Banana Republic to close Upper East Side store
UPDATED Dec. 4, 2020, 9:26 a.m.: Banana Republic is closing its store at 1529 3rd Avenue, a new filing...
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National
Simon strikes back at the Gap with $107M lawsuit
Call it a retail rumble, with Simon Property Group in one corner and its largest national tenant in the...
Gap landlord defaults on $70M FiDi loan
Gap’s landlord in the Financial District claims it is in danger of losing its property because the retailer refuses to pay rent. The Chera family’s Crown Acquisitions is in default on the $70 million...
Gap must keep paying rent at Times Square flagship: Judge
Among coronavirus-battered retailers, the Gap has been one of the most high-profile proponents of the idea that the pandemic...
National
Gap claims it doesn’t have to pay rent at any of Brookfield’s malls
Gap Inc. is firing back at landlord Brookfield Property Partners, a month after the latter sued the retailer for...
National
Simon Property Group sues Gap for $66M in unpaid rent
The gloves are off between the biggest mall operator in the country and one of its most important tenants....
National
National Cheat Sheet: Real estate’s top billionaires revealed, retail apocalypse continues… & more
China, Hong Kong real estate billionaires top Forbes’ richest list Forbes has released its annual ranking of the world’s wealthiest people, and the real...
National
Gap to close half of their locations & split Old Navy into separate company
Old Navy will have to go it alone from now on. Owners Gap Inc are closing 230 of their...
Gap sues Westfield for alleged overcharges at more than 2 dozen malls
Gap is dragging its landlord Westfield into court over disputed common charges — a disagreement that could become more common...
Gap re-ups lease on Third Avenue
The Gap has renewed its lease at the Durst Organization’s 30-story building at 655 Third Avenue. The clothing retailer is keeping 15,942 square feet at the building located at the corner of East 42nd...