• Holiday shopping exceeded expectations, with many retailers posting solid sales growth over last year.
  • Iconic toy retailer FAO Schwarz, Inc. plans to open a new store in New York City at 30 Rockefeller Center after closing its doors at the GM Building in 2015.
  • The Marriott Edition Hotel at 20 Times Square topped out at 39 stories. Its 76,000 sq. ft. of street-level retail space is home to experiential concepts by the NFL and the Hershey Company.
  • Essex Crossing, the mixed-use development on the Lower East Side with 400,000 sq. ft. of retail space, secured financing for another stage of development at 180 Broome Street.