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Real Estate Weekly

Demise of retail has been greatly exaggerated

The annual ICSC New York conference kicked off this year by confronting the elephant in the room head on through a marketing campaign.

Large billboards in the Javits Center, along with online and print ads touted the website shoppingforthetruth.com, part of a campaign by ICSC called “The Truth,” which seeks to dispel rumors about the industry and “learn the truth about the evolution of retail real estate,” according to one print ad.

It was a clever way to handle the changes the industry is going through at the moment, changes that some New York brokers said haven’t hit the local market as hard as the rest of the country.

“I’m definitely optimistic,” said Danielle Winick, of Winick Realty. “I’m incredibly busy and I’m positive about it, and I’m looking forward to a new year starting off strong with some deals that are going to push through then and close.”

Winick said landlords are changing their perspective and becoming more reasonable, like allowing more short-term deals and pop-ups, something they may not have considered previously.

“I know there’s a lot of articles about retail dying, but in a city like New York, I don’t think it’s as relevant,” said Winick. “There’s so much tourism, there’s so much office density and residential density, that people are always going to want places to go to get out of the house. GO look, feel, touch, and it’s about retailers evolving a little bit and just kind of changing the way they see it.”

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rew_121217_Demise of retail has been greatly exaggerated

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

Real Estate Weekly

IN PHOTOS: ICSC NY 2017 conference at the Javits Center

New York’s annual ICSC Deal Making conference kicked off yesterday, Dec. 6, at the Javits Center.

Attendance is expected to top 11,000 for the first time, which would set a conference record, up from last year’s roughly 10,300 attendees, according to Timothy McGuinness, ICSC’s vice president of global trade expositions. The show has been held at the Javits Center since 2014, but this year’s conference space is to increase by 25 percent, to nearly 221,000 square feet.

For more, download the full article in PDF

rew_120717_IN PHOTOS ICSC NY 2017 conference at the Javits Center

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

ICSC New York from the floor

The International Council of Shopping Centers’ annual New York Deal Making conference kicked off Wednesday, with thousands of brokers, owners and other real estate professionals arriving at the Jacob K. Javits Center on Manhattan’s West Side for the first day of the two-day event.

Agents from the top firms as ranked this month by The Real Deal, such as RKF’s Ariel Schuster, Winick Realty Group’s Jeff Winick, Cushman & Wakefield’s Joanne Podell and Newmark Knight Frank’s Jeff Roseman, were looking to find, advance or close deals.

The crowd ebbed and flowed, and brokers speaking with TRD had a hard time deciding if the event was more or less crowded than in prior years. ICSC, for its part, expects about 10,000 attendees will walk the show.

The show comes as retail deals are taking longer to close and are more complex, insiders said.

For more, download the full article in PDF

THE REAL DEAL_120717_ICSC New York from the floor

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

New York Real Estate Journal

Walter & Samuels and Winick negotiate lease for Hao Noodle

According to Walter & Samuels, Inc., Hao Noodle & Tea by Madame Zhu’s Kitchen has signed a 15-year lease for 4,100 s/f of retail space at 343 West 14th St. in the Meatpacking District for its second area location.

According to Walter & Samuels chairman David Berley, who has owned the building for 11 years, restaurateur and owner Zhu Rong established her brand with a popular chain of restaurants in China before entering the North American market. Hao Noodle & Tea opened its first restaurant at 401 Sixth Ave. in the Greenwich Village, another Berley-owned property.

“We are pleased to provide Hao Noodle & Tea its second restaurant location on a prime stretch of West 14th Street with great visibility and foot traffic, which will build on the success of the restaurant’s first location,” said Berley, who as an owner of area retail for almost 50 years, has leased space to restaurants that include Tony May, Le Coq Rico and Quo Vadis.

Located between Eighth and Ninth Aves., the space features 2,500 s/f of ground-level retail with a new glass storefront, skylight, exposed brick, and 1,600 s/f in the basement.

Winick executive vice president Lee Block and associates Danielle Winick and Renee Tabache partnered with Steven Forest, a senior executive managing director at Walter & Samuels, Inc., the building’s management company, to represent the owner.

