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...
Fifth Avenue Retail
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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,...
Gucci renews lease in Trump Tower
Some businesses have attempted to disaffiliate themselves from Former President Donald Trump. Gucci is not among them. The luxury fashion house recently renegotiated and extended its lease at Trump Tower on Fifth Avenue, the...
Ralph Lauren, Shvo Group feuding over Fifth Ave sublease
Who deserves to be on Fifth Avenue? That question is at the heart of a legal battle between Ralph...
NBA owes Moinian $7.5M in rent for Fifth Ave store
UPDATED, Jan. 15 2020, 4:15 p.m.: Talk about a foul: The NBA Store at 545 Fifth Avenue, which has...
Manhattan retail rents hit new lows
The coronavirus pandemic has undoubtedly taken a huge toll on Manhattan’s retail sector, leading to stores closing and rents dropping along even the most posh shopping corridors. But those problems were in place well...
Why these retailers opened in midst of pandemic
In the past eight months, Park Slope’s Fifth Avenue has shriveled up and sprung back to life, even as...
Chopard moving flagship to Fifth Avenue
The luxury jeweler Chopard is giving some sparkle to a suffering market with a new lease at the Crown Building, where it will open opposite Tiffany’s and Trump Tower. When it debuts at Fifth...
National
Valentino expands in Dallas as it dumps NYC flagship
What does Dallas have that Fifth Avenue doesn’t? A Valentino, for one. While the Italian luxury brand tries to...