New York City — New York’s Upper Fifth Avenue is the most expensive retail street in the world with rents rising to $3,500-per-square-foot in 2015, according to the Main Streets Across the World report by Cushman & Wakefield.
New York City — Kushner Cos. has purchased the 250,000-square-foot retail component of the historic Times Square Building for $296 million.
New York City — Thor Equities has signed an agreement to sell the retail condo at 445 Fifth Ave. in Midtown Manhattan to Harbor Group International for $68 million.
Niagara Falls, N.Y. — Six new stores are set to open at Fashion Outlets of Niagara Falls USA this fall.
Atlanta — Atlanta-based RCG Ventures Fund III has acquired three shopping centers located in Alabama, New York and Missouri.
New York — J.P. Morgan is the lead lender of the $150 million acquisition financing for 520 Fifth Avenue, a development site located at the southeast corner of 43rd Street and Fifth Avenue in Manhattan.
Harrison, N.Y. — Urstadt Biddle Properties Inc. has acquired the Harrison Shopping Center, a 25,000-square-foot, grocery-anchored center located in Harrison, roughly 25 miles outside New York City, in an all cash transaction.
New York — Holliday Fenoglio Fowler LP (HFF) has arranged the $44 million refinancing of a fully occupied retail condominium located in Manhattan’s Chelsea neighborhood.
New York City — SL Green Realty Corp. has inked a 10-year lease with Adidas to occupy retail space at its 115 Spring St. property in the Manhattan neighborhood of SoHo.
Smithtown, N.Y. — Marcus & Millichap has arranged the $10.4 million sale of a 14,460-square-foot Walgreens drugstore on the North Shore of Long Island in Smithtown.