Chef Tatsuya Sekiguchi of Sushi Yasuda fame will open a new sushi restaurant, Sushi Tatsu, in a 3,800-square-foot space at 175 Franklin Street in Tribeca, according to Eastern Consolidated.
Through a 15-year lease, Mr. Sekiguchi and partners Paul and Jean Dupuy will be bringing a high-end sushi eatery to 1,900 square feet on the ground floor and sake and whisky Read More
Leyton Astor Clothing Co., a new high-end men and women’s apparel store, has inked a deal for a retail location at 199 Mott Street in Nolita, Commercial Observer has learned.
Brooklyn-based multifamily landlord Galil Management, formerly known as E&M Associates, has purchased a Hamilton Heights apartment building at 680 St. Nicholas Avenue from Pembroke Companies and Ares Management for $41 million, according to city records published today.
The sale of the 112-unit rental building closed on Sept. 17, records show. The 132,000-square-foot property, Read More
Mercantil Commercebank provided the New York-based real estate investment firm Madison Realty Capital with a $17.2 million loan to fund the acquisition of a 40-unit rental property in Park Slope, Brooklyn, the borrower and lender told Commercial Observer.
The financing carries a three-year term with a floating interest rate, said Paulo Read More
Dime Community Bancshares is selling $80 million worth of real estate assets in the Williamsburg section of Brooklyn to two New York-based developers, according to a release from the company.
L’Oreal will be moving its retail store and beauty store Redken 5th Avenue NYC to 404 Fifth Avenue between West 36th and 37th Streets, as The New York Post reported.
The new space consists of a 1,000 square feet on the ground floor and 9,000 square feet on the second floor. L’Oreal is currently located Read More
A South Korean cosmetics store has signed a lease at 34 West 33rd Street, and incumbent tenant Tous Les Jours Bakery has inked a direct deal at the Garment District building.
Commercial Observer has learned that New 32 America is taking 11,032 square feet for the two stores at the 12-story building between Avenue Read More
Many artists conceal changes to their work. Process is not always appreciated, and can be misconstrued as flaw. The appearance of an early layer—whether imperfectly erased or deliberate—is called pentimento (see Hellman, Lillian) and some artists hate it. Others revel in the study of development, the steps taken from beginning to end. Michael Namer, Read More
This was the one question that well more than half of the developers we surveyed refused to answer—and some didn’t even want to take the rest of the survey when they saw it! Others outright walked away from the survey at the outset because of that question—even when we said, “Ya know, you can Read More
Farmigo, an online farmer’s marketplace startup, is moving from a Downtown Brooklyn coworking space to an office in the Gowanus section of Brooklyn.
BEC New Communities Housing Development Fund Corporation has found a new private partner to fund and complete $15 million in improvements and capital repairs at a portfolio of rent-regulated Brooklyn buildings in Bedford-Stuyvesant and Crown Heights, Commercial Observer has learned.
Two days ago, The Hudson Companies paid $424,000 (the maximum amount allowed by the city’s Housing Preservation Read More
“It is a beautiful destination,” Sarah McNally, the owner of the Soho-based independent bookstore, told Commercial Observer. On the 700-square-foot ground floor, there will be a mix Read More
Great Neck-based A.D. Real Estate Investors has purchased a seven-story apartment building at 9 East 16th Street near Union Square Park from Milan Associates for about $30 million, about double the price Milan paid for the property three years ago.
The 30,700-square-foot rental property between Fifth Avenue and Union Square West is comprised of Read More
The United Nations High Commissioner for Refugees signed a 4,000-square-foot sublease to relocate its New York offices to Cambridge Leadership Associates’ space at 259 West 30th Street.
Commercial Observer has learned that refugees advocacy group will occupy the entire 16th floor of the 108,720-square-foot, 17-story building, which is owned by Two Friends Realty, between Seventh Read More