M&A Boutiques in for Tough Times Cracks Appearing in Office Rents

Total Page:16

File Type:pdf, Size:1020Kb

M&A Boutiques in for Tough Times Cracks Appearing in Office Rents nb35p01.qxp 8/24/2007 8:15 PM Page 1 TOP STORIES REPORT Booming India HEALTH CARE lures Blackstone, Spitzer, insurers other NY investors battle over rates; PAGE 2 NY’s top carriers ® Coach handbags PAGE 15 still fab, but stock falls out of favor on Wall Street VOL. XXIII, NO. 35 WWW.NEWYORKBUSINESS.COM AUGUST 27-SEPTEMBER 2, 2007 PRICE: $3.00 PAGE 3 MARKET FALLOUT When did opera get so hot? More rooftop bars in New York’s future Cracks appearing NEW YORK, NEW YORK, P. 6 Extending Medicaid in office rents to middle-class children is not Brokers report INDUSTRIAL a good idea room to negotiate as STRENGTH ALAIR TOWNSEND, P. 11 fears mount over Sectors leasing the most square feet of office space in Manhattan Obama gets warm Wall Street layoffs in first-half 2007. reception, raises MIDTOWN money in Brooklyn BY THERESA AGOVINO Financial 1,828,141 THE INSIDER, PAGE 13 two months ago, Mark Fried- man began negotiating for an of- Law 1,434,382 fice lease in midtown south for Other 1,166,515 BUSINESS LIVES about $60 a square foot. The par- LIGHTENING UP ties are now discussing a rent in the Entertainment 451,393 low-$50 range, according to Mr. Banking 442,210 Co-workers use buddy Friedman, vice chairman of GVA system to lose weight Hedge funds 428,876 PAGE 27 Williams Worldwide. TOM GENIESSE, “I’m feeling the ability to nego- DOWNTOWN owner of tiate again,” he says. “Building Bottlerocket, says agents are calling me now—that Financial 1,510,239 he can sell wasn’t the case three months ago.” products faster Other 498,227 because he has The credit crunch that is roiling less inventory. the stock market,paralyzing merg- Insurance 290,194 er and acquisition deals, and catherine gibbons catherine stalling building sales is also slow- Law 143,961 UNCORKING A TREND ly chilling Manhattan’s hot com- Printing 121,272 mercial rental market. The finan- Source: CB Richard Ellis See CRACKS on Page 8 AT DEADLINE CITY UNIVERSITY OF NEW New wine stores YORK’S College of Technology has hired 40 new full-time tenure-track faculty members M&A boutiques for the 2007-2008 academic toast of the town year, bringing the total to 344. The hiring marks the largest spirits, came in a dismal third. in for tough times single-year bump in four Stylish showrooms Even more surprisingly, Sherry- decades and comes in response draw with themed Lehmann Wine and Spirits lost its to a 20% increase in students crown not to a longtime rival but to 3 major NYC firms over the past four years, to displays; bitter taste a pair of young upstarts that be- 13,600. CUNY is adding full- for veteran retailers tween them carry less than a quar- may not have much time instructors throughout ter as many bottles. work for a while the university in an effort to The dethroning reflects a huge reduce reliance on part-time BY LISA FICKENSCHER shift in the wine business across the faculty. city. Trendy, design-driven stores BY AARON ELSTEIN for 15 years, Sherry-Lehmann such as Moore Brothers Wine Co. SCALING BACK ON ITS GROWTH reigned supreme as New York and Bottlerocket—the new No. 1 august is traditionally a quiet PLANS, JETBLUE AIRWAYS held City’s top-rated wine store. and No. 2 wine meccas—are driv- month for Wall Street’s dealmak- the number of its employees at No more. ing a corkscrew into the heart of ers—but not this quiet. Grim- 9,700 last year, the first time it When Zagat Survey published traditional wine selling. faced bankers are getting accus- did not increase its staff, its 2008 New York City Gourmet Instead of trying to please all tomed to the idea that the credit according to a report released Shopping & Entertaining guide last palates,the new breed offer a select crisis has ended the three-year cor- by the U.S. Department of month,the venerable store,with its group of labels—which may not porate merger boom. An estimat- See AT DEADLINE on Page 2 dark-wood paneling and cache of even include some of the best ed $73 billion in deals have been more than 4,000 fine wines and known. Instead of drab shop win- struck this month,half the amount dows decorated with sun-bleached of the same month a year ago. lindström bekka satin cloths draped over boxes, the The sudden slowdown puts 35 5 new breed lure customers with profits and bonus pools at risk at all and acquisitions, have had their stores long on style and short on investment banks, but those that share prices hammered amid fears clutter—and open wine cases.The will be hurt the worst are three that business will slow. ELECTRONIC EDITION new crowd also makes shopping Manhattan-based boutique firms: “The logic behind a lot of deals