Assignments

Retail Corner Across From Harlem USA on Market

285 St. Nicholas Avenue. (PropertyShark)

Douglas Elliman’s Retail Group is marketing a 3,000-square-foot corner retail space across from Harlem USA at 285 St. Nicholas Avenue, Commercial Observer has learned.

The unit boasts 135 square feet of wraparound frontage and approximately 1,500 square feet of basement space. Asking rent for the space is $90 per square foot. Read More

Assignments

Elliman Wins Soho Retail Building Leasing Assignment

372 West Broadway.

Douglas Elliman retail pros Faith Hope Consolo and Joseph Aquino have been hired to lease the standalone Soho building that was once home to Tommy Hilfiger‘s headquarters, Commercial Observer has learned. The asking rent for the single-tenant building is $2.25 million.

The 11,520-square-foot elevator building at 372 West Broadway, at the corner of Broome Street, spans three floors and includes a lower level selling floor and a rooftop garden. There is 112 feet of frontage along West Broadway. Read More

ICSC 2014

Skincare Specialist Leases First Manhattan Store

1031 Third Avenue.

Infinite Beauty is getting ready to break into the New York City market with its first Manhattan location, Commercial Observer has learned.

“They are to skincare what Sephora is to cosmetics,” Douglas Elliman broker Faith Hope Consolo told CO on the last day of the International Council of Shopping CentersRECon. She along with colleague Joseph Aquino represented the tenant as well as the landlord, Marolda Properties, Inc., in the 1,800-square-foot lease deal at 1031 Third Avenue at the corner of 61st Street. Read More

Lease Beat

Literacy Org Moving Farther Uptown

216-218 West 135 Street.

Behind the Book, a non-profit literary organization, is moving from its digs on West 123rd Street to a two-level space at 216-218 West 135th Street come June 1.

Having signed a three-year lease, Behind the Book will be situated in the 1,650-square-foot ground level and 625-square-foot basement level at the West 135th Street building, which is between Adam Clayton Powell Jr. and Frederick Douglass Boulevards, the brokers in the transaction said. Read More

Lease Beat

Salon Inks Central Harlem Lease

2520 Frederick Douglass Blvd. (Credit:PropertyShark)

YSB Salon has signed a 10-year lease at 2520 Frederick Douglass Boulevard, between 134th and 135th Streets in Central Harlem, Commercial Observer has learned.

The lease includes 550 square feet of space on the ground floor and 450 square feet on the lower level. The tenant, a full-service hair and beauty salon, will pay rent in the mid-$80s per square foot. Read More

Five-year anniversary

Five Years Post-Stock Market Crash, How are CRE Pros Faring?

NYSE And Deutsche Boerse To Possibly Merge

This past Sunday marked the five-year anniversary of the lowest point in the stock market crash which sent everyone, including New York City’s real estate market pros, reeling. In late 2010 and early 2011, New York City essentially recovered from the economic meltdown but business hasn’t always been rosy since. Commercial Observer checked in to see how the city’s commercial real estate brokers were doing five years ago and how they are faring today.  Read More

Assignments

Douglas Elliman Tapped to Market 412 Columbus Avenue Retail Space

412 Columbus Avenue

Douglas Elliman is marketing the 1,409-square-foot retail space at 412 Columbus Avenue, Commercial Observer has learned. The firm’s leasing and sales team of Faith Hope Consolo and Joseph Aquino has been awarded the exclusive agency for the space, the duo’s third assignment on the block.

“We are redoing the entire block front,” Ms. Consolo said. “For a long time the Upper West Side was about sneakers and sweatpants. Now, it’s lululemon and lipstick.” Read More

Winter Storm

Are Winter Storms Disrupting Real Estate Business in NYC? [Updated]

Another Winter Storm Bears Down On Northeast

It has been just brutal outside, a mess of snow, sleet, rain, ice and slush requiring acrobatic skills to jump from snow mound to snow mound.

While surfaces are icy, subway service has been interrupted, states of emergency have been declared and people are cold, has the wintry mix impacted the business of real estate in New York City?

Commercial Observer checked in with some real estate folks to find out.  Read More

REBNY 2014

REBNY Considers de Blasio’s City Hall

Bill de Blasio and Bill Bratton at Mr. Bratton's appointment as police commissioner. (Photo: Spencer Platt/Getty)

With the fate of millions of dollars in tax incentives and millions of square feet of office space in the balance, the city’s real estate industry is bracing for the impact of Mayor Bill de Blasio’s cabinet appointments. But the left-leaning Democrat who won the election last fall by attacking inequality and his predecessor, Michael Bloomberg, has thus far refrained from tapping any nominees hostile to new development. Read More

Lease Beat

Jacques Torres, aka Mr. Chocolate, Opens 57th Street Branch

110 East 57th Street

Chocolatier Jacques Torres has signed an 880-square-foot lease at The Dorchester at 110 East 57th Street, The Commercial Observer has learned.

The popular sweets retailer will open a pop-up store this week in time for the holiday before closing for renovations at the end of January. This is the fifth NYC location for Jacques Torres, which also has an ice cream parlor in Dumbo. Read More