National
“Corporate shell game”: Special servicer says Hudson’s Bay undermined $850M loan
The special servicer for an $850 million CMBS deal has accused Hudson’s Bay Company of engaging in a “clandestine...
Hudson’s Bay Company
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Retailer Hudson’s Bay pink-slips 500 NYC employees
UPDATED, 5:54 p.m. April 30: Hudson’s Bay Company, the owner of Saks Fifth Avenue, will lay off 507 New...
National
Hudson’s Bay mulls sale of Lord & Taylor
Lord & Taylor may soon have a new owner. Owner Hudson’s Bay Company is considering selling or merging the...
WeWork continues its hunt for investors at $850M Lord & Taylor building
Almost a year after WeWork announced the $850 million acquisition of the Lord & Taylor building in Midtown Manhattan,...
Advice for Hudson’s Bay: build condos
Hudson’s Bay Companies, the owner of Saks Fifth Avenue and Lord & Taylor, is looking to reclaim capital, and one of its shareholders has offered a solution: cash in on condos above its stores....
Lord & Taylor’s Manhattan flagship to close
After 104 years, the Lord & Taylor flagship store at 424 Fifth Avenue is set to close its doors....
Scotiabank subleases 50K sf from Hudson’s Bay at Brookfield Place
Canada’s Scotiabank inked a deal to sublease roughly 50,000 square feet at Brookfield Place from its neighbor Hudson’s Bay...
WeWork buys Lord & Taylor flagship for $850M for new world headquarters
Facing mounting pressure to shed its real estate assets, Hudson’s Bay Company is selling Lord & Taylor’s flagship store...
This activist investor wants luxury condos in Saks Fifth Avenue
Part of Saks Fifth Avenue’s Manhattan flagship store could be turned into luxury condominiums if one activist investor has...
Saks owner pushed to sell off its RE assets
The Canadian company that owns the Saks Fifth Avenue flagship store is under pressure to go private or sell off its real estate assets, which are worth billions. Toronto-based Hudson’s Bay bought Saks Inc....