fun by adding gimmicks like a dog Evercore Partners Inc., Greenhill was cheap credit, which is fast dis- tie-up area. & Co. and Lazard Ltd. These appearing,” says Andrew Clare, a NEWSPAPER See NEW WINE on Page 9banks, which specialize in mergers See PARTY’S on Page 8 71486 01068 0 CNYB 08-27-07 A 2 8/24/2007 7:01 PM Page 1 AT DEADLINE Continued from Page 1 slated to open in the Flatiron New York investors Transportation last week.The District in November. Owner Queens-based discount carrier Claire Chambers has signed a says it offered its 2,000 flight 10-year lease for 2,000 square attendants feet at 3 E. 17th St., just off of jumping into India voluntary Fifth Avenue. Asking rent was year-long about $150 per square foot. furloughs David Baker of Isaacs & Co. with bloomberg news represented the tenant, and Blackstone, others get in on the action early health benefits, and about 100 Darrell Rubens of Winick accepted. JetBlue continued to Realty Group negotiated on BY SAMANTHA MARSHALL add flights but pared its behalf of landlord Maurice operations to 78 crew members Laboz. global market jitters are doing little to dampen New York per aircraft from 90 in prior years. THE METROPOLITAN investor interest in India, where real estate continues to be one of TRANSPORTATION Authority is in the hottest growth sectors, retail is booming and billions of BETHPAGE FEDERAL CREDIT talks with Internet search dollars of foreign capital keep pouring in. UNION IS SHARPLY increasing its engine Google to develop mortgage-lending efforts in online transit guides for New Blackstone Group Holdings, led by Stephen Schwarzman, is response to a 50% surge in York City. Google, based in just one of the latest firms here to jump in with both feet. Last applications, while banks pull Mountain View, Calif., week, the private equity giant announced the $116 million back from residential lending. introduced its online guides in purchase of a 50.1% stake in India’s largest garment The 146,000-member credit 2005 and has already produced union—open to anyone living, them in Dallas, San Diego and exporter, Gokaldas Exports Ltd., with plans working or doing business in other cities. Google makes to secure another 20% of the company for Nassau or Suffolk counties— money by selling advertising on $49 million. has increased its year-end the sites, where restaurants, Also last week, Lehman Brothers mortgage lending target to $280 hotels and other local businesses million from $183 million, a can buy ad space aimed at Holdings Inc. purchased 26% of a unit of 53% increase. potential travelers. But New India’s Edelweiss Capital, a deal worth York would be the Internet about $44 million, according to reports TENANTS OF STUYVESANT TOWN company’s largest transit guide AND PETER COOPER VILLAGE project to date. in Indian media. Just a week earlier, will appeal a judge’s decision to Lehman announced it would buy the throw out their lawsuit ROSIE O’DONNELL WILL HEADLINE institutional equities arm of Indian attempting to reverse the sale of THE OPENING NIGHT of the fourth brokerage firm Brics Securities for an the complexes to Tishman annual New York Comedy Speyer for $5.4 billion. Eric Festival, marking her first stand- undisclosed amount. Levine, a partner at Wolf up show in years.The Nov. 6-11 “The trend is growing in a Haldenstein, who claims the festival has added three venues: multitude of interests, particularly buildings’ owners violated the The Beacon Theatre, where See INDIA on Page 7 law by raising rents on some comedians Bill Maher and rent-stabilized apartments while Denis Leary will perform, the receiving tax benefits, says that 92nd Street Y and Mo Pitkin’s. New York State Supreme Court Last year, 60,000 people INDIA A GO-GO Judge Richard Lowe III attended the event at eight incorrectly interpreted the law. locations. Attendance is Top three industries for New York investors in 2007. expected to rise sharply this year TOTAL JOURNELLE, A STORE THAT WILL and American Express is SECTOR DEALS AVERAGE INVESTMENT OFFER LINGERIE designed for offering exclusive tickets to its women over 35 years old, is cardholders. I Industrial/energy 8 $34.5 million $275.7 million Telecommunications 2 $48.2 million $96.4 million Consumer products THIS WEEK IN CRAIN’S and services 4 $14.8 million $59.3 million As of Aug. 21. Source: Thomson Financial STEPHEN SCHWARZMAN’S Blackstone ALAIR TOWNSEND -------------------11 Group purchased a 50.1% stake in India’s largest garment exporter. WEEK IN REVIEW -----------------------12 redux THE INSIDER------------------------------------13 SMALL BUSINESS ------------------- 14 REAL ESTATE DEALS--------------14 Waiting rooms go high-tech REPORT: HEALTH CARE------15 “I think every physician in Man- Manhattan in the next year.
