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Yankelovich of GFI Realty Services closes $24 million sale: Loehmann's Seaport Plaza GFI-Loehmanns 2_opt.jpg Brooklyn, NY Erik Yankelovich, senior broker at GFI Realty Services Inc., recently closed the sale of Loehmann's Seaport Plaza located at 2101 Emmons Ave. in the Sheepshead Bay area for $24 million. This three-story retail property was sold by the Bayrock Group and purchased by a partnership of local and European investors. Josh Bernstein of Bayrock Group helped facilitate the transaction.
The retail center, anchored by Loehmanns, consists of 63,000 gross s/f of retail space and a 50,000 s/f self-serve ...
Audemars Piguet signs for new, expanded flagship at 65 East 57th St. audemars window final_opt.jpg Manhattan, NY Audemars Piguet North America, one of the world's oldest watch manufacturers still in the hands of its founding families, has completed a lease for a new, expanded U.S. flagship store at 65 East 57th St. and offices at 135 East 57th St., across from its current location at 40 East 57th St. Francois-Henry Bennahmias, president and CEO of Audemars Piguet North America, Inc., unveiled the signing of the lease for the 2,850 s/f retail space with an additional 15,000 s/f of office space on the 25th ...
Beige Book: Mass-market stores gain; sales even overall Consolo, Faith; PruDoug_opt.jpg The latest Beige Book Report, an anecdotal report prepared and released at regular intervals by the Federal Reserve, shows a general flatness in retailing across the country, but not the doomsday scenario that some prognosticators had expected. Inflation, rather than unemployment, appears to be the main hazard in most markets. Tourism remains strong and employment seems stable. Consumer confidence made a rebound in July, its first increase of the year after six months of declines. The most ...
Cohen, Frantz, Waterman and Fanuzzi of NKF lease 28,000 s/f 1400broadway_opt.jpg New York, NY Ellen Tracy is moving its headquarters to 1400 Broadway, where it will occupy the 32nd and 33rd floors, totaling more than 28,000 s/f, according to Brian Waterman, executive vice president and principal of Newmark Knight Frank, (NKF) the building's managing and leasing agent.
Ellen Tracy, which was recently bought by Fashionology Group LLC from Liz Claiborne, Inc., will relocate in the fall from 1441 Broadway. According to Women's Wear Daily, the firm does approximately $100 million in ...
Kaufthal joins Katz Props. Kaufthal, Daniel; Katz_opt.jpg New York, NY According to Katz Properties, Daniel Kaufthal has joined the firm as a principal and operating partner. Kaufthal brings several years of experience in the acquisition and redevelopment of commercial and luxury residential properties throughout the Northeast region. Most recently, as vice president of Celestial Capital Group, Kaufthal focused primarily on acquisitions of value-add office and retail properties in the New York and Connecticut metropolitan area.
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