Deals & Dealmakers
Shake Shack to open another location in West Midtown
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By Sabina Mollot Shake Shack will soon be opening its 34th location in the city, having signed a 2,000 s/f, 15-year lease for a Midtown West location on
Deals & Dealmakers
City: Don’t just blame high rent
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Study reveals variety of reasons for retail vacancies By Sabina Mollot While too-high rents and competition from Amazon are often blamed for the state
Deals & Dealmakers
Kasirer seeks a happy ending for battered industry
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By Linda O’Flanagan After a summer of “greedy landlord” headlines, protests about rents, proposed commission caps, structural voids and downzoning
Featured
From FiDi to DUMBO, neighborhood names take more than letters
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By Dan Orlando BoCoCa sounds more like a place to spend spring break than a neighborhood in Brooklyn. While it may have the ring of a tropical island
Deals & Dealmakers
Vornado to pay $142M for LIC’s Center Building
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By Konrad Putzier Vornado is dishing out $142 million for the 437,000 s/f Center Building in Long Island City. According to a press statement released
Construction & Design
Hudson Yards retail gets underway with one of biggest steel orders in US history
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Hudson Yards today announced the start of vertical construction on The Shops & Restaurants at Hudson Yards, its one million square foot retail center
Deals & Dealmakers
New York Times to move 350 employees to LIC tower
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The New York Times Company, which has been expanding its workforce, will relocate 350 employees from its headquarters building at 620 Eighth Avenue in Manhattan.
Featured
Storefront data bill is good public policy
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Last month the City Council passed Intro. 1472 which will require owners to provide more information to the New York City Department of Finance about their
Deals & Dealmakers
Safehold REIT pays $620M for 425 Park ground lease
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iStar-backed Safehold Inc., is in contract to buy the land under 425 Park Avenue as part of a flurry of deals in its aggressive push into the ground lease sector.
Deals & Dealmakers
JV closes on 99-year ground lease at 136 E57th
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ABS Partners Real Estate, East End Capital and AEW have today closed on a new 99-year ground lease at 136 East 57th Street, located in Manhattan’s Plaza
Construction & Design
CODE BREAKERS: Owner fined for facade collapse that crushed cars
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The New York City Department of Buildings released its June 2019 enforcement bulletin, which provides highlights of the agency’s actions to sanction and
Deals & Dealmakers
Foot Locker walking down Broadway
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Joe Sitt Foot Locker’s SoHo store is moving to Thor Equities’s 440 Broadway, ABS Partners Real Estate announced today. ABS represented Foot