NEW IN TOWN
To submit company openings, moves or real estate deals, or to receive further information, email ForTheRecord@crainsnewyork.com.
Do
550 LaGuardia Place
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The new dessert shop in Greenwich Village serves up cookie dough that is safe for regular consumption. It’s available by the scoop, in a milk shake or ice-cream sundae, or even as a dog-friendly treat.
The Drift
579 Meeker Ave., Brooklyn
The team behind The Commodore and El Cortez opened this restaurant and dive bar in Greenpoint. The menu features Southern cuisine.
Pourt
35 Cooper Square
This freelancer-friendly café and co-working space opened in the East Village. The workspace has 18 desks and a five-person conference room and offers bottomless coffee to visitors who pay by the hour.
River Coyote
121 Ludlow St.
This coffee shop that doubles as a wine bar opened on the Lower East Side. It offers 16 varieties of wine on tap, plus draft beers, ciders and espresso drinks.
MOVES AND EXPANSIONS
Bonjour Crêpes & Wine
34-10 30th Ave., Queens
The Manhattan-based crêperie and wine bar opened its third location, in Astoria.
Eatsa
666 Third Ave.
The San Francisco–based “quinoa Automat” opened its second Midtown East location. The fully auto- mated restaurant serves quinoa bowls and salads from glass cubbies.
Gotham Market at The Ashland
590 Fulton St., Brooklyn
Gotham Organization opened its second upscale food court, in Fort Greene, with nearly 400 seats. Its other location is in Hell’s Kitchen.
Lafayette 148 New York
Flushing Avenue at Vanderbilt Avenue
The SoHo-based global fashion brand is relocating its headquarters and related operations to Building 77 in the Brooklyn Navy Yard, where it will occupy 68,000 square feet. The company plans on keeping its concept store at 148 Lafayette St. in Manhattan.
Spot Dessert Bar
39-16 Prince St., Queens
The Asian-American dessert bar opened its newest location, in Flushing, with a menu designed by award-winning chef Ian Kittichai.
BANKRUPTCIES
Association for Metroarea Autistic Children Inc.
25 W. 17th St.
The association filed for Chapter 11 bankruptcy on Jan. 20. The filing cites estimated assets and liabilities of $1,000,001 to $10 million. The creditors with the largest unsecured claims are 17-18 Management Co., owed $549,734.45; Boy Scouts of America/Greater NY Councils Camping Services, owed $63,108; and Business Technology Partners, owed $37,500.
Avaya Services Inc.
2 Penn Plaza
The company filed for Chapter 11 bankruptcy on Jan. 19. The filing cites estimated assets of $0 to $50,000 and liabilities of $1,000,000,001 to $10 billion. The creditors with the largest unsecured claims are Wistron InfoComm Technology (America), owed $8,843,104.85; Avnet Inc., owed $8,822,799.15; and Hewlett Packard Enterprise Co., owed $5,227,622.28.
Il Valentino Restaurant Inc.
1076 First Ave.
The company filed for Chapter 11 bankruptcy on Jan. 25. The filing cites estimated assets of $0 to $50,000 and liabilities of $100,001 to $500,000. The creditors with the largest unsecured claims are the state Department of Taxation and Finance, owed $195,365.53; Bridge Apartments Co., owed $95,114.81; and Strassburger Meats, owed $12,500.
Linden 829 Corp.
1512 E. 94th St., Brooklyn
Linden filed for Chapter 11 bankruptcy on Jan. 30. The filing cites estimated assets of $500,001 to $1 million and liabilities of $100,001 to $500,000. The filing included no creditors with unsecured claims.
Real Estate
Retail
51 Macdougal purchased a townhouse at 51 Macdougal St. for $9.85 million. The 4,200-square-foot, 4-story building previously housed Something Special, a mailbox-rental shop that was frequented by Sarah Jessica Parker and other celebrities. Eastern Consolidated represented the seller, the estate of Lucy and Lenny Cecere, and the buyer in the deal.