“Hao Noodle & Tea will benefit from a vibrant and diverse neighborhood that includes the world’s top fashion, media, entertainment and retail tenants, as well as proximity to the High Line and the Meatpacking District’s sole subway station, just a half a block away,” said Block, who noted that the restaurant plans to continue expanding across the East Coast.

Built in 1920, 343 West 14th Street is a five-story residential building with 16 apartments and a premium ground floor retail space. The surrounding area includes the recently completed condominium building 345meatpacking, the High Line, and area business that include Apple, Sephora, Columbia Sportswear, Sorel, Hugo Boss, and many others.

For more, download the full article in PDF

NYRE Journal_070417_Walter & Samuels and Winick negotiate lease for Hao Noodle

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

New York Real Estate Journal

Block and Winick of Winick represent Gracia Fashion in 9,500 s/f lease at 225 West 39th St.

225 West 39th StreetAccording to Walter & Samuels, Inc., women’s clothing brand Gracia Fashion has signed a 10-year lease for 5,000 s/f of ground-level and 4,500 s/f of lower level retail space at 225 West 39th St. between Seventh and Eighth Aves. in the Fashion District, proximate to Times Sq. and Herald Sq.

According to Walter & Samuels chairman David Berley, who has owned the building for over 30 years, the location features high ceilings and 45 ft. of visible frontage along West 39th St., making it an ideal retail outpost.

Winick executive vice president Lee Block and associate Danielle Winick represented the tenant. The Winick team partnered with Peter Weiss, principal and senior executive managing director at Walter & Samuels, Inc., the building’s management company, to represent the building ownership.

“This Fashion District asset is a wonderful historical building with great bones,” said Berley. “Yet, our interior offers fully modernized office and retail opportunities that we occupy with strong tenants, including world famous Israeli American fashion designer Yigal Azrouël and now Gracia Fashion, which has been a Fashion District retailer for many years.”

“Gracia Fashion is a successful women’s clothing brand with a solid reputation born from a loyal customer base and a long-standing history in the Midtown West neighborhood,” said Block. “We look forward to bringing Gracia Fashion into the building and having that relationship for years to come.”

Built in 1910, 225 West 39th St. features 90,000 s/f of loft space for office, showroom and retail uses across 12 floors. The surrounding area has numerous transportation options and amenities that include Skylark, Black Iron Burger and Ben’s Delicatessen.

Gracia Fashion was launched in 1998 and today is a recognizable brand in the international fashion scene. The label has been featured in In Style, Lucky, Cosmopolitan, Latina, WWD Magazine, People Magazine and Life & Style Magazine, among others. Gracia continues to create innovative styles that inspire fashion trends and gain the admiration of stylish women around the world.

Walter & Samuels, Inc. is one of New York’s most long-standing full-service real estate firms. Founded in 1933, the firm specializes in building management, leasing, asset management, financial analysis, coop and condo conversions, construction, and development. In addition to managing over three million square feet of commercial space, Walter & Samuels, Inc. is among the most successful and established converters in Manhattan, where it has performed over 30 major residential cooperative and condominium conversions.

For more, download the full article in PDF

NYRE Journal_060617_Block and Winick of Winick represent Gracia Fashion in 9,500 sf lease at 225 West 39th St.

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

New_York_Post_logo

New Chinese joint coming to Meatpacking District

dumplingsManhattan is rediscovering its love affair with Chinese food.

Hao Noodle & Tea by Madam Zhu’s Kitchen, an authentic import from China, is opening in the Meatpacking District.

The chain launched its 4800-square-foot flagship eatery in Greenwich Village last year.

The new eatery at 343 W. 14th St. is slated to open this fall. It’s 2,500 square feet with a 1,600-square-foot basement.

Both restaurants are in buildings owned by Walter & Samuels.

Winick’s Lee Block, Danielle Winick and Renee Tabache partnered with Walter & Samuels’ Steven Forest to represent the owner.

For more, download the full article in PDF

NY Post_053017_New Chinese joint coming to Meatpacking District

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.