Recommended publications
  • State Historic Preservation Officer Certification the Evaluated Significance of This Property Within the State Is: X National State
    Form No. 10-300 REV. (9/77) UNITED STATES DEPARTMENT OF THE INTERIOR NATIONAL PARK SERVICE NATIONAL REGISTER OF HISTORIC PLACES INVENTORY -- NOMINATION FORM SEE INSTRUCTIONS IN HOW TO COMPLETE NATIONAL REGISTER FORMS TYPE ALL ENTRIES -- COMPLETE APPLICABLE SECTIONS I NAME HISTORIC Christ Church AND/OR COMMON LOCATION STREET & NUMBER 900 Broadway _NOT FOR PUBLICATION CITY, TOWN CONGRESSIONAL DISTRICT Nashville _ VICINITY OF Fifth STATE CODE COUNTY CODE Tennessee 47 David son 37 -^ HCLASSIFICATION CATEGORY OWNERSHIP STATUS PRESENT USE _DISTRICT —PUBLIC ^.OCCUPIED _ AGRICULTURE —MUSEUM X_BUILDING(S) ^.PRIVATE —UNOCCUPIED —COMMERCIAL —PARK —STRUCTURE - —BOTH —WORK IN PROGRESS —EDUCATIONAL —PRIVATE RESIDENCE —SITE PUBLIC ACQUISITION ACCESSIBLE —ENTERTAINMENT 2LRELIGIOUS —OBJECT _IN PROCESS X.YES: RESTRICTED —GOVERNMENT —SCIENTIFIC —BEING CONSIDERED —YES: UNRESTRICTED —INDUSTRIAL —TRANSPORTATION —NO —MILITARY —OTHER: Christ Church Wardens and Vestrymen STREET & NUMBER 900 Broadway CITY. TOWN STATE Nashville VICINITY OF Tennessee LOCATION OF LEGAL DESCRIPTION COURTHOUSE. REGISTRY OF DEEos.ETC. Metropolitan Nashville-Davidson County Courthouse STREET & NUMBER Public Square CITY. TOWN STATE Nashville Tennessee | REPRESENTATION IN EXISTING SURVEYS Architectural Historical Survey Downtown Area Neighborhood Development Project DATE April 1977 ^.FEDERAL —STATE —COUNTY ^.LOCAL DEPOSITORY FOR SURVEY RECORDS Tennessee Historical Commission CITY. TOWN STATE Nashville Tennessee DESCRIPTION CONDITION CHECK ONE CHECK ONE J?EXCELLENT _DETERIORATED X. UNALTERED ZlORIGINALSITE —GOOD _RUINS —ALTERED —MOVED DATE- —FAIR _UNEXPOSED DESCRIBE THE PRESENT AND ORIGINAL (IF KNOWN) PHYSICAL APPEARANCE Christ Church, located ten blocks from the Tennessee State Capitol, was built in what was once a residential neighborhood in downtown Nashville. Today the church, in the Central Business District, is just one block east of Union Station, a National Historic Landmark, and one block west of two National Register properties, the Customs House and Hume-Fogg High School.
