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Mitsosa Group to open second Manhattan location
New York City -- Winick Realty Group LLC said that luxury luggage retailer Mitsosa Group has leased its second Manhattan location at 40 East 55th Street, between Fifth and Sixth Avenues.
The 1,150-sq.-ft. store is expected to open in late summer or early fall, and will feature 35 feet of frontage on 55th Street.
According to Winick, the retailer is looking at other tourist-driven areas throughout Manhattan with plans to open three stores within the next 18 months. -
Pine Tree Commercial Realty forms JV with Silverpeak Real Estate Partners
Northbrook, Ill. -- Pine Tree Commercial Realty and New York City-based Silverpeak Real Estate Partners announced they have formed a joint venture with the goal of acquiring retail assets and portfolios across the United States.
According to Chris Westfahl, principal of Silverpeak, and Peter Borzak, co-founder and principal of Pine Tree, the new JV – Pine Tree Silverpeak Retail Partners LLC – plans to pursue transactions greater than $10 million and across the risk spectrum, ranging from raw land for development to stabilized core assets.