Latest news with #AbyRosen
New York Post
2 days ago
- Business
- New York Post
New Manhattan homes for menswear stores Charles Tyrwhitt, Tom Ford
London-based menswear store Charles Tyrwhitt is moving from 437 Madison Ave. to RFR Realty's 477 Madison, doubling its space in the process. Tyrwhitt signed for 3,800 square at the East 51st Street corner. The deal was handled for the landlord by MONA, a retail brokerage backed by RFR's Aby Rosen. Cushman & Wakefield acted for the tenant. Charles Tywhitt has a half-dozen Manhattan locations. Advertisement The building's offices are mostly leased. Recent signings include for Treville Capital and Fiera Capital. 477 Madison Ave. will be the new home menswear store Charles Tyrwhitt. One more Park Avenue office address has filled up. Advertisement Tom Ford Fashion signed a 10-year, 11,118 square-foot lease at SL Green's 500 Park Ave., bringing the landmarked, 201,000 square-foot building at East 59th Street to 100% leased. Tom Ford Fashion has signed a 10-year lease for 500 Park Ave., above. Brian Zak/NY Post Advertisement Other office tenants include The Georgetown Company, Vera Wang and Friedland Properties. Furniture store FRATO's flagship showroom is the retail tenant. Meanwhile, the former Hammacher Schlemmer headquarters building at 145 E. 57th St. can also boast 100% occupancy. Data Science Innovators took 5,067 square feet, landlord ABS Partners announced. Danish furniture maker Carl Hansen & Son replaced Hammacher Schlemmer on the retail floors.
Yahoo
14-05-2025
- Business
- Yahoo
Amazon Takes A Further Bite Out Of The Big Apple, Closing Purchase Of 600,000 Square Feet At 522 Fifth Ave.
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Amazon (NASDAQ:AMZN)) can't get enough of the Big Apple. Weeks after the company announced a 330,000-square-foot lease signing at 10 Bryant Park, news has broken of another major real estate deal involving the tech behemoth. On May 2, the company closed on the purchase of 522 Fifth Ave., The Real Deal reported. Amazon's latest Manhattan expansion involved purchasing the 600,000 building from owner Aby Rosen's RFR Realty. Although no purchase price was disclosed, it could have been an opportune investment for Amazon as 522 Fifth Ave. had been mired in financial problems and facing foreclosure, The Real Deal reported. According to AI Invest, the $224 million debt that necessitated the foreclosure was acquired by SL Green Realty at a discount. Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Amazon's recent Manhattan office purchases underscore the company's commitment to physical office space. Its shopping spree began with the $1 billion purchase of Lord & Taylor's flagship building at 424-434 Fifth Ave. between West 38th and 39th streets, now Amazon's headquarters, and a string of other high-profile Manhattan purchases, including the recent 10 Bryant Park lease. AI Invest reported that Amazon's relentless Midtown Manhattan expansion policy relies on three core principles: Location: Its proximity to transportation and other offices has created an urban campus that also accommodates CEO Andy Jassy's hybrid work model. Employee Retention: High-end, attractive office spaces in the midst of one of the most bustling, vibrant cities in the world, with 17,000 square feet of outdoor space, boosts the employee experience. Long-Term Growth: Amazon now controls 1.5 million square feet of office space, which places it at the heart of New York's tech talent. This location also fits with its $15 billion warehouse expansion plan, which includes major U.S. cities, robotically run fulfillment centers, within a mile of final delivery points. Trending: , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Amazon's newest acquisition at 1522 Fifth Ave. is a Beaux-Arts building dating back to 1862. It adds a level of timeless prestige that could appeal to top-tier talent. It is also a bold bet on the resurgence of New York's office life. New York City isn't the only area Amazon is expanding into. The company said on April 30 that it plans to spend approximately $40 billion by the end of 2026 to bring faster shipping times to rural America, adding over 200 delivery stations and tripling the size of its existing rural network. In a statement, the company said it would cut shipping times "in half." "At a time where many logistics providers are backing away from serving rural customers because of cost to serve, we are stepping up our investment to make their lives easier and better," Udit Madan, Amazon's senior vice president of worldwide operations, said in the statement. The company said that each new facility would create 170 new jobs. The expansion in dense urban centers like Manhattan and rural areas is part of an overall strategy to speed up deliveries, CNBC reported, in some cases to just a few hours. Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Shark Tank's Kevin O'Leary called Missing Ring his biggest mistake — Don't repeat history— Image: Shutterstock Send To MSN: 0 This article Amazon Takes A Further Bite Out Of The Big Apple, Closing Purchase Of 600,000 Square Feet At 522 Fifth Ave. originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
RFR Sells The Jaffa, Achieving Record Pricing in Israel
