real estate news and archive

Valesco buys majority stake in Moncler’s headquarters in Milan

European real estate fund manager The Valesco Group, a portfolio company of New World Group, has acquired a majority stake in a 200-million-euro state-of-the-art office building being developed by Covivio SA, which will serve as the global headquarters for luxury fashion brand Moncler in Milan. Located in Milan's Symbiosis district, the 409,000...

Retail

Chanel joins luxury retail battle for Manhattan's Fifth Avenue

The race to acquire luxury real estate is getting hotter as Chanel and Louis Vuitton are bidding for the same building in Manhattan’s prestigious Fifth Avenue retail area. As top-tier luxury brands vie for their space in the world’s most iconic shopping corridors, the building at 745 Fifth Ave and 58th Street is a most prestige location and...

BusinessFeatured

The unexpected impacts of Covid retail closures on small investors

Since the pandemic started, hundreds of thousands of retail locations have closed; some temporarily, many for good. While this trend has had a visible, almost immediate effect on retailers’ financials and strategies, there is another group of stakeholders who are facing unexpected challenges: Small investors. Commercial real estate has...

Fashion

Roberto Cavalli to decorate billionaire villas in Saudi Arabia

Roberto Cavalli has another interior design project in the pipeline. After designing the interiors of a villa and an apartment complex in Dubai, the Florence-based company has inked an agreement with Dar-Al Arkan, Saudi Arabia’s largest real estate developer, to decorate a series of high-end custom-built residential villas in Riyadh. Named...