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Wednesday September 25, 2013
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| Manganaro’s Staves Off Closure, Renews Lease |
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BY AL BARBARINO
Just when it seemed that the storied saga of Manganaro’s on Ninth Avenue was reaching a conclusion, the famous sub shop has reached a deal to postpone what seemed like an imminent closure.
Last week The Commercial Observer reported that the famed Manganaro’s Hero Boy would be moving out of its West Side home after the $15.75 million sale of the building it occupies and an adjacent building, but the storied shop has struck a deal with new ownership at 492-494 Ninth Avenue to stay in place for the duration of a new long-term lease, sources said.
To read the full story, click here.
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| Appboy Relocating to 263 West 38th Street |
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BY GUS DELAPORTE
Appboy, a mobile relationship management platform, has signed a five-year deal for the entire 6,500-square-foot 16th floor at Handler Real Estate’s 263 West 38th Street, The Commercial Observer has learned. Asking rent for the space was in the mid-$30s per square foot.
“Appboy was in expansion mode and we found a good deal on an efficient floor with solid light on three sides,” said Daniel Lolai of Murray Hill Properties, who represented the tenant. “It’s a solid deal for a tech company.”
To read the full story, click here.
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| TD Bank to Replace Shuttered Barnes & Noble |
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BY BILLY GRAY
A former Greenwich Village branch of the beleaguered book chain Barnes & Noble is set to become a TD Bank, it was confirmed this week.
Rumors of the bank’s arrival began circulating among Villagers last week, nine months after the 396 Avenue of the Americas Barnes & Noble shuttered. The bookstore was pushed out of the prominent, highly-trafficked corner spot by, in the words of assistant manager Donald Kemp, “a HUGE rent hike.”
To read the full story, click here.
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| Small but Feisty: Submarkets With Big Heart |
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BY ROBERT SAMMONS
Typically, I write about big-picture items, such as the overall New York City economy or the major Manhattan submarkets. I have managed to work in a few tidbits on areas such as Dumbo, but that has been the exception rather than the rule.
This week, though, I’ve decided to focus on Newmark Grubb Knight Frank’s two smallest submarkets in Manhattan (as measured by inventory): the Village and Lower Sixth Avenue.
To read the full story, click here.
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| Two Foodie Events Worth Talking About |
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BY JOSH SIEGELMAN
Summer is coming to a close, and the air has become cool and crisp. While fall harvest and menu changes begin to unfold, there have been two recent events that I can’t help but talk about.
This last week’s Harvest in the Square and Diner en Blanc events were certainly ones to remember! While each venue attracted a different realm of personalities and backgrounds, foodies united on each front to be a part of these special occasions.
To read the full story, click here.
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