51 posts about Retail from across Skyline's social platforms and curated industry sources.
<![CDATA[Fancy some retail therapy? You’ll need a pretty penny for this particular purchase. Related Companies, Abu Dhabi Investment Authority and Mack Real Estate are marketing the Shops at Columbus Circle and considering both an outright sale of the trophy property or a new equity investment into it, sources said. Newmark’s Adam Spies, Doug Harmon, Josh […]]]>
View on RSS →Why Owners and Buyers Work With Skyline Properties: Discretion, Customized Canvassing, Investor Lists and NYC Commercial Real Estate Executi Owners and buyers work with Skyline Properties for a simple reason: New York City commercial real estate is not just about exposure. It is about knowing who should see an opportunity, who should not, when to create competition, when to preserve confidentiality and how to move from interest to execution without wasting time. Robert Khodadadian’s platform at Skyline Properties is built around discretion, customized canvassing, investor intelligence, off-market outreach and transaction proof. That combination matters for owners considering a sale, buyers looking for off-market opportunities and investors trying to understand where real deal flow is happening. For Sellers: Confidentiality and Control A seller does not always benefit from a loud process. Public marketing can create tenant concerns, lender questions, employee noise, competitor attention and unnecessary disruption. Skyline’s off-market model is designed to give owners a way to evaluate demand while controlling who receives information and when. For Buyers: Targeted Opportunity Access Buyers work with Skyline because the firm’s model is built around matching acquisition criteria to ownership situations. A buyer looking for a conversion asset, ground lease, multifamily portfolio, retail corridor, development site or mixed-use property does not need every listing in the city. The buyer needs the right opportunity at the right time.
View on Tumblr →NYC Commercial Real Estate Case Studies — Skyline Properties Landmark NYC Commercial Real Estate Case Studies by Skyline Properties Five anchor transactions chronicling Robert Khodadadian’s Manhattan investment-sales practice across office, retail, and ground-lease asset classes — from the $135M Vanbarton 6 East 43rd Street office-to-residential conversion to the record SoHo retail co-op at 131-133 Prince Street. Every case study is brokered, closed, and confidential off-market. How Skyline Sources Off-Market NYC Commercial Real Estate Deals Robert Khodadadian has built one of NYC’s deepest off-market origination practices — $976M+ closed, 32+ confidential transactions, 250+ press features. Each case study below details the sourcing approach, buyer-seller match, capital structure, and submarket thesis that produced the trade.
View on Tumblr →Off-Market Commercial Real Estate NYC | Robert Khodadadian | Skyline Properties Skyline Properties Manhattan’s Premier Off-Market Investment Sales Brokerage Skyline Properties is a Manhattan-based commercial real estate brokerage specializing in off-market investment sales across New York City. Built on access, relationships, and execution, we provide sellers with complete discretion and buyers with unparalleled opportunities to acquire valuable assets With unmatched reach into privately marketed properties throughout Manhattan and the outer boroughs, our team handles a diverse range of asset classes including office buildings, elevator and walk-up apartment buildings, mixed-use properties, development sites, industrial assets, retail, and ground leases. Known for our discretion, agility, and results-driven approach, Skyline Properties continues to grow as the go-to brokerage for investors and owners seeking strategic, off-market real estate opportunities in New York City
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<![CDATA[Artificial intelligence is quickly becoming one of real estate’s most important customers. It’s leasing offices, fueling data center development and helping drive some of the strongest pockets of demand the industry has seen since the pandemic. At the same time, it’s raising uncomfortable questions about the future of the very jobs that have traditionally powered demand for office, residential and retail space. In San Francisco and New York, AI companies have emerged as some of the most sought-after office tenants. In San Francisco, they accounted for nearly 40 percent of office leasing activity in the first quarter and now occupy […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on RSS →<![CDATA[CSC Real Estate, a private equity and development firm, has acquired a medical office property at 210 East 86th Street on Manhattan’s Upper East Side, Commercial Observer has learned. The Upper West Side-based buyer also acquired the adjacent retail spaces at 206 East 86th Street and 205 East 85th Street from Stephen Perlbinder’s Perlbinder Realty, […]]]>
View on RSS →<![CDATA[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 four floors of the property located in Midtown’s bright and bustling Times Square, according to The Real Deal, which first reported the […]]]>