    [Show full text]
  • UPSTATE ECHOES Is Arch Merrill's Ninth Book
    UPSTATE EcnfJes by ARCH MERRILL UPSTATE ECHOES is Arch Merrill's ninth book. like the others that have won so many thousands of readers, it is a regional book. Only, as its title implies, it embraces a larger region. Besides many a tale of the Western New York countryside about which Storyteller Merrill has been writing for more than a decade, in his lively, distinctive style, this new book offers fascinating chapters about other Upstate regions, among them the North Country, the Niagara Frontier and the Southern Tier. Through its pages walk colorful figures of the Upstate past- the fair lady a North Coun­ try grandee won by the toss of a coin- the onetime King of Spain who held court in the backwoods- the fabulous Elbert Hubbard, "The Fro" of East Aurora- the missionary martyrs and a silver-tongued infidel, natives of the land of Finger Lakes, who made his­ tory in their time- the movie stars who once made Ithaca, far above Cayuga's waters, a little Hollywood- the daredevils who through the years in barrels and boats and on tight ropes have sought to conquer the "thunder water" of Niagara. The past comes to life again in stories of historic mansions, covered bridges, Indian council fires and the oldtime glory of Char­ lotte, Rochester's lake port that once was "The Coney Island of the West." You will meet such interesting people as the last surviving sextuplet in America and the "The Wonderful Man" who leaped from a parachute at the age of 81. • UPSTATE ECHOES Other Books by ARcH MERRILL A RIVER RAMBLE THE LAKES COUNTRY THE RIDGE THE TOWPATH ROCHESTER SKETCH BOOK STAGE COACH TOWNS TOMAHAWKS AND OLD LACE LAND OF THE SENECAS UPSTATE ECHOES BY ARCH MERRILL Being an Assemblage of Stories about Unusual People, Places and Events in the Upstate New York of Long Ago and of Only Yesterday Many af Them Appeared in Whole or in Part in the Rochester N.Y.
    [Show full text]
  • Boudoir & Fine Art Photography: the Intersection of Fun & Seduction
    Boudoir & Fine Art Photography: The Intersection of Fun & Seduction A Guide for First Time Clients and Veteran Boudies Monumental Arts Professional Fine Art Photography Boudoir & Fine Art Photography: Introduction So you are thinking about a Boudoir & Fine Art photography session – how exciting! But what is a boudoir & Fine Art session? Sounds simple – it’s just a sexy portrait session, right? Yes, no, and maybe, all at once! Boudoir is a unique and intimate style of photography – and whether you're looking for a romantic, glamour, pin-up, or fantasy session, it takes a big step to jump right in. Boudoir photography is a broad genre of photography that involves female subjects in sensual and suggestive poses. It is distinct from erotic photography in its emphasis on the aesthetic qualities of the subject and the craftsmanship of the photographic process over the sexually stimulating nature of the image. So, whether you are a veteran in front of the camera or brand new to the role, there are some things you should know about Boudoir & Fine Art photography. Tasteful, Private, and Confidential Sessions One of the top questions I’m asked regarding boudoir is “will these be online”? I have photographed over 300 boudoir sessions since I started in 2012 – most are completely private and are never seen online. In other words, if you don’t want your images shown on my website as examples, they never will be! I guarantee “Tasteful, Private, and Confidential Sessions!” Boudoir & Fine Art Styles Boudoir: Boudoir, as mentioned above, typically involves female subjects in sensual and suggestive poses.
