Lease Beat

Swedish Coffee Chain FIKA Signs Chelsea Lease

555 6th Avenue.

New York City-based, Sweden-inspired coffeehouse FIKA will open its 12th store in the city this September at 555 Avenue of the Americas in Chelsea, the Wall Street Journal reported this morning.

The chain signed a 10-year, 1,300-square-foot lease for a storefront in a Stonehenge Partners building between West 15th and West 16th Streets with an asking rent of $275 per square foot, according to a press release from the firm, which also owns a luxury residence next door. Read More

Sales Beat

Pre-War Building at 103 East 86th Street Fetches $76 Million


Ofer Yardeni and Joel Seiden of New York City-based real estate owner and building manager Stonehenge have purchased a 90,000-square-foot, 13-story apartment building at 103 East 86th Street, off Park Avenue in Carnegie Hill, for $76 million.

The sale was an off-market deal brokered by Aaron Jungreis of Rosewood Realty, who told The Commercial Observer that he thought long and hard before pinpointing a buyer. Read More

Power 100

The Commercial Observer’s Power 100 Gala, Minute by Minute, Drink for Drink

Gary Barnett, Among the Most Powerful Men in Real Estate.

Can The Commercial Observer party at its own party? You bet! The CO got down at its annual Power 100 celebration, which honors its picks for the top 100 most powerful, influential and successful real estate figures in the city. Held at the Core Club in Midtown on Monday night, the gathering featured a collection of the most distinguished owners, brokers, executives and politicians. After the jump, a minute-by-minute color commentary on the city’s most powerful human beings. Read More

RECon: Las Vegas

Swimming with Knakal: A Night in Vegas with The Commercial Observer

The Bellagio.

The International Council of Shopping Centers began to thin out notably on Tuesday, as vendors packed up their bags and folded up their booths and brokers headed out to McCarren International Airport for what we presume was a long flight home. Still, The Commercial Observer stuck around to breath in the last fumes of Las Vegas and its final call of RECon festivities, including the New York Developers Party at the Bellagio, widely considered the finale of the conference’s flurry of dealmaking and networking. Read More