View on RSS →<![CDATA[Something smells sweet on East 75th Street. Iconic British fragrance and lifestyle brand Jo Malone London has signed a lease to open a new Upper East Side store at 200 East 75th Street, Commercial Observer has learned. The retail component of the 18-story luxury condominium building was recently purchased by Pivot Real Estate Partners. Jo […]]]>
View on RSS →<![CDATA[Adam Neumann’s Flow has sold off a development parcel within the 27-acre Miami Worldcenter master development for $26.6 million, property records show. Retail broker Daniel Cardenas purchased the vacant, 28,033-square-foot site at 710 Northeast First Avenue, which runs through to North Miami Avenue, on the same block as the Lalezarian Properties’s Miami World Tower. Cardenas […]]]>
View on RSS →<![CDATA[The owner of the SoJo Spa Club has purchased 893 Broadway in Manhattan’s Flatiron District for $31 million, according to property records made public Wednesday. A deed transfer filed with the city indicated that Los Angeles-based real estate investment firm RCLCO Fund Advisors and L3 Capital, using the LLC Cholla 893, sold the property to SoJo […]]]>
View on RSS →<![CDATA[Digital retail giant eBay is setting up a shop of its own. eBay has signed an eight-year, 27,902-square-foot lease on the entire second floor of Bromley Companies’ 122 Fifth Avenue in Manhattan’s Flatiron District, Commercial Observer has learned. eBay, which also has offices in Austin, Portland and San Francisco, will move to the 11-story office […]]]>
View on RSS →<![CDATA[Colliers has hired Sarah Cafaro as its new senior vice president in New York, Commercial Observer has learned. Cafaro, previously a senior director of U.S. retail investment sales and capital markets at Avison Young, started at Colliers on Monday. In her new role, Cafaro will carry over her more than 20 years of expertise and […]]]>
View on RSS →<![CDATA[Dillon Okner is the Founder & Partner of SiteRise, a retail development and construction platform helping brands streamline site selection, store development, and portfolio expansion. With more than 15 years of experience in retail construction and operations, Dillon previously helped support the expansion of major brands including Apple and Tesla. Today, he focuses on helping retailers, […]]]>
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<![CDATA[The data center boom has made it clear that computers will need places to work. What about the humans?  Large tech firms have been laying off workers as they plow their capital into massive data facilities. In mid-May, Meta downsized by 8,000 employees just after raising its forecast for 2026 spending on data centers by 8 percent, to a range of $125 to $145 billion, according to its first-quarter earnings.  Although the tech behemoths have so far not given up major office space, none have been obviously expanding either. Earlier this year, Meta did sign a retail lease for a […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on RSS →<![CDATA[Seward Park Cooperative’s board is looking to button up its extensive retail portfolio, Commercial Observer has learned. The 65-year-old Lower East Side co-op has tapped Lee & Associates NYC to take over leasing strategy and retail representation for 25 of its retail properties. The Seward Park community is among the largest market-rate residential co-ops in […]]]>
View on RSS →<![CDATA[Tanger is riding retail’s comeback and its own portfolio reset. The Greensboro, N.C.-based real estate investment trust owns and operates 41 open-air outlet and lifestyle centers with more than 16 million square feet and more than 3,000 stores. In the first quarter of 2026, Tanger reported 97 percent occupancy and 3.4 million square feet of […]]]>
View on RSS →<![CDATA[A gastropub is establishing its fifth Manhattan location on Park Avenue South. Stout NYC, an Irish-American pub that opened its first Manhattan spot two decades ago, signed a 13,900-square-foot lease on the ground floor of 373 Park Avenue South, a 12-story office and retail building owned by Olmstead Properties and investment platform Vertex, according to […]]]>
View on RSS →<![CDATA[In January, Brian Finnegan became the new CEO of Brixmor Property Group, a publicly traded real estate investment trust and one of the largest owners of shopping centers in the U.S. With an equity capitalization of $9 billion, Brixmor carries a portfolio of 348 shopping centers spanning more than 63 million square feet, and a […]]]>
View on RSS →The strategy of co-op busting in commercial real estate - by Robert Khodadadian In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but increasingly relevant — is known as “co-op busting.” This approach involves acquiring control of a cooperative building with the intent to convert or redevelop it for greater financial return. What Is Co-op Busting? Co-op busting refers to the process in which an individual or group of investors strategically purchases a majority of shares in a cooperative (co-op) building. With enough shares, the group can gain control of the building’s board of directors and direct the future of the property. This often includes converting the co-op into a condominium or redeveloping it for commercial use, such as offices, retail, or hospitality. How It Works The process typically unfolds in four key stages: 1. Share Acquisition Investors begin by quietly buying units in the co-op, accumulating a significant percentage of the building’s shares. 