ABC Carpet & Home shopping Flatiron HQ: sources

It may soon be time for ABC Carpet & Home to roll out a welcome mat for a new owner of its longtime headquarters. The luxury carpet and rug purveyor is shopping around its property at 880-888 Broadway, an office-and-retail condominium that sources said could fetch upwards of $200 million, or over $2,600 per square […]

Architecture review: Bringing romance back to retail

From the July issue: These are not happy times for department stores. The rise of online merchants and discount chains, along with the shift in consumers’ buying habits, have cut into their sales and forced the closure of hundreds of branches. Over the past 12 months, Macy’s stock has plummeted by more than 52 percent. Yet […]

Scorecard: Retail tenants spooked by high rents

From the May issue: Retail leasing picked up last month in prime parts of Manhattan but still remains below the monthly average for the last year. Over the past 30 days, retailers signed leases for 232,190 square feet at 83 locations below 65th Street in Manhattan. While that’s up from earlier this year, it’s still […]

Queens investor in contract on Chinatown retail condo for $28M

11 East Broadway in Chinatown Gurpreet Singh, a Jamaica, Queens-based investor, is in contract to acquire a three-floor retail condominium unit in Chinatown for $28 million, sources told The Real Deal. Singh’s Jamaica Woods Holding LLC is paying $1,664 per square foot for the nearly 17,000-square-foot property, consisting of the first three floors and basement […]