    [Show full text]
  • 2007-08 Summer Newsletter 2.Qxd
    Anniversary SEASON The ACTORS COMPANY THEATRE Summer Newsletter 2007/2008 Vol. 15 No.1 tactSummer 2007/08 COMPANY NEWS continued from page 6 TACTics ings and workshops with The Lark ExxonMobil. When not in front of a microphone tact TheACTORSCOMPANY THEATRE and branched out into casting. In or on stage, Francesca is busy coordinating the TheACTORS COMPANY THEATRE th addition to casting for TACT this Screen Actors Guild Foundation’s BookPals pro- Scott Alan Evans, Cynthia Harris & Simon Jones NewsletterTACTICS is published twice yearly Co-Artistic Directors year (The Sea, Rain, Dandy Dick), gram at her daughter’s school, PS/IS 187, where COMPANY Administrative Offices she cast the upcoming Fringe she is also a proud member of the School Sean Arbuckle, Mary Bacon, Jamie Bennett, Eve Bianco, What the critics said of Festival show, Days and Nights Page 121, Lines Leadership Team. This summer Francesca will Nora Chester, Cynthia Darlow, Francesca Di Mauro, 900 Broadway, Suite 905 11 and 12, and A Midsummer Night’s Dream for be in Florida, starring in her reality show, Rest Kyle Fabel, Richard Ferrone, Rachel Fowler, 15our 2006/07 Season: New York, NY 10003 Mile Square Theatre, her theatre company in and Relaxation by My Mother’s Pool. Delphi Harrington, Kelly Hutchinson, Larry Keith, Hoboken (www.milesquaretheatre.org). She Jack Koenig, Darrie Lawrence, Ron McClary, T. 212 645-TACT appeared in Low and Away, an original ten Larry Keith can be seen this sum- Greg McFadden, James Murtaugh, Margaret Nichols, th mer at the Bay Street Theatre in John Plumpis, James Prendergast, Gregory Salata, achingly beautiful minute play for MST’s annual benefit, 7 The New York Times F.
    [Show full text]
  • Auto Num City Tel # Last Name First Name Type of Business Address 1 Gary 0201 ACKER Walter & Co. Clothing & Gents Furnis
    Auto Num City Tel # Last Name First Name Type of Business Address 1 Gary 0201 ACKER Walter & Co. Clothing & Gents Furnishing Broadway & 5th Ave 2 Gary 0140 ALEXANDER W. P., Dr. Office 539 Broadway 3 Gary 0187 ALEXANDER W. P., Dr. Residence 700 Pennsylvania 4 Gary 0138 ALLEN Chas. Residence Jefferson near 11th Ave 5 Gary 0125 ALSCHULER H. Co. Dept. Store Broadway & 5th Ave 6 Gary 0072 ALSCHULER H. Residence 600 Van Buren 7 Gary 0189 AMBOS & CREMER Saloon Adams 8 Gary 0097 American Dyer & Cleaner Office S. E. 5th Avenue 9 Gary 0290 American Sand & Gravel Co 21st St near Madison 10 Gary 0185 ANCHORS A. L. Exp. & Moving Broadway Near 8th Ave 11 Gary 2423 ANDERSON Christ Residence 716 Maryland 12 Gary 0241 ANDREWS J. S. Plumber & Steamfitter 35 W. 7th Ave 13 Gary 2702 ANDREWS J. S. Residence Jefferson & 8th Ave. 14 Gary 0294 ANSLEY & Co. Homer Insurance & Loans Rm 203, Reynolds Bldg. 15 Gary 2144 APPLEGATE L. W. Residence 33 W. 7th Ave 16 Gary 0281 ARMOUR & Co. Branch Office Brdwy near Wabash RR 17 Gary 0248 ARONSON M. Residence Adams near 23rd 18 Gary 2431 ASSMANN Edward A. Residence 575 Pennsylvania 19 Gary 2282 ATKINSON Bert Residence Van Buren 20 Gary 0259 BACON G. V. Residence 533 Jackson 21 Gary 2524 BAKER Geo. T. Residence Wash near 23rd Ave 22 Gary 0095 BALLARD & STANTON Attorneys 644 Broadway 23 Gary 0278 Baltimore Lunch Room M. H. Sullivan, Prop. 622 Broadway 24 Gary 0162 Ballitmore & Ohio R. R. Frt. Depot Virginia & B.O. Tracks 25 Gary 0251 Barry-Harris Electric Co 6th Ave near Washington 26 Gary 0179 Bartholomae & Roesing Brewing & Malting Co.