2. Board Control Once a majority stake is obtained, the group can influence or outright control the co-op’s board. This control enables them to propose and vote on changes to the building’s structure, usage, or ownership model. 3. Conversion or Redevelopment The board may choose to convert the building to a condominium, a move that often increases the overall property value. Alternatively, they may pursue commercial redevelopment, such as converting residential units into office space or retail. 4. Shareholder Buyouts With control of the board, investors can offer to buy out remaining shareholders — sometimes at a premium — clearing the path for full redevelopment. Why Co-op Busting Happens There are several reasons why investors pursue this strategy: • Value Creation: Converting a co-op into condos or commercial space can dramatically increase a building’s market value, especially in high-demand areas like Midtown Manhattan. • Development Potential: Older co-op buildings often sit on valuable land that is underutilized. Redeveloping these sites can unlock new revenue streams. • Strategic Control: Once investors control the co-op board, they can reshape the property in alignment with their long-term investment objectives. A Broader Perspective The idea of leveraging shared ownership for commercial gain isn’t new. A similar structure exists in real estate investment trusts (REITs), where land or buildings are divided into shares, and the trust manages the property for profit. While REITs are typically structured from the outset, co-op busting transforms existing residential buildings into more lucrative assets. Why Midtown Manhattan Is a Target Midtown Manhattan remains one of the most attractive markets for co-op busting due to its location, zoning flexibility, and high commercial demand. Investors see older residential co-ops in this area as prime candidates for redevelopment, where the upside can significantly outweigh the acquisition cost and time involved. Conclusion Co-op busting is a complex but highly strategic investment method that capitalizes on the inefficiencies of older co-op structures. By gaining control of the board, investors are able to shift the direction of a building — unlocking new value through conversion or commercial redevelopment. In the high-stakes environment of New York City real estate, especially in Midtown, co-op busting continues to be a compelling strategy for investors looking to maximize returns.
View on Tumblr →Robert Khodadadian, the founder and CEO of [Skyline Properties]( https://sky-nyc.com/ ), is a prominent New York City commercial real estate broker specializing in high-value, off-market transactions. Throughout his career, he has built an extensive network of institutional investors, private family offices, and major development firms. [1, 2, 3, 4] Some of his most notable clients, institutional partners, and major transaction counterparties include: ## Institutional Buyers & Real Estate Investment Firms [5] Off-Market Commercial Real Estate NYC | Robert Khodadadian | Skyline Properties * Vanbarton Group: Skyline Properties represented the Vanbarton Group as the buyer in a major $140 million off-market acquisition of 6 East 43rd Street for a prominent office-to-residential conversion project. * Quantum Pacific: Sourced a massive $105 million off-market Financial District office acquisition (101 Greenwich Street) for Israeli billionaire Idan Ofer’s Quantum Pacific. Skyline Properties - New York, NY * Metro Loft Management: Partnered with Nathan Berman’s Metro Loft on landmark office-to-residential conversion acquisitions, including the joint 101 Greenwich Street deal. * Kaufman Organization: Facilitated a high-profile $65 million, 99-year ground lease at 236 Fifth Avenue in NoMad, as well as a $35 million ground lease in Chelsea. * The Feil Organization: Brokered the $72 million sale of a 7-story commercial art gallery building at 530 West 25th Street in Chelsea. * Benedict Realty Group: Represented the buyer in a $46.5 million off-market purchase of a three-building, 433-unit multifamily rental apartment portfolio in Queens. [4, 6, 7, 8, 9, 10, 11, 12] ## Prominent Sellers & Landlords * Emigrant Savings Bank (Milstein Properties): Acted as the transaction bridge when Emigrant Savings Bank divested its commercial tower at 6 East 43rd Street. * BentallGreenOak (BGO): Sourced the disposition side of the transaction for global real estate investment manager BGO when they sold 101 Greenwich Street. * Algin Management: Facilitated the off-market sale of a major Queens multifamily portfolio on behalf of this long-time ownership entity. [4, 7, 8, 12] ## Retail & Specialized Entities * Acadia Realty Trust: Facilitated retail property sales, including a $50 million purchase of SoHo retail co-ops and the sale of 210 Bowery. * Sitt Asset Management & Ashkenazy Acquisitions: Coordinated the $49 million off-market transaction for 711 Madison Avenue. * Hidrock Realty & Centurion Realty: Handled respective multi-million dollar commercial building transactions on their behalf in Lower Manhattan. * Wildflower Ltd: Facilitated industrial acquisitions in Hunts Point, Bronx. [7, 11, 13, 14, 15] ## Core Professional & Brokerage Partners * [Daniel