Sunday Summary: Let the Retrospectives Begin
As we near the end of 2024, CO always looks back at the year that was. A lot of brokers and owners like to throw around their general vibes about the year that just passed and (unless the year is a...
View ArticleWharton Properties Faces Foreclosure From Rialto at 144 Fifth Avenue Over $8M...
Jeff Sutton’s Wharton Properties has been hit with a pre-foreclosure filing at its retail co-op in the Flatiron District. Wharton is facing foreclosure at the retail co-op at 144 Fifth Avenue after...
View ArticleWharton Properties Faces Foreclosure at 15 West 34th Street Over $20M Loan
Jeff Sutton’s Wharton Properties has been hit with a pre-foreclosure filing at one of its Manhattan retail spots. Wharton, along with co-owners Gindi Capital and brand investor Steven Russo, is facing...
View ArticleSL Green Looking to Sell Two Manhattan Buildings for Combined $300M
SL Green Realty has lined up to sell two of its Manhattan buildings. The landlord is marketing its buildings at 110 Greene Street in SoHo and 690 Madison Avenue in Lenox Hill for a combined roughly...
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New York’s Fifth Avenue Redesign Will Boost the Retail Revival There
Alexa, play the song “Fifth Avenue” by the pop band “Walk Off The Earth.” Arlie DeMeo is a lifelong New Yorker with an appetite for international travel, so in October of 2023 she packed her bags and...
View ArticleIkea Buys Nike’s SoHo Store for $213M for Second Manhattan Location
Home furnishings giant Ikea has purchased the full-building Nike flagship store at 529 Broadway at the corner of Spring Street in SoHo for $213 million. The company said it plans to use the first and...
View ArticleRelated Companies in Talks to Build Prada Tower in Manhattan
Less than two years after buying 720-724 Fifth Avenue from deal maestro Jeff Sutton for $835 million, fashion giant Prada is nearing an agreement with Related Companies to build a skyscraper that could...
View ArticleNew York Retail Mogul Jeff Sutton Pays $73M for Miami Design District Building
New York’s retail maven Jeff Sutton (and his son Joe) have made their way down to the Miami Design District. Sutton’s Wharton Properties paid $72.5 million for the Design 41 mixed-use building,...
View ArticleJeff Sutton, SL Green Sell 690 Madison Avenue to Luxury Retail Operator...
Jeff Sutton’s Wharton Properties has sold another retail building to the occupant already in place for $54.5 million, according to a Monday announcement. Swiss luxury fashion retailer Richemont bought...
View ArticleWeWork Announces New 37K-SF Location at 511 Fifth Avenue
WeWork continues to build on its success coming out of Chapter 11 bankruptcy as it prepares to open another New York City location by the end of 2026. The reinvigorated coworking firm signed a lease...
View ArticleJeff Sutton Sells Williamsburg Retail Property for $34M
Yoshida & Company, a Japanese accessory manufacturer and retailer, has acquired a retail property at 103 North Fourth Street in Williamsburg, Brooklyn, for $33.5 million, property records made...
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The Plan: WeWork Is Growing Up at 511 Fifth Avenue
The upcoming WeWork floors at 511 Fifth Avenue are designed to look less like a tech startup loft and more like a boutique hotel lobby. The coworking giant earlier this year leased four floors...
View ArticleUlta Beauty Inks 26K-SF Deal at Jeff Sutton’s 1551 Broadway in Times Square
Skin care and cosmetics retailer Ulta Beauty has signed a deal to take over the entirety of Jeff Sutton’s Times Square retail building at 1551 Broadway. Ulta inked a 26,000-square-foot lease for all...
View ArticleSunday Summary: The Beat Won’t Stop!
We all have our doubts about the future prospects of the real estate sector from time to time, but the last week — actually, no, make that the last month — should dispel any of those nagging worries....
View ArticleBistro Pardon My French Sets Up Shop at Jeff Sutton’s 373 Broome Street
Ooh la la. French-inspired bistro Pardon My French is coming to Manhattan’s SoHo neighborhood after signing a 1,000-square-foot lease at 373 Broome Street, a property owned in a joint venture between...
View ArticleAs City Considers Deficit Solutions, Fifth Avenue’s Businesses Tout...
The Fifth Avenue Association business improvement district wanted to quantify how much the storied boulevard contributes in taxes to the city, so it hired BJH Advisors to find out. The results? The...
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Jewish High School Championed by Jeff Sutton Secures $30M in Construction...
A Jewish school in Brooklyn’s Gravesend neighborhood has received approval from the state attorney general for a $30 million construction loan, Commercial Observer has learned. Magen David Yeshivah,...
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