By Gus Delaporte 4/04 7:30am

Lease Beat

250west57

AT&T Wireless to Open “World Store” at 250 West 57th Street

AT&T Wireless has signed a 10-year lease for 3,797 square feet on the ground floor of W&H Properties’ 250 West 57th Street. The space has been earmarked for the wireless telecommunications company’s “World Store.” Starting rent for the lease is $350 per square foot.

“There aren’t very many boxes like this, it’s a terrific configuration for [AT&T Wireless],” Anthony Malkin, president of Malkin Holdings LLC, which supervises W&H Properties, told The Commercial Observer. Read More

By Al Barbarino 3/12 5:00am

Cover Story

2012-12-07 V001 sm

Long Island City’s Renaissance

Miami native Rick Rosa stuffed a few bags with his belongings in 1999 and headed for New York City.

Though not the postcard image he envisioned, he stumbled upon the industrial waterfront neighborhood of Long Island City, where he found an affordable pad, close to Manhattan, with a yard for his dog, Benny.

“The neighborhood Read More

By Al Barbarino 12/10/12 10:56am

Lease Beat

Revolve Fitness, Union Square

Revolve Fitness Comes to Union Square

Revolve Fitness has opened its first New York City fitness facility at 52 East 13th Street in Union Square after inking a 10-year lease for the 2,500-square-foot space earlier this year.

The fitness concept, which “revolves” around classes that last up to one hour and geared towards both the beginner and cycling enthusiast, has one other location in Washington D.C., and the second location marks its first foray into New York City. Read More

By Al Barbarino 12/06/12 1:29pm

Lease Beat

A glance inside Khim's 324 Graham Avenue location (Credit: The Best New York)

Brooklyn Fixture Khim’s Millennium Market Coming to Downtown Brooklyn High-Rise

Khim’s Millennium Market – until now a fixture only in Williamsburg – has signed on to occupy the ground floor retail space at the base of Brooklyn’s tallest residential building, The Brooklyner at 111 Lawrence Street, The Commercial Observer has learned.

The organic grocery inked the deal for the roughly 7,000 square feet of space and roughly 70 feet of frontage with Equity Residential following an intensive polling and vetting process by the building manager to find the right tenant, brokers involved with the deal said. Read More

By Dan Geiger 11/29/11 8:00am

Lease Beat

Walgreens II

EXCLUSIVE: Walgreens Takes Former Borders Space in $2 Million Deal

An over 20,000 square foot retail space at 100 Broadway formerly occupied by the bookselling chain Borders has found a new taker.

Walgreens has reached a deal to lease the space for about $2 million in annual rent according to sources with knowledge of the transaction. The drug store giant will either operate its own store in the location or use the space for a Duane Reade, the New York City based pharmacy that the company purchased last year for $1.1 billion. Read More

By Guelda Voien 11/22/11 2:30pm

The Power Broker

From the Far West Side to...

Winick Realty’s Far West Side Shepherd

Steven Baker built a life, and staked his career, on the Far West Side of Manhattan at a time when the High Line still languished as an abandoned freight track and nearly every block west of Ninth Avenue included a warehouse, garage or parking lot.

While other brokers followed dollar signs in Midtown and across Madison Avenue, Mr. Baker, then a young broker living in a Ninth Avenue bachelor pad, saw potential in the dusty warehouses and loading docks he walked past in the summer of 2000.

“I knew I wanted to control the neighborhood,” recalled the 40-year-old Mr. Baker, now a managing partner at Winick Realty, who has played a leading role in transforming the area. Read More

By Laura Kusisto 6/15/11 4:59pm

Lease Beat

West Coast classic.

Red-Sauce Sushi Joint

Raw fish is a dish we generally prefer with a side of irony. Thus, in our second-favorite reason this week to mock BroBillies, the nabe is getting that snooziest of cuisines, an Asian fusion restaurant.

Indeed, the press release contains more signs of the Apocalypse than we can count. To wit: ”Fushimi offers a family-friendly, yet Read More

By Jotham Sederstrom 5/24/11 2:11pm

Power Broker

The Logician, the Compass and the Dreamer

It was less than two short weeks until the International Council of Shopping Centers summit in Las Vegas, and Lori Shabtai was mulling over floor plans the way a general might a battlefield.

Scattered indiscriminately across five Upper West Side buildings, each one of them housing national retailers like Whole Foods, T.J. Maxx and Read More