Richard Baker wanted to create a retail empire when he combined Saks Fifth Avenue and Neiman Marcus. About a year later, it filed for bankruptcy.
Category: Real Estate (Commercial)
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After Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores
The New York Times – Business: -
It’s a Grocery Store, but Selling Food Isn’t the Point
The New York Times – Business:Happier Grocery in New York is an entry point for people seeking a community built on inside knowledge. It’s not the only high-end grocer doing this.
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As Office Rents Rise, Doctors Get Creative
Physicians with independent practices are having to cobble together unconventional office arrangements at a time of rising costs and consolidation in the medical field.
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Why Sears’s Last Great Hope Was a Promise That Never Materialized
Only five Sears stores remain in the country, with the end likely near for what was once the mightiest American retailer.
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China Vanke Gets Temporary Lifeline to Prevent Debt Default
Bondholders for one of China’s biggest real estate developers extended a grace period to negotiate a delayed repayment of a $285 million bond.
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A $600 Suckling Pig? Wagyu for All? On Menus, It’s a New Gilded Age
In Manhattan and across the country, restaurants are trotting out ever-pricier dishes and luxury upgrades to meet the demand from affluent diners.
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China Approaches First Investment Decline in 3 Decades
A broad measure of investment fell more than 10 percent in November, continuing a recent reversal and signaling the depth of China’s property crisis.
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Pace, Di Donna and David Schrader Join Forces to Form New Art Gallery
Pace, Di Donna and David Schrader of Sotheby’s are collaborating on an Upper East Side space that will focus on secondary market sales.
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A Swath of Bank Customer Data Was Hacked. The F.B.I. Is Investigating.
SitusAMC, a technology vendor for real estate lenders, holds sensitive personal information on the clients of hundreds of its banking customers, including JPMorgan Chase.
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Britain Gives Go-Ahead to Smaller Nuclear Reactor in Wales
The government pledged 2.5 billion pounds for initial site work, but the decision to build a small, modular design may disappoint others, including the U.S. nuclear industry.
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U.K. Gives Go-Ahead to Smaller Nuclear Reactor in Wales
The government pledged 2.5 billion pounds for initial site work, but the decision to build a small, modular design may disappoint others, including the U.S. nuclear industry.