue in the Chelsea Market. Read More
