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Latest from Retails Details NYC

“It’s not the market I care about, it’s the deal.”

Last week, I was in the office of a Billionaire real estate investor, who was discussing all of the deals he has in progress. He’s currently acquiring hundreds of millions of dollars of NYC real estate through purchasing distressed debt, partnership buyouts, recapitalizations, and outright building sales.

New York has

Retail vacancy across the nation is down to 4.7%, the lowest it has been since 2007. One retail asset manager of over 100 shopping centers told me, “The only spaces I can’t rent are the ugly spaces, and even those are starting to get a little attention.” Add in the continuing rise of retail sales (up .02% year over year,

Last week, I asked an older gentleman how he built his $2B (B for BILLION) retail real estate empire. His answer: “Slowly”—no pause for effect—“and I bought the right locations.” As this guy sees it, the extraordinary success of his portfolio boils down to that. He kept his focus on buying top-tier locations,  and still does. Right now, he is

Pricing guidance remains a moving target for all asset classes all over the country. And for good reason, transaction volumes are down across the board. The headline YoY is a 63% decline, therefore, if there are less transaction, there are less comparable comps to gauge pricing. New York City is the same but different. The number of retail property sales

“Covid was the greatest stress-test ever for retail,” is what the CEO of a national shopping center ownership group told me earlier this month. That CEO, like nearly everyone else I speak to, is bullish on retail. He recently convinced his board of directors to increase the company’s spending budget for the remainder of the year from $1B to $1.2B.

Two weeks ago, I had a conversation with an investor who owns and operates over two hundred shopping centers in twenty-five states from Florida to Alaska, and who is looking to place a pretty hefty investment into New York City Retail. He shared a sentiment that I’ve been hearing a lot lately, which is that the biggest obstacle in today’s

In early March, I sat down with a landlord in a diner in Borough Park, Brooklyn to discuss options for his retail buildings in the area. As we drilled down on the possibilities, he paused and said to me, “Trever, there is a saying in Yiddish which goes, ‘When the Ashkenazi sell, they regret it. And when the Persians buy,

Early this month, an 87-year-old New York City retail landlord told me that,“Buying into the Dollar is just investing into a belief system.” Making the case for why he’s still buying retail properties, he added, “With retail, I am buying into New York’s population, compounded by appreciation.” Contrary to ageist stereotypes, he is well versed in Omni-Channel retailing, and keenly