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House of Hoops Temple Coming to Herald Square
A House of Hoops—Nike and Footlocker's concept store/temple to all things basketball—will open a second New York City location at 11 West 34th Street, between Fifth and Sixth avenues, according to...
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Retail Brokers ‘Kicking and Screaming’ as Landlords Skip the Middle Man
Some commercial real estate brokers are “kicking and screaming” about the audacity of some city landlords who they claim are disregarding their “exclusives” with retailers by attempting to land tenants...
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Round 2: City Landlords Kick and Scream Back Following Allegations of Broker...
Some city landlords are kicking and screaming back after an article published in The Commercial Observer yesterday morning cited sources who allege that a new wave of city landlords are leapfrogging...
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American Eagle Joins Whole Foods in Harlem
American Eagle American Eagle will be expanding in Harlem. The preppy teen retailer has signed a deal for an 8,500-square-foot lease at 100 West 125th Street, the brand's most northern location in the...
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Power 100 Heat Map
From a Taconic Investment Partners project in Hunts Point to the World Trade Center site in Lower Manhattan, power in New York real estate circles has increasingly expanded from the comfortable...
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Purchase of Thor Equities’ 530 Bway Closes at $326M [Updated]
530 Broadway A joint venture led by Jeff Sutton's Wharton Properties has nabbed a three-building site at 530 Broadway from Joseph Sitt's Thor Equities for $326 million. The sale closed on March 6 and...
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Jeff Sutton Receives $95M Loan for Harlem Whole Foods Project
Wharton Properties has obtained a construction loan from Natixis Real Estate Capital to develop a 33,000 square foot retail property along 125th Street, Harlem’s busiest commercial thoroughfare,...
View ArticleAnother High-End Retailer to Call the Crown Building Home [Updated]
It looks like Bulgari is getting a new neighbor on Billionaires’ Row. Italian men’s apparel store Ermenegildo Zegna landed new 9,000-square-foot digs in the Crown Building at 730 Fifth Avenue, The New...
View ArticlePower 100
Last week, as we were conducting the final interviews for Power 100, we got on the phone with one of the city’s bigwigs to ask him what he had been up to over the last year. He used the opportunity to...
View ArticleSlideshow: Industry Titans Honor 2016’s Most Powerful at Park Hyatt New York
Last night, the Onyx Room of One57’s Park Hyatt New York was packed with a who’s who of New York City real estate celebrating Commercial Observer’s Power 100 (the annual New York City ranking of real...
View ArticleAmerican Eagle Outfitters Café—Landing in Times Square
Clothing and accessories retailer American Eagle Outfitters is planning to build a café that serves coffee and specialty juices in its store at 1551 Broadway between West 46th and West 47 Streets,...
View ArticleJeff Sutton, Partners Get $195M Refi for 529 Broadway in Soho
UBS and Morgan Stanley have teamed up to provide $195.3 million in financing on Soho’s nearly completed, six-story retail development at 529 Broadway on the corner of Broadway and Spring Street,...
View ArticleBig Move: Douglas Harmon, Adam Spies Leave Eastdil for Cushman & Wakefield
Mega-investment sales brokers Douglas Harmon and Adam Spies have jumped ship to Cushman & Wakefield, the brokerage announced in a brief statement. The longtime Eastdil Secured brokers are serving...
View ArticleBank of China Lends $60M Against Jeff Sutton’s 661 Eighth Avenue
A partnership led by Jeff Sutton’s Wharton Properties has nabbed a $60 million refinancing of a Times Square retail property wholly occupied by Duane Reade, sources told Commercial Observer. Bank of...
View ArticleJP Morgan, Morgan Stanley Provide $125M Refi for Jeff Sutton’s Harlem Whole...
Jeff Sutton’s Wharton Properties just bagged a big loan for the Whole Foods Market site in Harlem, sources have told Commercial Observer. J.P. Morgan Chase and Morgan Stanley originated $125 million in...
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Milk, Honey, Bonds: Despite Market Troubles, Retail Landlords Are Raising...
In a retail environment often characterized as the worst in a decade, there is still one place where retail landlords can find refuge from challenging headwinds—and where investors are willing to back...
View ArticlePower, Politics and a Martini Bar at the 10th Annual Power 100 Gala
Republican candidate for mayor, Paul Massey, kicked off Commercial Observer’s annual Power Gala event Wednesday at the Park Hyatt, celebrating the publication’s annual Power 100 and Power 50 lists,...
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Stuart Saft: Why the Brooklyn Kid Is Busy Breaking Up Buildings
Stuart Saft, head of Holland & Knight’s New York real estate practice, has seen it all in real estate. From assisting MetLife in its acquisition of American International Group’s global real...
View Article[Video] Scenes From Commercial Observer’s Power Gala
On June 14 Commercial Observer hosted its 10th Annual Power Gala to honor the most dominant players in the commercial real estate industry. Our editors interviewed a sample of these heavyweights to...
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Sutton Shells Out $15M for Daughter’s Italian Dream Wedding [Updated]
Billionaire real estate investor Jeff Sutton, the founder of Wharton Properties, is known for bringing upscale European retailers to high profile Manhattan store-fronts. But this week, the real estate...
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