Real Estate

Barneys New York Inc., the upscale clothing retailer that filed for bankruptcy earlier this month, says it has a “clear, crystallized vision” for what it will look like post-restructuring. The challenge, an executive says, is pulling it off. “We have a very tight timeline to come out of this chapter,” said Katherine Bahamonde Monasebian, chief digital and technology officer at the department store. “Our intention that we’re setting is to come out of this with a very strong digitally focused partner and emerge on the other side and really be able to—with a healthier balance sheet and operating structure—implement the vision of the company.” That vision includes a more intentional push into food, entertainment and experiences, Monasebian said in an on-stage interview with Bloomberg News at the eTail East conference in Boston. It also means “becoming more operationally efficient, service oriented and shifting from a … [Read more...] about Barneys wants ‘strong digitally focused partner’ for next stage

The five contiguous buildings that make up Commercial Office Parks in North Little Rock and offer 40,000 SF of general office space have sold for $1.88 million. The buyer, Two Cops and A Lot LLC, was represented by Jeff Hathaway, John Hathaway and Wes Martin of Hathaway Group. The three Hathaway Group partners and other firm clients are among the investors comprising this LLC, according to a news release.  The garden office space, single-level, front-door entry space is 60 percent occupied. Reed Billings of Hathaway Group is handling leasing. Daryl Peeples and Gary Smith of Flake & Kelley Commercial represented the seller.  In addition, a 13,386-SF building on 0.92 acres at 7810 Industrial Drive in the North Little Rock I-440 Industrial Park has sold for $750,000.The buyer, Five Acres LLC, was represented by Jamie McLarty of Hathaway Group. Hathaway Executive Vice President Stuart Mackey represented the seller, House Properties. DHL will remain as a tenant in the … [Read more...] about Commercial Office Parks Sells for $1.88M

You can live long and prosper in "Star Trek" star George Takei's New York City apartment, now on the market for $1.35 million. Claudine Zap, provided by Published 3:00 pm CDT, Wednesday, August 21, 2019 Photo: Slaven Vlasic/Getty Images Photo: Slaven Vlasic/Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Slaven Vlasic/Getty Images 'Star Trek' Star George Takei Selling NYC Condo for $1.35M 1  /  1 Back to Gallery Ready to live long and prosper in a New York City? "Star Trek" star and social media influencer George Takei is selling his apartment for $1.35 million. Located on the 35th floor of the 78-story Metropolitan Tower in midtown’s Billionaires' Row, the unit … [Read more...] about ‘Star Trek’ Star George Takei Selling NYC Condo for $1.35M

"Affordability, a preferred number of bedrooms and air conditioning top the list of important home characteristics for most shoppers," Zillow's Buyer Wants and Needs list say.Seventy-six percent of buyers said they have to have air-conditioning.The other 24% weren't from Texas where we rate AC higher than indoor toilets or a roof."In the South - known for being hot and sticky in the summer - almost twice the share of buyers value AC (87.6%) over being near family and friends (44%)," Zillow says. Off-street parking and multiple bathrooms also were on the list of preferred features.At the other end of the preference list, hot tubs were one of the things home buyers were least likely to crave.Again, Texas and summer - who wants to sit in hot water. … [Read more...] about No surprise

Qualifying for affordable units through the city's housing lotteries just became easier. Applicants will now have the choice of demonstrating they have a positive rental history by providing evidence of 12 months’ complete rent payments instead of submitting themselves to landlord-initiated credit checks. “For too long, families without access to credit have faced barriers to the affordable housing they need,” Mayor Bill de Blasio said in a statement. “By allowing New Yorkers to submit rental history instead of credit checks, we are creating a fairer system for all New Yorkers.” … [Read more...] about City gives housing lottery applicants a break