Retail
NYC Retail Property Changes Hands
The 8,730-foot retail building in the Jackson Heights neighborhood of Queens has a development potential of 35,000 square feet and traded for $7 million.
Viking Partners Sells Metro Detroit Power Center
Cooper Commercial Investment Group negotiated the transaction of Chesterfield Village. Tenants at the 156,000-square-foot retail asset in Macomb County, Mich., include Target, Panera Bread and Applebee’s.
Three Street Realty Sells Greenwich Village Retail Asset
Compass represented both the buyer and the seller of the Manhattan property, which includes Dunkin Donuts and Verizon among its tenants.
Artisan Ice Cream Company to Add New Locations in NYC
Van Leeuwen signed six 10-year leases, planning to occupy spaces ranging between 500 to 1,700 square feet across Manhattan and Brooklyn.
Faith Hope Consolo, NYC Retail Leader, Passes Away
The chairman of Douglas Elliman Real Estate’s retail division had an international roster of clients and was a consultant to the City of New York on the revitalization of Times Square.
Thor Equities Inks New Manhattan Retail Lease
The firm added Smile Direct Club to the tenant roster of a mixed-use asset in Harlem, alongside Insomnia Cookies, Fuel Juice Bar and Harlem Wine and Spirits.
Thor Equities Sells Retail Space in Downtown Chicago
The buyer, Jenel Management Corp., paid $26 million for the two-story shopping center which is currently leased to Verizon, T-Mobile and Blick Art Materials.
Upbeat Retail Forecast for 2018 Holiday Season
The DBRS team looked at trends in the U.S. and Canada and found encouraging signs for retailers, as shoppers plan to spend dollars at brick-and-mortar locations.
Tackling the Future of Retail Design
At ICSC’s annual New York Deal Making event, a diverse panel of industry leaders shared strategies for blending the most attractive elements of experiential retail, technology and traditional brick and mortar.
Lease Term Key for Net-Leased, Bank-Occupied Assets
Such properties, if well-located and occupied by a credit tenant, remain attractive to investors even at this point of the cycle, Avison Young reports.