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Commercial Observer
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Edited by Jotham Sederstrom | Jsederstrom@observer.com

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Thursday July 11, 2013
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British Candy Shop to Reopen in West Village

BY GUS DELAPORTE

The London Candy Company, a British candy and coffee retailer is relocating from the Upper East Side to the West Village, having signed a 1,000-square-foot lease at 267 Bleecker Street.

“The London Candy Company is moving to a location where they will benefit from significantly enhanced foot traffic,” noted Justin Fantasia, associate at RKF, who represented the tenant, in a statement. “They’ll enjoy increased brand exposure to a wide variety of potential customers.”

To read the full story, click here.

Zar Property NY Markets Soho Retail Space

BY AL BARBARINO

Zar Property NY is marketing a prime 10,500-square-foot Soho basement space underneath 42-44 and 46-50 Greene Street as a retail space without retail rents.

At $67 per square foot, the price tag rings in at a fraction of what some retail space on the block commands, in some cases at upwards of several hundred dollars per foot, said David Zar, head of leasing at the firm.

To read the full story, click here.

Retail & Office Space Hits Market on Lafayette

BY BILLY GRAY

Tarter Stats O’Toole has announced a plum exclusive assignment and will market nearly 15,000 square feet of retail and office space in one of the hottest intersections below 14th Street.

The firm’s work at 419 Lafayette Street will bring it to Lafayette Street between Astor Place and East 4th Street and within easy reach of The Public Theater, Blue Man Group, Crunch gym, perennially buzzing restaurant Indochine and the fresh, hyped up brasserie Lafayette.

To read the full story, click here.

Creative & Tech: Not Just North Brooklyn

BY CHRIS HAVENS

Dumbo, which garnered its fame as a home for creative and tech by packing tenants into one small neighborhood, now has but a handful of spaces available. Also, the demand-supply spread is way out of whack in Williamsburg, due to a lack of product, fine area amenities, hip residents and the vibrant tenant market.

Clearly these two neighborhoods, now at 99 percent occupancy, need both more space and alternatives to take the pressure off.

To read the full story, click here.

How Healthy Are Tech & New Media Industries?

BY DAVID GREENE

How exciting has this tech and new media expansion been for our business and for our great city?

Technology and new media firms have created thousands of new jobs and have leased millions of square feet in the last four years. They have re-energized our business and the City of New York, affecting not only employment but also transportation, housing and local businesses, and reinvigorating neighborhoods as well. They have also been at the forefront of changing the way that people use their office space and even the way people dress when they come to work.

With the advent of technology, most companies can empower their employees and staff by granting them access to their work online even when off campus. Landlords have also taken notice and have adapted through creative reuse of space; they are building new office floors with the “open feel” in mind. It seems that “suites”-type companies have taken office space in almost every major building in Manhattan, leasing floors and often expanding once they are in place, as they attract startups and incubators, so many of which are in the technology and new media fields.

To read the full story, click here.

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