    [Show full text]
  • TM 3.1 Inventory of Affected Businesses
    N E W Y O R K M E T R O P O L I T A N T R A N S P O R T A T I O N C O U N C I L D E M O G R A P H I C A N D S O C I O E C O N O M I C F O R E C A S T I N G POST SEPTEMBER 11TH IMPACTS T E C H N I C A L M E M O R A N D U M NO. 3.1 INVENTORY OF AFFECTED BUSINESSES: THEIR CHARACTERISTICS AND AFTERMATH This study is funded by a matching grant from the Federal Highway Administration, under NYSDOT PIN PT 1949911. PRIME CONSULTANT: URBANOMICS 115 5TH AVENUE 3RD FLOOR NEW YORK, NEW YORK 10003 The preparation of this report was financed in part through funds from the Federal Highway Administration and FTA. This document is disseminated under the sponsorship of the U.S. Department of Transportation in the interest of information exchange. The contents of this report reflect the views of the author who is responsible for the facts and the accuracy of the data presented herein. The contents do no necessarily reflect the official views or policies of the Federal Highway Administration, FTA, nor of the New York Metropolitan Transportation Council. This report does not constitute a standard, specification or regulation. T E C H N I C A L M E M O R A N D U M NO.
    [Show full text]
  • City of Rensselaer Tax Roll
    City of Rensselaer Tax Roll STATE OF NEW YORK 2017 COUNTY TAX ROLL COUNTY - RENSSELAER Town RENSSELAER SWIS 3814 TAX MAP PARCEL NUMBER PROPERTY LOCATION CLASS CURRENT OWNER NAME SCHOOL DISTRICT CURRENT OWNER ADDRESS PARCEL SIZE 143.83-3-27 143.83-3-27 10 ACADEMY ST 210 210 Bill 1 1 BROADWAY RENNSELAER CENTRAL SCHOOL DISTRICT 381400 MALETESTA MICHAEL TOTAL TAX $467.15 RENSSELAER NY 12144 FRNT 101 DUE DATE 01/31/2017 ACRES0.1 DPTH 113 PAYMENT DATE2/2/2017 TOTAL PAID $467.15 143.83-3-2 143.83-3-2 16 ACADEMY ST 312 312 Bill 2 35 AIKEN AVE RENNSELAER CENTRAL SCHOOL DISTRICT 381400 FONDA WALTER TOTAL TAX $144.48 RENSSELAER NY 12144 FRNT 50.83 DUE DATE 01/31/2017 ACRES0.07 DPTH 59.9 PAYMENT DATE2/2/2017 TOTAL PAID $144.48 143.83-3-1 143.83-3-1 22 ACADEMY ST 210 210 Bill 3 22 ACADEMY ST RENNSELAER CENTRAL SCHOOL DISTRICT 381400 ENDRES SANDRA L TOTAL TAX $438.02 RENSSELAER NY 12144 FRNT 85 DUE DATE 01/31/2017 ACRES0.22 DPTH 113 PAYMENT DATE2/15/2017 TOTAL PAID $438.02 143.75-13-13 143.75-13-13 24 ACADEMY ST 210 210 Bill 4 3868 GLENALBYN DR RENNSELAER CENTRAL SCHOOL DISTRICT 381400 LEE AMEY WAI CHING TOTAL TAX $481.60 LOS ANGELES CA 90065 FRNT 37 DUE DATE 01/31/2017 ACRES0.08 DPTH 108.97 PAYMENT DATE2/1/2017 TOTAL PAID $481.60 Page 1 of 758 STATE OF NEW YORK 2017 COUNTY TAX ROLL COUNTY - RENSSELAER Town RENSSELAER SWIS 3814 TAX MAP PARCEL NUMBER PROPERTY LOCATION CLASS CURRENT OWNER NAME SCHOOL DISTRICT CURRENT OWNER ADDRESS PARCEL SIZE 143.75-13-14 143.75-13-14 34 ACADEMY ST 411 411 Bill 5 7 ROSEBUD CT RENNSELAER CENTRAL SCHOOL DISTRICT 381400
    [Show full text]
  • Lady Bra-Bra/6
