Posted by Leonard Steinberg on September 4th, 2014 Where will all those chic new homeowners coming to West Chelsea do their shopping? Neiman’s of course! A quick hop onto the Highline Park will take swell Chelsea dwellers a few streets north to Hudson Yards. Yes, its official: Neiman Marcus is coming to the West Side… [Read More]
THE PLAZA HOTEL TO SELL FOR $ 600 MILLION?
Posted by Leonard Steinberg on April 9th, 2012 New York’s famed Plaza Hotel built in 1907 is for sale again by current owner Elad Properties: the landmark property that recently underwent a significant renovation and was partially converted to condominium residences has traded hands several times over the past decade. Sahara India Pariwar Ltd from… [Read More]
NEW YORK HOLIDAY RETAIL FOOT TRAFFIC GROWS BY 4.7% IN 2011
Posted by Leonard Steinberg on January 16th, 2012 Holiday retail foot traffic in New York grew at an impressive rate of 4,7% in 2011 compared to the rest of the USA that saw foot traffic drop off by 3,1%. This is mostly attributed to strong tourist activity……regardless, this is very good news indeed and impacts… [Read More]
THE LUXURY MARKET BAROMETER?
Neiman Marcus Group Inc. swung to a fiscal second-quarter profit on steep write-downs a year earlier, as the luxury retailer posted higher revenue and lower expenses. The Dallas-based retailer is also owner of BERGDORF GOODMAN. Neiman’s is probably the most important barometer of the Luxury market, and this certainly is a good indicator of the luxury market… [Read More]