Lease Beat

Famous Footwear Inks at Throggs Neck Shopping Center

Courtesy of SeekLogo

Famous Footwear has inked a deal for a new location in the Bronx.

The national footwear chain has signed a deal for a 5,500-square-foot store in the Throggs Neck Shopping Center located near the intersection of Lafayette Avenue, Brush Avenue, and Hutch Service Road.

“The leasing velocity we’re seeing at Throggs Neck Shopping Center demonstrates Read More

Lease Beat

Applebee’s Joins Throggs Neck Shopping Center

Courtesy of Printable Coupons

Applebee’s is set to open a new 6,640-square-foot location in the Bronx.

The casual dining restaurant, known for signature items like “riblets,” will be opening a location at the Throggs Neck Shopping Center in Ferry Point. The center, anchored by Target and junior anchored by TJ Maxx, is slated to open in March 2014 and Read More

Sales Beat

Bay Ridge Retail Portfolio Hits Market

514 86th Street

Four Brooklyn retail properties on 86th Street will be hitting the market as a single portfolio and are expected to fetch upwards of $55 million.

The properties, which are located at 420 86th Street, 502-512 86th Street, 514 86th Street and 526-528 86th Street, all in Bay Ridge, are currently owned by The Gindi family. The sale of this portfolio is being handled by Massey Knakal Realty Services.

“I can’t recall anything this sizable in Brooklyn coming to market,” said Bob Knakal, chairman of Massey Knakal. Read More

The Sit-Down

The Retailer-In-Chief: Cushman & Wakefield Chief Executive Glenn Rufrano

Glenn Rufrano

During the International Council of Shopping Centers’ RECon in Las Vegas last week, Glenn Rufrano, Cushman & Wakefield’s chief executive, was a consistent and notable presence inside his company’s busy booth on the convention floor. The Commercial Observer spotted him several times in the middle of a constant pack of brokers and retail professionals congregating at the firm’s booth, in the midst of meetings and socializing. Although top-tier executives abound at ICSC, Mr. Rufrano was perhaps the highest-profile leader from a major real estate services firm to attend the conference and participate in such a hands-on manner. The Commercial Observer spoke with Mr. Rufrano last Tuesday, the last full day of the conference, in a private meeting room in C&W’s booth to get his take on the show and his plans for the future. Read More