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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 Relese: NYC’s Hot Shopping Corridors See Spring Spikes for Retail Rents
REBNY

NEW YORK, NY – May 12, 2014 – Strong consumer demand and a tourism boom in New York City led to rising retail rents along Manhattan’s most coveted shopping corridors this spring, according toThe Real Estate Board of New York’s (REBNY’s) Spring Retail Report. Fifth Avenue between 49th and 59th streets had the highest average ground floor asking rent among all primary shopping corridors citywide and set a new record at $3,550 per square foot, with rents increasing 16 percent compared to last year. The Times Square retail corridor also reached a new high with average ground floor asking rents climbing 11 percent over last year to $2,407 per square foot.

Other primary shopping corridors with significant ground floor asking rent increases this spring include:

Madison Avenue between 57th and 72nd streets where asking rents surged 24 percent to $1,643 per square foot after a period of store repositioning in that corridor.
Herald Square along West 34th Street, where rents increased 22 percent from last year to $883 per square foot.
Broadway in SoHo between Houston and Broome with average asking rents increasing 19 percent to $890 per square foot.

Posted on May 12, 2014

Featured Article
Guest Blogger Michael Stoler: Nordstrom Growing Their Presence in the Market
Michael Stoler

Over the past few years discount shoppers lost the opportunity to shop at Daffy ‘s, Syms, Loehmann’s and Filene’s to name a few. Nevertheless, bargain shoppers are still having the opportunity to claim a discount at other national retailers who are invading the Big Apple and the region.

Five years ago this month, Nordstrom Rack entered the New York City market with the opening at 60 East 14th Street in Union Square. On May 1st, the Rack entered the Brooklyn market with the opening of its store in the Offerman Building at 505 Fulton Street in the thriving Downtown Brooklyn. The company will be continuing its expansion in the fall when the off price retail division of Nordstrom will open its second location in Brooklyn at the Related Cos. Gateway Center near Spring Creek Park. Also in the fall, the Rack will open its first Queens location at the Shops at SkyView Center located in Flushing.
Last year, the Rack moved into a two floor, 32,000 square foot former location of Filene’s Basement in Manhasset, Long Island. The company also opened two other Long Island locations last year at the Huntington Shopping Center and at the Gallery at Westbury Plaza in addition to relocating a store in White Plains.

Posted on May 12, 2014

Featured Article
Press Release: Rare Prime Retail Space Opens Up In Hell’s Kitchen at 695 9th Avenue & West 47th Street
image

NEW YORK, NY – May 2, 2014 – Eastern Consolidated has been retained as the exclusive leasing agent for 695 Ninth Avenue, a 2,800-square-foot retail store front located at the corner of West 48th Street in Hell’s Kitchen.

The space is comprised of 2,000 square feet on the ground floor and 800 square feet on the lower level. It also features 25 feet of sidewalk frontage on a Prime Corner of Ninth Avenue & West 48th Street and is available for immediate possession.

“As the only store-front vacancy along this corridor that is known for its culinary diversity, we expect this prime corner retail offering to be snatched up quickly,” said James Famularo, Senior Director of the Retail Leasing Division forEastern Consolidated, who exclusively represents the property along with Associate Director Jeff Geoghegan. “Hell’s Kitchen receives a heavy and continuous flow of foot traffic, which makes this rare opportunity attractive to restaurateurs and retailers alike.”

Posted on May 2, 2014

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