lease beat

Time Warner Center. (Courtesy Property Shark)

C. Wonder Deal Inked at Time Warner Center

C. Wonder, the preppy apparel and accessories retailer launched last year by designer Tory Burch’s ex husband, Christopher Burch, has signed on for a space at Time Warner Center, according to sources familiar with the deal.

The store, which opened another Manhattan store last October in Soho, will take about half of the roughly 15,000 square feet formerly occupied by the now-defunct bookstore chain Borders on the retail complex’s second floor. Read More

Everything Must Go

Borders Begins Liquidation Sales At Its 399 Bookstores

Borders Books: the Reckoning

A former employee of Borders writes a tell-all about the experience as the bookstore chain goes under for good. He reserves his most potent derision for Borders’ decision to avoid building its business online:

In 2001, Borders would go on to partner with Amazon.com, allowing the online book retailer to handle their internet Read More

Book Sales

Everything must go.

Borders Faces Liquidation

Borders, the second-largest bookstore chain in America, only has 400 stores still open, but the deadline for bids in an auction to keep it from liquidation passed yesterday evening with no takers. The end is near.

Excluding the airports, New York City only has two stores still open, at Columbus Circle and Penn Station. Read More

Tales of Retail

Report: Borders Bankruptcy to Give Nearby Stores the Blues

Not only are three of New York’s eight Borders stores closing–news passed along after Borders’ anticipated filing of Chapter 11–but projections from the CoStar group foresee vacancy rates for nearby retailers to increase.

Basically, Borders has the flu, and now nearby stores can expect to catch a cold.

The CoStar projections see vacancy rates climbing Read More

Schumer Would Like Arizona to Wait on ‘Wrong-Hearted’ Immigration Bill

Senator Chuck Schumer is asking Arizona Governor Jan Brewer to wait on the state’s controversial immigration bill.

“I cannot agree more that urgent federal action is necessary this year to address our broken immigration system–which currently produces an unsustainable situation where thousands of people cross our southern border illegally each day. I fully appreciate that, Read More

Report: Barnes & Noble Doesn’t Want to Buy Borders

Citing people familiar with the situation, The Wall Street Journal reports this morning that Barnes & Noble is not interested in making a bid for Borders, which put itself up for sale in the spring. Rumors that B&N was going to acquire the ankle-biting second-largest-bookstore-chain-in-the-country freaked out everyone in publishing for a minute there, Read More

Wednesday: Borders in Brooklyn

We’re a little late this morning because Riva Froymovich, our trusty and talented Real Estate intern, had her last day yesterday, and, well, I hadn’t realized how labor-intensive these morning-read entries are.

Anyway, here’s what we’ve been reading on the Web this morning:

  • Charlie Bagli’s take on the latest Silverstein/Ground Zero developments. (The New Read More

  • Eight Day Week

    Wednesday 4th

    John Kerry emerged from the Democratic National Convention in Boston with virtually zero bounce in the polls -maybe it’s time to drop-kick that nincompoop Ben Affleck off the campaign bus, Teresa …. Meanwhile, New York’s own political agitator, the meek but fierce Moby , pops up on the roof of 60 Thompson Read More