BLDG Management Co. acquired a 2-story retail building at 7 E. 53rd St. for $15.25 million. Bakery chain Le Pain Quotidien currently occupies the approximately 5,285- square-foot building between Fifth and Madison avenues. Eastern Consolidated represented the seller, Bank of the Philippines, and procured the buyer.
Commercial
Xerox inked a five-year lease for 26,714 square feet at 485 Lexington Ave. The copier and printing company will move into a portion of the 25th floor of the 32-story building between East 46th and East 47th streets. CBRE represented the tenant. The landlord, SL Green Realty Corp., was represented in-house. The asking rent was $72 per square foot.
Law firm Greenspoon Marder signed a seven-year sublease for 25,000 square feet at 590 Madison Ave. The firm will occupy the entire 18th floor of the building beginning in March. The asking rent was around $145 per square foot. Savills Studley represented the subtenant. The sublandlord, Washington, D.C.–based law firm Crowell & Moring, was represented by CBRE.
Miami-based truck- rental company Ryder System signed a five-year lease for a 23,000-square-foot site at 1050 Pacific St. in Prospect Heights, Brooklyn. The asking rent was $12 per square foot. All Points Real Estate represented the landlord, 1050 Pacific, while Newmark Grubb Knight Frank represented the tenant.
Custom cabinetry and millwork company Cabinets by Stanley Inc. signed a five-year lease to relocate its headquarters from 43 Hall St. in Clinton Hill, Brooklyn, to 1830 Atlantic Ave. The company will occupy 5,000 square feet in the 220,000-square-foot Halsey Industrial Complex building in Crown Heights. Pinnacle Realty represented the tenant, while Kalmon Dolgin Affiliates represented the landlord. The asking rent for the space was $16.50 per square foot. ?
Bankruptcy filings from the eastern and southern districts of New York are listed alphabetically. Stock transactions are insider transactions at New York companies obtained from Thomson Reuters and listed by size. Real estate listings are in order of square footage.
To submit company openings, moves or real estate deals, or to receive further information, email ForTheRecord@crainsnewyork.com.
Do
550 LaGuardia Place
The new dessert shop in Greenwich Village serves up cookie dough that is safe for regular consumption. It’s available by the scoop, in a milk shake or ice-cream sundae, or even as a dog-friendly treat.
The Drift
579 Meeker Ave., Brooklyn
The team behind The Commodore and El Cortez opened this restaurant and dive bar in Greenpoint. The menu features Southern cuisine.
Pourt
35 Cooper Square
This freelancer-friendly café and co-working space opened in the East Village. The workspace has 18 desks and a five-person conference room and offers bottomless coffee to visitors who pay by the hour.
River Coyote
121 Ludlow St.
This coffee shop that doubles as a wine bar opened on the Lower East Side. It offers 16 varieties of wine on tap, plus draft beers, ciders and espresso drinks.
Bonjour Crêpes & Wine
34-10 30th Ave., Queens
The Manhattan-based crêperie and wine bar opened its third location, in Astoria.
Eatsa
666 Third Ave.
The San Francisco–based “quinoa Automat” opened its second Midtown East location. The fully auto- mated restaurant serves quinoa bowls and salads from glass cubbies.
Gotham Market at The Ashland
590 Fulton St., Brooklyn
Gotham Organization opened its second upscale food court, in Fort Greene, with nearly 400 seats. Its other location is in Hell’s Kitchen.
Lafayette 148 New York
Flushing Avenue at Vanderbilt Avenue
The SoHo-based global fashion brand is relocating its headquarters and related operations to Building 77 in the Brooklyn Navy Yard, where it will occupy 68,000 square feet. The company plans on keeping its concept store at 148 Lafayette St. in Manhattan.
Spot Dessert Bar
39-16 Prince St., Queens
The Asian-American dessert bar opened its newest location, in Flushing, with a menu designed by award-winning chef Ian Kittichai.
Association for Metroarea Autistic Children Inc.