The Jaffa. Aby Rosen's Signature Luxury Hotel Sold for $1 Million Per Key NEW YORK, May 06, 2025--(BUSINESS WIRE)--RFR announced the sale of The Jaffa, the 120-room luxury hotel destination located in its namesake neighborhood of Tel Aviv, the Jaffa waterfront district. Located on a historic site that includes elements dating back 700 years, The Jaffa is a signature achievement that RFR's Aby Rosen envisioned and developed with a professional team including architect John Pawson and preservation architect Ramy Gill. The sale price was $123 million, approximately $1 million per key, representing a record price for a hotel in Israel. The Jaffa has been credited with contributing to the transformation of the Jaffa neighborhood into a sought-after tourist locale, and is recognized for offering unsurpassed luxury amenities. "The Jaffa has been a uniquely personal experience and accomplishment for me as the developer," Mr. Rosen said. "Through a lengthy, complex design and development process that brought together an outstanding professional team, we created a property that responds perfectly to its surroundings, respecting the long and fascinating history of Jaffa while providing visitors and residence owners with a unique luxury lifestyle experience." RFR, led by Mr. Rosen, acquired The Jaffa site in 2006 and collaborated with Pawson – the British legend known for minimalist design – and Gill – a prolific Israeli architect experienced in the preservation and adaption of ancient sites – to create a thoroughly modern hospitality destination. At The Jaffa, the minimalist concepts of Pawson served to blend the beauty of new classic architecture with the preserved historic elements existing on the site. The original building was completed in 1879 by the French businessman François Guinet as a hostel for religious pilgrims on route to Jerusalem, featuring Roman Renaissance aesthetics and imported French glass and iron work. Excavations by the Antiquities Authority in anticipation of a new hotel also revealed a remnant of the Jaffa city wall from the Crusader era, approximately 700 years ago. Now incorporated into The Jaffa, the section of the round wall with light stones appears to rise up into the warmth of the elegant lobby and snakes into the hotel's courtyard. Opposite the U-shaped 1879 Guinet building, the development team designed and constructed a new, elongated building that complements the historic structure. The two buildings collectively encompass 120 rooms and 33 private residences. Within The Jaffa are several dining and nightlife destinations, including Giardino, Golda's Deli, The Pool bar, and The Chapel bar, lounge, and event space. The spa features six treatment rooms and dry and wet saunas.
Business Wire
06-05-2025
- Business
- Business Wire
RFR Sells The Jaffa, Achieving Record Pricing in Israel
NEW YORK--(BUSINESS WIRE)--RFR announced the sale of The Jaffa, the 120-room luxury hotel destination located in its namesake neighborhood of Tel Aviv, the Jaffa waterfront district. Located on a historic site that includes elements dating back 700 years, The Jaffa is a signature achievement that RFR's Aby Rosen envisioned and developed with a professional team including architect John Pawson and preservation architect Ramy Gill. The sale price was $123 million, approximately $1 million per key, representing a record price for a hotel in Israel. The Jaffa has been credited with contributing to the transformation of the Jaffa neighborhood into a sought-after tourist locale, and is recognized for offering unsurpassed luxury amenities. 'The Jaffa has been a uniquely personal experience and accomplishment for me as the developer,' Mr. Rosen said. 'Through a lengthy, complex design and development process that brought together an outstanding professional team, we created a property that responds perfectly to its surroundings, respecting the long and fascinating history of Jaffa while providing visitors and residence owners with a unique luxury lifestyle experience.' RFR, led by Mr. Rosen, acquired The Jaffa site in 2006 and collaborated with Pawson – the British legend known for minimalist design – and Gill – a prolific Israeli architect experienced in the preservation and adaption of ancient sites – to create a thoroughly modern hospitality destination. At The Jaffa, the minimalist concepts of Pawson served to blend the beauty of new classic architecture with the preserved historic elements existing on the site. The original building was completed in 1879 by the French businessman François Guinet as a hostel for religious pilgrims on route to Jerusalem, featuring Roman Renaissance aesthetics and imported French glass and iron work. Excavations by the Antiquities Authority in anticipation of a new hotel also revealed a remnant of the Jaffa city wall from the Crusader era, approximately 700 years ago. Now incorporated into The Jaffa, the section of the round wall with light stones appears to rise up into the warmth of the elegant lobby and snakes into the hotel's courtyard. Opposite the U-shaped 1879 Guinet building, the development team designed and constructed a new, elongated building that complements the historic structure. The two buildings collectively encompass 120 rooms and 33 private residences. Within The Jaffa are several dining and nightlife destinations, including Giardino, Golda's Deli, The Pool bar, and The Chapel bar, lounge, and event space. The spa features six treatment rooms and dry and wet saunas. About RFR RFR is a fully integrated real estate investment firm based in New York City with a core focus on select urban markets in the United States and Germany. Founded by Aby Rosen and Michael Fuchs in the early 1990's, the firm has been an active force in the New York City and German real estate market for much of the past three decades. RFR's portfolio has grown to include more than 100 commercial, residential, hotel, and retail properties located in select domestic and international markets.
New York Post
04-05-2025
- Business
- New York Post
Amazon closes purchase of 522 Fifth Ave.
A few weeks ago, we described Amazon as an 'ever-expanding behemoth' on the Manhattan scene, following its 330,000 square-foot lease signing at 10 Bryant Park. The deal followed its $1 billion purchase of the former Lord & Taylor building and large leases at three other buildings. But Jeff Bezos wasn't done. On Friday, Amazon closed on the purchase of 522 Fifth Ave. from Aby Rosen's RFR Realty, as reported by the Real Deal. Amazon's purchase of 522 Fifth Ave, above, closed on Friday. Google Maps The price wasn't disclosed, but the acquisition added 600,000 more square feet to Amazon's presence here. This, from a company many said would abandon New York after its bid for a regional headquarters campus in Queens was scuttled by elected officials in 2016. As CBRE dealmaker Stephen B. Siegel told us a few weeks ago, 'Never give up on New York City or the availability of capital here.'