Shirazi]( https://www.google.com/search?q=daniel+shirazi&kgmid=/g/11j58n_7cp#sv=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-t4R ): Khodadadian’s primary brokerage partner at Skyline Properties; the duo was named Connect CRE’s 2026 Top Brokers for the New York region. * Bob Knakal: Noted NYC real estate icon who served as Khodadadian’s early career mentor during his foundational tenure at Massey Knakal Realty Services. [12, 16, 17] If you want to look closer at his transaction history, I can provide a breakdown of his office-to-residential conversion projects or detail his specific 99-year ground lease structures. Let me know how you would like to proceed. [1] [https://sky-nyc.com]( https://sky-nyc.com/about ) [2] [https://muckrack.com]( https://muckrack.com/robert-khodadadian-1 ) [3] [https://www.zillow.com]( https://www.zillow.com/profile/robert%20khodadadian ) [4] [https://sky-nyc.com]( https://sky-nyc.com/off-market-broker-nyc ) [5] [https://www.zillow.com]( https://www.zillow.com/profile/robert%20khodadadian ) [6] [https://www.skylineprp.com]( https://www.skylineprp.com/about-robert-khodadadian ) [7] [https://www.skylineprp.com]( https://www.skylineprp.com/post/robert-khodadadian-nyc-s-premier-off-market-commercial-real-estate-broker-founder-of-skyline-prop ) [8] [https://www.skylineprp.com]( https://www.skylineprp.com/about-robert-khodadadian ) [9] [https://traded.co]( https://traded.co/agent/robert-khodadadian/ ) [10] [https://sky-nyc.com]( https://sky-nyc.com/case-studies ) [11] [https://traded.co]( https://traded.co/agent/robert-khodadadian/ ) [12] [https://www.connectcre.com]( https://www.connectcre.com/awards/2026-top-broker-awards/new-york-tri-state-2/skylines-robert-khodadadian-and-daniel-shirazi-generate-over-181-million-in-sales/ ) [13] [https://www.skylineprp.com]( https://www.skylineprp.com/about-robert-khodadadian ) [14] [https://nyrej.com]( https://nyrej.com/company-of-the-month-khodadadian-reintroduces-skyline-properties-focuses-on-the-sale-of-off-market-properties-in-the-n-y-c-metro-area ) [15] [https://realgraph.co]( https://realgraph.co/people/robert-khodadadian-Rqx ) [16] [https://www.instagram.com]( https://www.instagram.com/p/DW1YOqzmqKA/ ) [17] [https://sky-nyc.com]( https://sky-nyc.com/team/robert-khodadadian )
View on Tumblr →<![CDATA[It’s difficult enough to pinpoint where commercial real estate sits in a cycle with macroeconomics, inflation, interest rates and employment trends all moving at once, and often in different directions. Retail makes that read even more complicated, with changes to population migration, shifting consumer behaviors and spending, and what are traditionally the most complex leasing […]]]>
View on RSS →<![CDATA[Publix has bought yet another retail center in South Florida. The grocer paid $78 million for a 178,726-square-foot, open-air property, where it’s the main tenant, west of Boynton Beach, Fla., property records show. Called Fountains of Boynton Shopping Center, the 21-acre property sits adjacent to South Jog Road, at 6661 Boynton Beach Boulevard. Publix’s supermarket […]]]>
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**ICSC 2026: Parties, panels, pools — and chasing down deals** Debauchery may have mellowed but that doesn’t stop pros from letting loose, as retail's biggest event ends today *ICSC 2026 (Photos by Alena Botros)* *MAY 19, 2026 AT 4:28 PM EDT* **By** [**Alena Botros**](https://therealdeal.com/author/alena-botros/) Poolside at the Wynn, sipping booze and playing blackjack, a jeweler-turned-real estate investor said he was there scoping out retail tenants. Earlier, in a red-draped cabana matching the cocktail waitresses’ short skirts, a 40-something retail exec, who has been an ICSC attendee since he turned 21, said the dinners and drinks are only where deals start. The ICSC pre-game Sunday was relatively tame until about 1 p.m., when brokers, investors, developers and more (mostly men) let loose; multiple tequila shots, or whatever drink of choice in plastic cups. Even then, people said things were calmer than the debauchery of years past. Overheard were conversations of concessions, a-list retail tenants and the K-shaped economy while ‘90s club music blared in the background.
View on Reddit →ICSC 2026: Parties, panels, pools — and chasing down deals ICSC 2026: Parties, panels, pools — and chasing down deals Debauchery may have mellowed but that doesn’t stop pros from letting loose, as retail’s biggest event ends today ICSC 2026 ICSC 2026 (Photos by Alena Botros) MAY 19, 2026 AT 4:28 PM EDT By Alena Botros Poolside at the Wynn, sipping booze and playing blackjack, a jeweler-turned-real estate investor said he was there scoping out retail tenants. Earlier, in a red-draped cabana matching the cocktail waitresses’ short skirts, a 40-something retail exec, who has been an ICSC attendee since he turned 21, said the dinners and drinks are only where deals start. The ICSC pre-game Sunday was relatively tame until about 1 p.m., when brokers, investors, developers and more (mostly men) let loose; multiple tequila shots, or whatever drink of choice in plastic cups. Even then, people said things were calmer than the debauchery of years past. Overheard were conversations of concessions, a-list retail tenants and the K-shaped economy while ‘90s club music blared in the background.
