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Events
Wednesday April 30th
Bisnow: NYC Retail Real Estate Summit
New York, NY

With the unforgiving polar vortex behind us, and consistent upticks in consumer demand dispelling market anxieties stemming from the Fed’s tapering policies, there is only one direction retail is heading. Up! The consumer is back, and retail is king. Come hear about it from the industry leaders themselves at Bisnow’s 4th Annual NY Retail Summit.

Get 20% off by using this discount code at checkout: retailmls2014

Click here to register!

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May 18-20, 2014
ICSC RECon Las Vegas
Las Vegas Convention Center

RECon is the global convention for the shopping center industry and provides networking, deal making and educational opportunities for retail real estate professionals from around the world. With over 34,000 attendees and 1,000 exhibitors it is the largest industry convention, making it an unparalleled opportunity to do a year’s worth of business in just three days! If you are looking to meet retailers to discuss new or existing leases in your centers, view the latest industry products and services that are critical to your business, attend educational sessions or find the next deal, then you need to attend RECon.

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Wednesday June 11th
ICSC: New York Program and Networking Breakfast
New York, NY

Join us and gain valuable insight into the dynamic retail environment in the outer boroughs of New York City.

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Thursday July 17th, 3-9pm
Social Retail Summit #7
Dumbo Spot, New York

Social retail is the new approach to customer relations developed by next generation omnichannel retail brands, from online community to offline sales.

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Featured Article
Press Release: Cohen Real Estate Announces $5.8 Million Sale of River Bay Plaza in Riverview, Florida
Cohen Real Estate

NEW YORK, April 22, 2014 – Cohen Real Estate (Cohen), a Manhattan-based full-service brokerage firm focused on retail properties throughout the United States, today announced the $5.8 million sale of River Bay Plaza in Riverview, Florida. The sale closed on April 11th.

Located outside Tampa and south of Brandon, Florida in Hillsborough County, the 79,288 square-foot neighborhood shopping center is anchored by Winn Dixie, which recently exercised a lease option. Sales have increased annually since Bi-Lo’s acquisition of the chain. Further draws to the center include Aaron’s signing a new ten year lease and Dollar Tree taking an option.

River Bay Plaza is on the corner of “Main and Main.” The center fronts both US Hwy 301 and Boyette Road, a major thoroughfare with high traffic counts.

Posted on April 28, 2014

Featured Article
Press Release: SL Green Expands Retail Footprint – Announces Aggreements to Acquire 2 Prime SoHo Retail Locations
SL-Green

New York, NY – April 23,, 2014 – SL Green Realty Corp. (NYSE: SLG) today announced two separate agreements to acquire prime retail condominiums located along two of SoHo’s most popular shopping corridors.

The company entered into contract to acquire the 7,200 square foot retail condominium at 121 Greene Street in Lower Manhattan. The asset is located adjacent to Ralph Lauren’s SoHo store and directly across the street from Apple’s local flagship. It is fully occupied by two retailers, both at below market rents: the boutique eyewear house, Warby Parker, and the New York based luxury womenswear and accessories designer, Proenza Schouler.

The company also announced it has entered into an agreement to acquire a 5,218 square foot retail condominium at 115 Spring Street, between Mercer and Greene streets. The grade-level and basement space, leased at below-market rents through January 2017, is occupied by Opera Gallery.

The acquisitions will add to SL Green’s expanding prime retail property portfolio, which features substantial investment interests along several of New York City’s most heavily trafficked retail corridors. The Company’s SoHo presence already includes retail assets at 131-137 Spring Street and a participating preferred investment at 530-536 Broadway.

Posted on April 23, 2014

Featured Article
Guest Blogger Michael Stoler: New York City Lacks the World’s Most Valuable Retail Brand
wmt_logo_2

New York City is the home of thousands of retailers from around the world. One retail chain which has more than 10,000 retail units in 27 countries, employing 2.2 million around the world and 1.3 million in the U.S. has been unable to open a retail location in the Big Apple. This retailer from its humble beginnings as a small discount retailer in Rogers, Arkansas is the most valuable retail brand in North America, with a brand value estimated at $131,8 billion, according to Interbrand’s, “Best Retail Brands” report is Walmart. This retail powerhouse retains an enormous margin over its closest competitor Target (who has invaded every one of the five boroughs) whose brand is put at $27.1 billion, an 8% increase over 2013. Rounding out the top five most valuable North American brands are the Home Depot ($25 billion), Amazon ($23 billion) and CVS/pharmacy (nearing $18 billion).

Posted on April 21, 2014

Featured Article
Press Release: SoulCycle to Open in FiDi at TF Cornerstone’s 2 Gold Street
soulcycle.logo

NEW YORK, NY – April 16, 2014 – SoulCycle has signed a 5,000-square-foot lease to open a new studio at TF Cornerstone’s 2 Gold Street. This will be the indoor cycling studio’s 10th location in New York City and its first in the Financial District.

SoulCycle – known for its forty-five minute, full body, indoor cycling workout, set to inspiring music and led by motivational instructors – will open at 2 Gold Street in the fall of 2014.

Posted on April 16, 2014

Featured Listing
Featured Article
Joshua Stein
Josh Stein - Retail Report

Joshua Stein is the Senior Associate in the Acquisition Group at Cedar Realty Trust, where he is responsible for sourcing, underwriting and executing new acquisitions. Cedar Realty Trust is focused on grocery anchored shopping centers from Washington DC to Boston in areas with strong demographics. Before joining Cedar, Mr. Stein was an Associate at Blackstone, where [...]

