Battle rages for $100M settlement to Valentino’s Fifth Ave. landlord
A $100 million settlement was not enough to settle all of the differences at a Fifth Avenue retail property....
Fifth Avenue Retail
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Manhattan retail rents tick up as recovery slogs along
Manhattan retail rents are on the rise, but remain below pre-pandemic peaks. Of the 17 major Manhattan retail corridors...
Valentino settles Fifth Ave pandemic rent dispute
Valentino fled for Soho more than a year ago, but only now is the retailer putting its Fifth Avenue...
Swarovski to shine at forthcoming Fifth Ave flagship
Swarovski is ready to shine bright like a diamond at a new flagship store on Fifth Avenue. The crystal...
Steve Roth: NYC retail might never fully recover
New York’s high-street retail landlords might never again collect the astronomical rents of the pre-pandemic era, Vornado Realty Trust’s...
Manhattan retail rents fell without tourists, office workers
As Manhattan misses office workers and international tourists, retail rents in the borough are struggling to meet pre-pandemic levels....
NYC retail has hit bottom: Roth
New York City retail has bottomed out and will recover, but may never get back to where it was, according to Vornado’s Steven Roth. The market is building a base from which to climb...
NBA store settles rent-collection lawsuit suit with landlord Moinian Group
He shoots, he… settles? The lawsuit between landlord Moinian Group and the National Basketball Association’s retail arm regarding the...
Diamond District building sold for $101M
After nine months on the market, Severn Realty Partners’ mixed-use building in the heart of Manhattan’s Diamond District has sold for $101 million. The nearly 80,000-square-foot, 12-story building at 576 Fifth Avenue, on the...
MAC wants to sublease 4 NYC stores
MAC Cosmetics is the latest brand to try its hand on the retail subleasing market. The four stores that the cosmetics brand is looking to sublease are located at 165 Smith Street in Brooklyn,...