View on Tumblr →<![CDATA[Confidence in retail real estate was in the air at ICSC Las Vegas this week, thanks in part to lower vacancy rates and record-low construction. CBRE’s latest data shows U.S. retail availability at 4.9 percent in the first quarter after three straight quarters of positive absorption. Commercial Observer caught up with Scott Schnuckel, CBRE’s managing […]]]>
View on RSS →<![CDATA[Retail real estate was palpably confident at ICSC Las Vegas thanks to scarce space, limited construction and steady tenant demand. Nationally, CoStar warned that low availability is now the sector’s modus operandi rather than a temporary post-pandemic trend. Southern California landlords are in a particularly strong position, with Los Angeles County’s retail availability at 6.2 […]]]>
View on RSS →<![CDATA[Marshalls has taken up a 10-year tenancy at Liberty Bklyn. The off-price retailer secured 31,470 square feet of ground-floor space at Madison Capital and Salmar Properties’ 850 Third Avenue in Sunset Park, Brooklyn, according to a Wednesday announcement from the landlords. The transaction leaves the retail component of the eight-story, 1.3 million-square-foot mixed-use complex fully […]]]>
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<![CDATA[The long-stalled redevelopment of Denver’s former Veterans Affairs hospital campus just got a boost from the federal government. GM Development secured $130 million in financing through the U.S. Department of Housing and Urban Development to kick off the adaptive reuse transformation of a 10-story hospital building at 1055 Clermont Street into housing, the Denver Business Journal reported. GM Development bought the 8.3-acre campus out of auction in 2022 for roughly $41 million. The financing, arranged by Walker & Dunlop, will enable GM to convert the historic structure into 493 apartments with some retail space. The effort is part of a […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on RSS →Case Studies | Real Estate Success Stories | Skyline Properties Explore detailed case studies of our most significant deals. Each transaction demonstrates our expertise in off-market sourcing, complex structuring, and value maximization. $427M+ TOTAL VOLUME 5 MEGA DEALS $50M+ EACH DEAL Landmark NYC Commercial Real Estate Case Studies by Skyline Properties Five anchor transactions chronicling Robert Khodadadian’s Manhattan investment-sales practice across office, retail, and ground-lease asset classes — from the $135M Vanbarton 6 East 43rd Street office-to-residential conversion to the record SoHo retail co-op at 131-133 Prince Street. Every case study is brokered, closed, and confidential off-market. How Skyline Sources Off-Market NYC Commercial Real Estate Deals Robert Khodadadian has built one of NYC’s deepest off-market origination practices — $976M+ closed, 32+ confidential transactions, 250+ press features. Each case study below details the sourcing approach, buyer-seller match, capital structure, and submarket thesis that produced the trade.
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Explore detailed case studies of our most significant deals. Each transaction demonstrates our expertise in off-market sourcing, complex structuring, and value maximization. **$427M+** TOTAL VOLUME **5** MEGA DEALS **$50M+** EACH DEAL **Landmark NYC Commercial Real Estate Case Studies by Skyline Properties** Five anchor transactions chronicling Robert Khodadadian's Manhattan investment-sales practice across office, retail, and ground-lease asset classes — from the $135M Vanbarton 6 East 43rd Street office-to-residential conversion to the record SoHo retail co-op at 131-133 Prince Street. Every case study is brokered, closed, and confidential off-market. **How Skyline Sources Off-Market NYC Commercial Real Estate Deals** Robert Khodadadian has built one of NYC's deepest off-market origination practices — $976M+ closed, 32+ confidential transactions, 250+ press features. Each case study below details the sourcing approach, buyer-seller match, capital structure, and submarket thesis that produced the trade.