25 W. 17th St.
The association filed for Chapter 11 bankruptcy on Jan. 20. The filing cites estimated assets and liabilities of $1,000,001 to $10 million. The creditors with the largest unsecured claims are 17-18 Management Co., owed $549,734.45; Boy Scouts of America/Greater NY Councils Camping Services, owed $63,108; and Business Technology Partners, owed $37,500.
Avaya Services Inc.
2 Penn Plaza
The company filed for Chapter 11 bankruptcy on Jan. 19. The filing cites estimated assets of $0 to $50,000 and liabilities of $1,000,000,001 to $10 billion. The creditors with the largest unsecured claims are Wistron InfoComm Technology (America), owed $8,843,104.85; Avnet Inc., owed $8,822,799.15; and Hewlett Packard Enterprise Co., owed $5,227,622.28.
Il Valentino Restaurant Inc.
1076 First Ave.
The company filed for Chapter 11 bankruptcy on Jan. 25. The filing cites estimated assets of $0 to $50,000 and liabilities of $100,001 to $500,000. The creditors with the largest unsecured claims are the state Department of Taxation and Finance, owed $195,365.53; Bridge Apartments Co., owed $95,114.81; and Strassburger Meats, owed $12,500.
Linden 829 Corp.
1512 E. 94th St., Brooklyn
Linden filed for Chapter 11 bankruptcy on Jan. 30. The filing cites estimated assets of $500,001 to $1 million and liabilities of $100,001 to $500,000. The filing included no creditors with unsecured claims.
Retail
51 Macdougal purchased a townhouse at 51 Macdougal St. for $9.85 million. The 4,200-square-foot, 4-story building previously housed Something Special, a mailbox-rental shop that was frequented by Sarah Jessica Parker and other celebrities. Eastern Consolidated represented the seller, the estate of Lucy and Lenny Cecere, and the buyer in the deal.
BLDG Management Co. acquired a 2-story retail building at 7 E. 53rd St. for $15.25 million. Bakery chain Le Pain Quotidien currently occupies the approximately 5,285- square-foot building between Fifth and Madison avenues. Eastern Consolidated represented the seller, Bank of the Philippines, and procured the buyer.
Commercial
Xerox inked a five-year lease for 26,714 square feet at 485 Lexington Ave. The copier and printing company will move into a portion of the 25th floor of the 32-story building between East 46th and East 47th streets. CBRE represented the tenant. The landlord, SL Green Realty Corp., was represented in-house. The asking rent was $72 per square foot.
Law firm Greenspoon Marder signed a seven-year sublease for 25,000 square feet at 590 Madison Ave. The firm will occupy the entire 18th floor of the building beginning in March. The asking rent was around $145 per square foot. Savills Studley represented the subtenant. The sublandlord, Washington, D.C.–based law firm Crowell & Moring, was represented by CBRE.
Miami-based truck- rental company Ryder System signed a five-year lease for a 23,000-square-foot site at 1050 Pacific St. in Prospect Heights, Brooklyn. The asking rent was $12 per square foot. All Points Real Estate represented the landlord, 1050 Pacific, while Newmark Grubb Knight Frank represented the tenant.
Custom cabinetry and millwork company Cabinets by Stanley Inc. signed a five-year lease to relocate its headquarters from 43 Hall St. in Clinton Hill, Brooklyn, to 1830 Atlantic Ave. The company will occupy 5,000 square feet in the 220,000-square-foot Halsey Industrial Complex building in Crown Heights. Pinnacle Realty represented the tenant, while Kalmon Dolgin Affiliates represented the landlord. The asking rent for the space was $16.50 per square foot. ?
Bankruptcy filings from the eastern and southern districts of New York are listed alphabetically. Stock transactions are insider transactions at New York companies obtained from Thomson Reuters and listed by size. Real estate listings are in order of square footage.
A version of this article appears in the February 13, 2017, print issue of Crain’s New York Business as “For the record”.
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