Cushman & Wakefield COO Joseph Harbert has jumped ship for Colliers International, the Seattle-based brokerage looking to raise its New York City profile, Crain’s reported. Harbert will lead Colliers’ expansion into new sectors such as retail and capital markets, and serve as president of the Eastern region. The veteran broker had also previously worked […]
Average asking rents in some New York City retail corridors have shot up by as much as 75 percent year-over-year, according to a market report released today by the Real Estate Board of New York. But overall asking rents for ground-floor retail space in Manhattan are down slightly from last year at this time. The retail hubs with the fastest growing rents ar […]
Trevi Retail had purchased a four-story, mixed-use building at 155 Bleecker Street in Greenwich Village, Crain’s reported. The 7,200-square-foot building, home to three rental apartments and popular bar The Back Fence, had been on the market for $8.4 million. The seller was Avj Aurora LLC. Trevi has been on a buying spree since it launched seven months ago, […]
JDS Development Group, the company behind the recent conversion of the Ralph Walker-designed Verizon building on West 18th Street, has purchased a majority interest in a development site formerly owned by Starwood Capital at 105 West 57th Street for $40 million, the company told The Real Deal today. The firm is planning to break ground on a new 100,000-squar […]
47 East 3rd Street at center (credit: PropertyShark) Embattled former Sen. Pedro Espada's Soundview Health Clinic is set to shutter. The undisclosed buyer of the $90M-plus One57 penthouse unit is not Russian, developer says. Following controversy of "owner occupy" provision, owners make East 3rd Street mansion home. Sisters that own two $70M-p […]
One block north of its recently sold out condominium conversion of the Fancy Basket Company warehouse in Dumbo, Alloy Development is planning a similar conversion of a circa-1900 stable and storage building at 185 Plymouth Street, Brownstoner reported. The plans must be approved by the Landmarks Preservation Commission in a meeting next Tuesday. The western […]
Italian restaurant Rucola recently opened at 190 Dean Street.From the May issue: Developer Abby Hamlin knew she was taking a risk when she bought a block of Boerum Hill properties in 2004 in a joint venture with Francis Greenburger’s Time Equities. But Hamlin, a longtime Brooklyn resident and the founder of Hamlin Equities, felt confident in her plan to buil […]
Alex RovtWhile a Russian was not responsible for the record One57 penthouse purchase, don't expect the region's influence on the city's real estate market to wane. In a video on CNBC (watch it after the jump), Alex Rovt, who recently acquired the 1 million-square-foot office tower at 14 Wall Street for $303 million in cast, and Ukraine-born re […]
In its ongoing effort to land a retail tenant for the former Takashimaya building on Fifth Avenue, Thor Equities is spending another $5 million to spruce up the six-floor space, Crain’s reported. The space has been on the market for 19 months, CoStar Group data shows. The upgrade intends to convert 2,000 square feet of lobby space into retail space and bring […]