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<![CDATA[Poolside at the Wynn, sipping booze and playing blackjack, a jeweler-turned-real estate investor said he was there scoping out retail tenants. Earlier, in a red-draped cabana matching the cocktail waitresses’ short skirts, a 40-something retail exec, who has been an ICSC attendee since he turned 21, said the dinners and drinks are only where deals start. The ICSC pre-game Sunday was relatively tame until about 1 p.m., when brokers, investors, developers and more (mostly men) let loose; multiple tequila shots, or whatever drink of choice in plastic cups. Even then, people said things were calmer than the debauchery of years […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on RSS →<![CDATA[The surprise retail category bouncing hardest into American hearts is the trampoline park. At least that was one of the primary takeaways from a new entertainment report that JLL unveiled at ICSC in Las Vegas Tuesday morning. The key data point was that there are more than 350 trampoline parks and kid zones planned in […]]]>
View on RSS →<![CDATA[With the eye of an architect but the instincts of a retail professional, Ed Hogan has helped transform some of the dingiest crevices of New York City into highly sought-after locations and kept one of the toniest corridors in the five boroughs an elevated shopping destination. But, now, after helping curate the retail experiences in […]]]>
View on RSS →<![CDATA[A mainstay storefront in Manhattan’s Nolita neighborhood has sold for $44.98 million, according to city records made public Monday. The four-story retail building, located at 236 Bowery, is between Prince and Stanton streets, opposite the New Museum. The selling entity, 236 Bowery, is a limited liability company controlled by Anton Mayer. Building Equity Management purchased […]]]>
View on RSS →<![CDATA[Walking through the area near Brooklyn’s Windsor Terrace/Kensington border, one is confronted by blocks filled with high-rise residential buildings, many built before World War II, some constructed just after. Throughout the main Ocean Parkway thoroughfare and onto many of the connecting cross streets, retail is either scarce or, like some of the apartment buildings themselves, […]]]>
View on RSS →<![CDATA[Guest in Residence, supermodel Gigi Hadid’s luxury cashmere knitwear brand, has leased a 3,550-square-foot retail space at 1061 Madison Avenue on Manhattan’s Upper East Side, Commercial Observer has learned. The five-story retail and residential building between West 80th and West 81st streets will be home to the brand’s second location in New York City, following […]]]>
View on RSS →<![CDATA[Nichole Popovics, the freshly minted president of retail-focused real estate brokerage TSCG, got off the plane at Las Vegas’ Harry Reid International Airport at 8:30 a.m. on Monday and wasted no time heading straight to her scheduled meeting with Commercial Observer at the Conrad Las Vegas at Resorts World Hotel at 10 a.m. Popovics, who […]]]>
View on RSS →<![CDATA[This week the annual ICSC Las Vegas will draw thousands of retail real estate professionals to share the latest about the marketplaces and spaces where people shop, dine, work, play and gather, as the organization behind the event likes to say. This year ICSC+PropTech will be prominently featured there. Two of the many retail real […]]]>
View on RSS →<![CDATA[It wasn’t supposed to go like this. When Saks Fifth Avenue agreed in July 2024 to buy Neiman Marcus for $2.65 billion to create Saks Global, a new $7 billion luxury retail behemoth, the conventional thinking was that senior executives at the two firms — once enemies, now family — would find a way to […]]]>
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<![CDATA[Roller Rabbit can’t run in Nantucket. But the Roller Rabbit General Store is a different story. In an example of the quirkiness of local laws — and how far one will go to bypass them — Roller Rabbit signed a two-year lease at 44 Centre Street in Nantucket’s downtown, one year after controversy nearly did the company’s local operations in, the Nantucket Current reported. The storefront recently opened for the season. Nantucket put a formula business bylaw on the books two decades ago, colloquially known as a ban on chain stores. In the downtown district, businesses with 10 or more […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on RSS →<![CDATA[A father-son team of retail brokers is taking their generational expertise to Colliers’ New York City operations. Michael Hirschfeld and son Brian Hirschfeld have left JLL to join the retail services arm of Colliers as vice chair and senior vice president, respectively, according to a Friday announcement from Colliers. Michael will specialize in luxury retail […]]]>
View on RSS →<![CDATA[A joint venture between Vornado Realty Trust and Aurora Capital Associates has sealed a $161 million loan to refinance an office and retail asset in Manhattan’s Chelsea neighborhood. UBS provided the interest-only loan for the sponsorship’s 194,000-square-foot office building at 61 Ninth Avenue, sources told Commercial Observer. The property has 143,000 square feet of office […]]]>
View on RSS →<![CDATA[The developers of a mixed-use project in Manhattan’s Seaport District have signed a luxury fitness brand as an anchor retail tenant. Chelsea Piers Fitness, a gym and wellness studio franchise, will open a five-story, 76,000-square-foot fitness center at Tavros’ planned mixed-use tower at 250 Water Street, according to a Thursday announcement from the landlord. Tavros […]]]>
View on RSS →<![CDATA[Avison Young has made two new hires to help lead the brokerage’s retail leasing advisory services in New York City, the firm announced Thursday. Christian Stanton, who was previously a senior vice president at Alvarez & Marsal Property Solutions (AM-PS), will join Avison Young as a principal and focus on retail leasing across major U.S. […]]]>
View on RSS →<![CDATA[Why Institutional Capital Is Moving Into Laundromats – and What This Means for Retail Landlords There are more than 35,000 laundromats in the United States, nearly all of them leasing space in strip malls, neighborhood shopping centers, and mixed-use retail corridors. The laundromat industry generates an estimated $6.8 billion in annual revenue. Laundromats have a […]]]>
View on RSS →Off-Market Commercial Real Estate NYC | Robert Khodadadian | Skyline Properties Skyline Properties is a Manhattan-based commercial real estate brokerage specializing in off-market investment sales across New York City. Built on access, relationships, and execution, we provide sellers with complete discretion and buyers with unparalleled opportunities to acquire valuable assets With unmatched reach into privately marketed properties throughout Manhattan and the outer boroughs, our team handles a diverse range of asset classes including office buildings, elevator and walk-up apartment buildings, mixed-use properties, development sites, industrial assets, retail, and ground leases. Known for our discretion, agility, and results-driven approach, Skyline Properties continues to grow as the go-to brokerage for investors and owners seeking strategic, off-market real estate opportunities in New York City.
