Fifth Avenue Retail


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Fifth Avenue takes another hit: Tommy Hilfiger is leaving its flagship

Another Fifth Avenue fashion titan has announced it will shutter its flagship on the famed shopping strip, serving a...

By the numbers: Fifth Avenue’s pricey retail rents have prompted luxury retailers to flee the tony stretch

Fifth Avenue is in a liquidation mode of sorts — at least when it comes to mega retailers. In the past six months alone, Versace,...

Thor Equities is in a very precarious position at 597 Fifth

Lululemon’s departure from 597 Fifth Avenue could put Thor Equities in a pickle. The retailer’s impending vacancy again puts...

Versace joins slew of retailers leaving
Fifth Avenue

Versace will become the latest high-profile retail tenant to leave Fifth Avenue. The brand’s flagship store at Crown Acquisition’s...

Gap to close Fifth Avenue location next year

The Gap is closing down its Fifth Avenue store at the beginning of next year. Earlier this year, the...

Manhattan’s turbulent leasing market, Brooklyn’s bubble and more of the biggest trends in CRE right now

Post-recession record nears for Manhattan office leasing market A Colliers International report showed nearly 4 million square feet of Manhattan office leasing activity in...

After 123 years, Henri Bendel is closing. And it’s leaving a lot of retail space behind

Amid sluggish sales, Henri Bendel is closing all 23 of its departments stores. Parent company L Brands announced Friday...

Death of retail? Not so fast: Stores find ways to adapt

While many retailers continue to struggle to compete against the likes of Amazon, others are learning how to adapt....

Tiffany will pay up to $250M to renovate flagship store

Jewelry store Tiffany & Co. announced on Tuesday a major renovation and expansion plan of its flagship Manhattan store...

Retail rents in Manhattan keep going down

Retail rents keep declining in New York, and the city’s poshest neighborhoods are not exempt. In fact, they are among the hardest hit. The most expensive real estate in Manhattan is on Fifth Avenue...

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