This WeWork Deal Could Breathe New Life Into Struggling Department Stores
WeWork will be redefining the retail environment with its latest HBC partnership.
WeWork will be redefining the retail environment with its latest HBC partnership.
WeWork makes a grand entrance into property ownership with a massive buy on Fifth Avenue.
Hudson's Bay Co., Saks Fifth Avenue's parent company, is divorcing the retailer's real estate from its stores just like Sears — but keeping the real estate.
Hudson's Bay Co. filed for creditor protection in early March and is now moving toward liquidation.
RioCan REIT and Hudson’s Bay Company have formed a joint venture aimed at unlocking the value of HBC’s real estate assets through future redevelopment.
WeWork bought the building last year, but Lord & Taylor had planned to operate a trimmed-down 150K SF location before abandoning the store entirely.
Saks OFF 5TH will open a 28k SF store in the ex-Target space at Bramalea City Centre, one of two GTA locations to open next spring.
WeWork has had 424 Fifth Ave. under contract, but it's looking for the right equity and debt to nail down its landmark deal.
Saks Fifth Avenue’s first two Canadian locations at Toronto Eaton Centre and Sherway Gardens will have Oliver & Bonacini restaurants.
Saks Fifth Avenue’s first two Canadian locations at Toronto Eaton Centre and Sherway Gardens will have Oliver & Bonacini restaurants.
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