    WWD Section II ASSISTANTS: CATHERINE PERIDIS AND DANICA TERLITSKY PERIDIS AND DANICA TERLITSKY CATHERINE ASSISTANTS: Spring’s freshest crop of lingerie has arrived, delivering breezy layers, fl irty details and bright bursts of color. Here, Ari Dein’s silk chemise over Puma Body Train’s poly-liquid titanium and spandex sports bra. For more, see pages 14 to 19. CornThe Shape of Things to Come/8 | The Season’s Star Key Trends/20 | Lady Bra-Bra/6 MODEL: SVIETA/ WOMEN DIRECT; HAIR BY MICHELE SALVADORI FOR MARIO DIAB SALON NY; MAKEUP BY MIZU FOR MAYBELLINE NEW YORK; FASHION NEW YORK; MIZU FOR MAYBELLINE MAKEUP BY NY; FOR MARIO DIAB SALON MICHELE SALVADORI HAIR BY WOMEN DIRECT; MODEL: SVIETA/ PHOTO BY DONNA DEMARI; STYLED BY BOBBI QUEEN 2 WWD MONDAY, JULY 25, 2011 SECTION II WWD.COM XXXXXXXXXXXX WWDINTIMATES/UNDERCURRENTS Innie or Outie? LINGERIE MIGHT BE among the hottest fashion accessories in Hollywood, but some- times a look can be overplayed or under- played, depending on a celeb’s personal taste level. WWD asked several entertainment divas an important question: Is innerwear as out- erwear a fashion do or a fashion don’t? Here, an eclectic mix of celeb yeas and nays. — MARCY MEDINA “For me it’s a fashion don’t because I have breasts and a bum, so it’s accentuated. But if you have a body like Kate Moss, you can get away with it really well.” — Alice Eve ▲ “I like the ‘undone’ look of being able to see a bra under the shirt or dress. But if it takes you six hours to look undone, it’s not good.
    [Show full text]
  • Wall Street's Rookies Socked by First Crisis
    nb34p01.qxp 8/17/2007 6:39 PM Page 1 TOP STORIES Textbook Digital efforts fall answer to short at magazine NY jobs —Greg David giant Time Inc. on Columbia’s PAGE 2 expansion ® plans Chinese firms list Page 13 on Nasdaq for prestige and access to cash VOL. XXIII, NO. 34 WWW.NEWYORKBUSINESS.COM AUGUST 20-26, 2007 PRICE: $3.00 PAGE 3 MARKET CHAOS HITS HOME Rate talks between hospitals, insurers getting tense Wall Street’s rookies Well is dry PAGE 3 Business owners in for real Queens call for socked by first crisis probe of chronic estate flooding problems Twenty-something SURGE IN FRESH FACES PAGE 25 financiers struggle deals in teeth of the rout; Labor in NYC: UFT Transactions stall, adds members; job fears mounting chart ranks city’s buyers walk away largest unions BY AARON ELSTEIN as lenders pull plug UNION REPORT, PAGE 19 jean-philippe aractingi has never seen anything like this. BY TOM FREDRICKSON Markets plunge,then soar,then BUSINESS LIVES plunge again, not in days or weeks, the credit crunch is paralyzing GOING TO EXTREMES but in minutes and even seconds. the New York real estate market. In recent weeks, three of Wall In the past few weeks,financing Daredevil execs are taking risks; employers Street’s longtime titans—Bear for almost all large commercial and are wary PAGE 31 Stearns, Goldman Sachs and residential projects in the city has Kohlberg Kravis Roberts—have dried up. each seen their reputations sullied. As a result, some property de- Meanwhile, armies of professional velopers and investors are being and amateur investors are bolting forced to abandon deals and are for the exits.