View on Tumblr →<![CDATA[Canada-based fashion retailer Garage is taking over the choice retail corner at RFR Holding’s 160 Fifth Avenue for its second New York City store, Commercial Observer has learned. Garage is a fashion brand catering to Gen Z and Millennials, and is owned by the publicly traded global retailer Group Dynamite. Garage’s new store on the […]]]>
View on RSS →<![CDATA[TSCG, a retail-only commercial real estate brokerage based in Atlanta, has promoted Nichole Popovics to president, the company announced Wednesday. Popovics, who was previously executive vice president and managing director at TSCG, will succeed Sam Latone. The former president will continue as the firm’s co-CEO alongside David Birnbrey and simultaneously transition into a new position […]]]>
View on RSS →Skyline Properties - New York, NY Skyline Properties is a Manhattan-based commercial real estate brokerage specializing in off-market investment sales across New York City. Built on access, relationships, and execution, we provide sellers with complete discretion and buyers with unparalleled opportunities to acquire valuable assets. With unmatched reach into privately marketed properties throughout Manhattan and the outer boroughs, our team handles a diverse range of asset classes including office buildings, elevator and walk-up apartment buildings, mixed-use properties, development sites, industrial assets, retail, and ground leases. Known for our discretion, agility, and results-driven approach, Skyline Properties continues to grow as the go-to brokerage for investors and owners seeking
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Leadership Rooted in Expertise and Vision At the helm of Skyline Properties NYC is Robert Khodadadian, Founder and CEO, whose 20+ years of experience in commercial real estate is the backbone of the company’s success. Robert is widely recognized for his expertise in off-market transactions, ground leases, and complex property deals that require discretion and deep market connections. His track record of brokering high-value commercial deals in Manhattan and throughout the boroughs reflects his intimate understanding of New York’s unique real estate ecosystem. Learn more about Robert Khodadadian. Complementing Robert’s leadership is Daniel Shirazi, Vice President, who brings a sharp analytical approach and an extensive network across New York’s commercial property sectors. Daniel’s strategic insights and commitment to personalized client service further enhance Skyline Properties NYC’s reputation for excellence. Discover Daniel Shirazi’s role and expertise. Proven Track Record of High-Profile Transactions Skyline Properties NYC’s focus on off-market transactions and tailored canvassing techniques has led to a series of significant deals across Manhattan and the surrounding boroughs. Below are some of the firm’s recent high-profile transactions exceeding $40 million, demonstrating a command of both Manhattan core assets and emerging outer-borough submarkets: 101 Greenwich Street — $105,000,000 / 400,000 SF Office Represented Quantum Pacific in its acquisition from BGO. 6 East 43rd Street — $140,000,000 / 400,000 SF Office Facilitated the sale from Emigrant Savings Bank to The Vanbarton Group. 530 West 25th Street — $72,000,000 / 75,000 SF Office Closed with Feil Organization in Chelsea. 236 Fifth Avenue — $65,000,000 / 95,000 SF Ground Lease Represented the seller in a 99-year ground lease to The Kaufman Organization. 131-133 Prince Street — $50,000,000 / 2,000 SF Retail Co-op Negotiated between Acadia Realty Trust and Lou Meisel in SoHo. 711 Madison Avenue — $47,000,000 / 10,000 SF Mixed-Use Brokered deal between Ziggy Rutan and Ralph Sitt. 72 Greene Street — $42,000,000 / 48,000 SF Mixed-Use Sold to L3 Capital from Centrum Properties. Queens Multifamily Portfolio (3 Assets) — $46,500,000 Each Represented Algin in the sale to BRG of: • 34-44 77th Street (104,000 SF) • 40-40 79th Street (176,480 SF) • 56-11 94th Street (108,120 SF) \*Explore more featured transactions Here
View on Reddit →<![CDATA[ Navigating Change: The NYS Budget’s Impact on the Real Estate Industry Robert Khodadadian | Commercial Observer While the recently passed 2024–2025 New York State budget addresses a broad spectrum of crucial matters such as health care, public safety, artificial intelligence and education, it also introduces fresh legislation targeting housing-related concerns impacting landlords, tenants and developers. Since the expiration of the 421a program in 2022, the real estate industry has pressed lawmakers for new incentives to further the growth of the changing market landscape. The latest budget introduces three of the newly developed programs designed to aid the real estate industry with navigating the current challenges of today. Affordable neighborhoods for New