Kering (OTC:PPRUY), the French luxury group that owns the Gucci, Saint Laurent and Alexander McQueen brands, has acquired a multi-level retail space on New York City’s Fifth Avenue. The company paid $963 million for the 715-717 Fifth Ave. property on the southeast...
Camber Property Group, a developer of affordable housing complexes in New York City, has announced updates on two of its ongoing projects. The company kicked off the first two phases of a $1 billion mixed-use 100% affordable development known as Stevenson Square in...
After leasing its flagship store on New York City’s Fifth Avenue since 1997, the luxury retailer Prada (OTC:PRDSF) is paying $425 million to buy the property. Reuters reported Prada will take ownership of the five-story store and its accompanying seven-story office...
An Austrian real estate company that owns a stake in New York City’s Chrysler Building may have to sell its holding in the iconic skyscraper as part of a bankruptcy restructuring. The Wall Street Journal reported an Austrian court-appointed insolvency administrator of...
New York City’s landmark St. Patrick’s Cathedral is in a contract to sell some of its air rights to hedge fund executive Ken Griffin. Bloomberg reported Griffin, the CEO of Citadel LLC, is partnering with Vornado Realty Trust and Rudin Management on the creation of a...