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...christopher.grimes@ft.com...
...Once again, not a problem of the department store business model per se. Christopher KneeHonorary Adviser, International Association of Department StoresParis, France...
...Real estate group Fisher Brothers said on Thursday that it had agreed to lease 765,000 square-foot at 1345 Avenue of the Americas to Paul Weiss for 20 years, after investing $120mn in upgrading the building...
...Loungers, which listed in 2019 and trades under the Lounge, Cosy Club, and Brightside brands, has accelerated the rollout of new sites as it takes advantage of the relative lack of demand for real estate...
...Chief executive Simon Emeny noted the incoming costs headache in a recent trading update, but also flagged “a number of high-profile, trade-enhancing investment schemes in our existing estate” as a driver...
...Nor is it the financial institutions, real estate agents, precious metals traders and even golf clubs now being swept up in the scandal....
...But unsurprisingly that isn’t the Jackson estate’s ambition for MJ the Musical....
...In June 2022, Ukrainian journalists reported he had resettled in the elite Agalarov Estate in the suburbs of Moscow....
...Paul Weiss, meanwhile, counts private equity giant Apollo Global Management as one of its best clients....
...Garland at the time said he had made the appointment at Weiss’s request, in light of the “extraordinary circumstances relating to this matter”. He added that the investigation remained ongoing....
...UAV is represented by Christopher Clark, whose clients include Musk and Hunter Biden. TMTG did not respond to a request for comment....
...asked Michael Sukin, a veteran music lawyer who has represented The Rolling Stones and the estate of Elvis Presley....
...Blackstone sells a haute couture building Big real estate deals are a rare bird these days....
...But the failure of Zhongzhi highlights the lack of transparency across China’s economy — especially regarding flows of money that have bypassed the banking system to access real estate projects....
...Digital transformation is one of the few growth sectors left in the economy. Companies are cutting back on marketing and real estate but continue to spend on IT....
...A group of private equity lawyers from Paul Weiss including Jeffrey Kochian, Gerald Brant and Brittany Harrison have joined Sidley Austin’s New York office as partners....
...“Bankers are going to extend the loans if they think the asset can be saved,” said Christopher Whalen, a veteran bank analyst and head of Whalen Global Advisors....
...A discrepancy “of this size, by a real estate developer sizing up his own living space of decades, can only be considered fraud”, he wrote....
...Further store openings have taken the estate to about 430 sites....
...Ailman signalled that its private markets allocation, which includes assets such as private equity and real estate and which amounts to about 40 per cent of the portfolio, had peaked....
...For Christopher Mahon, head of multi-asset at Columbia Threadneedle in London, the country’s example goes some way to illustrating that this time really is different....
...Conservative activist Christopher Rufo said the toppling of Claudine Gay was a “team effort” between himself, the Washington Free Beacon reporter Aaron Sibarium, and others such as billionaire investor Bill...
...Brett Christophers is a professor in the Institute for Housing and Urban Research at Uppsala University and author of ‘Our Lives in Their Portfolios: Why Asset Managers Own the World’ The recent kerfuffle...
...As European stocks reacted to the prospect of interest rate cuts coming later than expected, rate-sensitive real estate groups were among the worst performers....
...sam.jones@ft.com Letter in response to this column:Blame real estate owners for the woes of department stores / From Christopher Knee, Honorary Adviser, International Association of Department Stores, Paris...
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