Yorkers The new budget introduces Section 485-x, known as the “Affordable Neighborhoods for New Yorkers” program, which acts as a replacement for the expired 421a incentive program. This new program will exempt the construction of qualified multifamily dwellings from real property taxes in cities with populations of 1 million or more (e.g., New York City). Construction must have commenced after June 15, 2022, but no later than June 15, 2034, and construction must be completed by June 15, 2038. Some qualifications include meeting certain construction wage standards and leaving income-restricted units as permanently affordable. The size of the construction project will affect: (1) how many units need to be set aside as affordable and (2) the duration of the tax abatements, which range from 10 to 40 years. Additional requirements include retaining original payroll records and notifying the comptroller three months in advance of starting construction if the building will have more than 100 units. Failure to provide this notice can subject the developer to fines and penalties up to $5,000 a day as well as a forfeit of the tax abatements and exemptions provided under the new program. However, if one signs a Project Labor Agreement (PLA) or agrees to 100 percent use of union labor, developers may bypass the reporting requirements and wage requirements. Note, for projects already enrolled in the 421a incentive program prior to its expiration, the budget extends the program for an additional six years. Consequently, developers who broke ground before June 15, 2022, have until June 15, 2031, to complete construction. Affordable housing from commercial conversions The budget also introduces the “Affordable Housing from Commercial Conversions” program, which eases regulations and provides tax incentives to convert unused office space into affordable housing. Such property tax reductions could last up to 35 years, depending on when one files and receives the permit. To qualify, work on the conversion must commence between Jan. 1, 2023, and June 30, 2031, and must be completed no later than Dec. 31, 2039. At least 25 percent of the new apartments must be affordable at a weighted average of the area median income (AMI), including 5 percent at 40 percent of the AMI. All affordable units must remain permanently affordable and permanently rent stabilized. If the property is in an area of Manhattan south of 96th street, the tax incentive will provide a 90 percent discount off the effective residential rate. In all other areas, the tax incentive will provide a 65 percent discount. The tax break phases out in its final five years. Good cause eviction law The “Good Cause Eviction Law” was enacted to limit the ability of a landlord to evict a tenant from a residential unit. Now in order to evict a tenant, the landlord must have “good cause” to do so, which includes, but is not limited to, nonpayment of rent; nuisance; substantial damage, whether malicious or grossly negligent, to the premises or building; illegal use of the premises; or demolition. However, the law requires a landlord to obtain a court order to remove a tenant upon a showing of “good cause.” This policy automatically applies in New York City, whereas other localities may choose to opt in. There are several exemptions to the “good cause” rule, including: • Buildings constructed in 2009 or later are exempt for 30 years from the time of completion. • Apartments with a monthly rent greater than 245 percent of the fair market rent. • Units owned by small landlords who own 10 or fewer units within New York state. • Owner-occupied buildings that contain 10 or fewer units. The new provision enables tenants to challenge evictions resulting from rent increases greater than 10 percent of the existing rent or 5 percent greater than the Consumer Price Index, whichever is lower. While the 2024–2025 New York State budget demonstrates a comprehensive approach to addressing pressing societal issues, its inclusion of targeted legislation signifies a recognition of the importance of tackling the housing crisis affecting landlords, tenants and developers alike. As these initiatives unfold, it remains crucial for stakeholders to collaborate and adapt to ensure the effective execution and long-term success of these measures. Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time. Robert Khodadadian, skyline properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, The Commercial Observer, Retail For Lease, Commercial Observer, Commercial Office Lease Channel, More, Affordable Housing, Sponsored, sponsored-link, National Articles about Robert Khodadadian from Commercial Observer New York’s authority on commercial real estate leasing financing deals and culture. Read More Commercial Observer ]]>
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