Posted on April 11, 2014

Featured Article
Top 10 Franchises of 2014 and Beyond
Screen Shot 2014-04-10 at 5.09.18 PM

Originally seen in American Business Credit.

A growing number of people are once again realizing that investing in a franchise is a good business and financial decision. However, with so many opportunities to compare and choose from, it can be a challenge to determine where to start.

Some franchises are better than others based on a variety of factors, including but not limited to:

Franchisor support
Brand recognition
Company stability
Number of years in business
Number of locations
Investment required
Rather than search through thousands of franchise opportunities, consider investing in one of the following 10. These are among the best of the best for 2014 and beyond.

Posted on April 10, 2014

Featured Article
RetailMLS Featured on The Fundrise Blog: Real Estate Expert Q&A: Ben Zises of RetailMLS
fundrise

Interview originally seen on The Fundrise Blog.

We interviewed RetailMLS founder Ben Zises on what he’s learned while starting his real estate career and why he thinks the new federal legislation around crowdfunding and fundraising will be a “game changer” for real estate.

Ben Zises: Founder & CEO, RetailMLS

Where did the idea for RetailMLS come from?

The idea for RetailMLS came to me in July 2009. I had just completed my certificate in real estate finance and investment from NYU’s real estate program and it was my first week on the job as a retail leasing broker in Manhattan. I was working at a boutique retail brokerage company, Mogull Realty. My boss handed me a stack of flyers for an empty retail space on the corner of 44th and Third Avenue that we’d been hired to lease. I was told to find a retail tenant for this storefront.

I thought to myself, “this will be easy, I’ll go online and advertise this vacancy on the (must be) retail multiple listing service that every tenant or tenant rep broker would be searching on if they were looking for a retail location in NYC.” After spending the afternoon searching for such a site, I realized it simply did not exist. Thus the seed was planted.

Posted on April 9, 2014

Featured Article
Press Release: Eastern Consolidated Exclusively Markets Prime 7th Avenue Retail Space for Lease
RetailMLS - Eastern Consolidated

NEW YORK, NY – April 8, 2014 – Eastern Consolidated has been retained as the exclusive agent to lease prime retail space at 425-427 Seventh Avenue, a well-located, two-building parcel with 39 feet of frontage across from Penn Station and Madison Square Garden, and in close proximity to Macy’s.

The property provides 2,400 square feet of prime retail space on two levels, including a full basement. Ideally suited for a single user, the two-building space is also available to individual tenants in a highly visible, 24/7 neighborhood with tremendous foot traffic, and additional branding opportunities. Both spaces have kitchens, are fully vented, and can be delivered within 30 days.
“Retail tenants have the opportunity to lease prime space in one of the world’s busiest transportation, business, and retail districts,” said Alexander Hill, Senior Director with Eastern Consolidated, who along with Associate Director Annie Meyding represents the space on an exclusive basis. “Between Madison Square Garden, Penn Station, and Macy’s alone the foot traffic is incredible.”

Posted on April 8, 2014

Featured Article
Press Release: A Healthier Pita Grill Replaces Five Guys Burger and Fries in Greenwich Village at 496 Laguardia Place
Pita Grill

NEW YORK, April 1, 2014 – James Famularo, Senior Director of the retail leasing division at Eastern Consolidated, has arranged a 12-year lease for Pita Grill in Greenwich Village at 496 LaGuardia Place between West Houston and Bleecker Streets. The quick service restaurant (QSR) will be the chain’s ninth location since it first opened a few blocks away at West 4th Street in 1994.

The 2,700-square-foot space is comprised of 1,350 square feet on the ground floor and 1,350 square feet on the lower level, which is complemented by 25 feet of frontage on LaGuardia Place.

“The demand for fast casual concepts in Greenwich Village continues to grow because of new developments, tourism and the ever increasing New York University presence,” said James Famularo, a Senior Director at Eastern Consolidated, who represented both landlord & tenant exclusively. “This area in Greenwich Village, right on the border of SoHo, receives a steady flow of foot traffic from NYU and is a popular lunch and nighttime destination.”

Posted on April 1, 2014

Featured Article
Press Release: Calling All Retail Real Estate Stars for REBNY’s Deal of the Year Awards
REBNY

NEW YORK, NY – April 1, 2014 – The Real Estate Board of New York (REBNY) is looking for the cream of the crop for this year’s coveted Retail Deal of the Year Awards, which annually recognizes the most creative and significant New York City retail deals. Submission forms are available on the REBNY website (rebny.com) and submissions are due Thursday, April 10, 2014 at 5:00 pm. The winners will be announced at the Retail Committee’s Deal of the Year Cocktail Party on Tuesday, June 10, 2014, at the 101 Club.

“Every year we are impressed by the level of creativity that REBNY members employ in negotiating deals to bring retail to neighborhoods that might be under-served or areas where these transactions just don’t seem possible,” said Peter Braus, Managing Principal for Lee & Associates NYC and chair of REBNY’s Retail Committee. “We look forward to honoring our winners in June and celebrating with all of our nominees for their contributions to New York City’s lively retail landscape.”

Posted on April 1, 2014

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