    [Show full text]
  • Manhattan Retail Marketview
    Manhattan Retail MarketView Q2 2014 CBRE Global Research and Consulting U.S. CONSUMER CONFIDENCE NYC JOB COUNT U.S. JOBS ADDED NYC PRIVATE SECTOR EMPLOYMENT (JUN ’14) 85.2 (JUN ’14) 20,700 (JUN ’14) 288,000 (MAY 2013-MAY 2014) 2.3% Market Overview Retail News In June, U.S. employers added 288,000 store with a location in Chelsea, will open jobs, marking the fifth consecutive its second Manhattan store at 26 Greene • Thor Equities is under contract to month when more than 200,000 jobs Street in SoHo. Likewise, Zimmerman, an acquire roughly 50,000 sq. ft. of retail were added.1 This drove down the Australian clothing and swimwear retailer at 530 Fifth Avenue for $595 million unemployment rate to 6.1%, the lowest with a location in SoHo, will open a store and recently closed on the purchase of reading since September 2008.2 The U.S. in the Meatpacking District. Additionally, 685 Fifth Avenue for $475 million. Consumer Confidence index reached 85.2 Italian men’s fashion retailer Caruso will in June, its highest since January 2008.3 open its first U.S. store at 45 East 58th • J. Crew, Paul Smith and Posman Books Meanwhile, U.S. retail sales rose from April Street, an 11,000-sq.-ft. flagship in the recently signed leases at Brookfield to May by 0.3%, driven by sales of motor Plaza District. Place and will join tenants such as vehicles and home-improvement materials, Theory, Michael Kors, and Hermès, which typically surge in the spring.4 Swedish-based fast-fashion retailer H&M bringing the property to 85% leased.
    [Show full text]
  • Off* for Visitors
    Welcome to The best brands, the biggest selection, plus 1O% off* for visitors. Stop by Macy’s Herald Square and ask for your Macy’s Visitor Savings Pass*, good for 10% off* thousands of items throughout the store! Plus, we now ship to over 100 countries around the world, so you can enjoy international shipping online. For details, log on to macys.com/international Macy’s Herald Square Visitor Center, Lower Level (212) 494-3827 *Restrictions apply. Valid I.D. required. Details in store. NYC Official Visitor Guide A Letter from the Mayor Dear Friends: As temperatures dip, autumn turns the City’s abundant foliage to brilliant colors, providing a beautiful backdrop to the five boroughs. Neighborhoods like Fort Greene in Brooklyn, Snug Harbor on Staten Island, Long Island City in Queens and Arthur Avenue in the Bronx are rich in the cultural diversity for which the City is famous. Enjoy strolling through these communities as well as among the more than 700 acres of new parkland added in the past decade. Fall also means it is time for favorite holidays. Every October, NYC streets come alive with ghosts, goblins and revelry along Sixth Avenue during Manhattan’s Village Halloween Parade. The pomp and pageantry of Macy’s Thanksgiving Day Parade in November make for a high-energy holiday spectacle. And in early December, Rockefeller Center’s signature tree lights up and beckons to the area’s shoppers and ice-skaters. The season also offers plenty of relaxing options for anyone seeking a break from the holiday hustle and bustle.
    [Show full text]
  • DSTLD Plans Second Round of Crowdfunding, Pop-Ups and Other
    NEWSPAPER 2ND CLASS $2.99 VOLUME 73, NUMBER 34 AUGUST 11–17, 2017 THE VOICE OF THE INDUSTRY FOR 72 YEARS New BCBG Owners Outline Their Plans for Moving the Brands Forward By Deborah Belgum Senior Editor When Michael DeVirgilio and Cory Baker were figuring out whether they wanted to acquire the BCBGMaxAzria la- bel and its sister brands, they quizzed retailers about whether they were still willing to carry the decades-old brands in their stores. They were happy to find that the labels weren’t on life support yet. Polling shoppers, they found that customers were still loyal to the sophisticated collections that until last year were con- sistently seen on the runways of New York Fashion Week. “What was wrong with them was what was under the hood, not what was in the eyes of the customer,” said Baker, the chief operating officer at Marquee Brands, the New York–brand management group that acquired the intellectual-property rights out of bankruptcy court for BCBGMaxAzria, BCB- ➥ BCBG page 12 DENIM Japan’s Edwin Denim Retailers Emily Park, left, and Esther Paik in their new bricks-and-mortar store, Le Box Blanc, located in downtown LA’s South Park neighborhood. For more about the store, see page 10. Brand to Unveil Adriano Goldschmied Line for U.S. DSTLD Plans Second Round of Crowdfunding, By Andrew Asch Retail Editor Pop-Ups and Other Events In its 70th anniversary year, Japanese denim power- house Edwin Co. Ltd. opened a U.S. creative studio and is By Alison A. Nieder Executive Editor percent in the last year.
    [Show full text]