What the downsizing spells for the luxury retailer’s various landlords remains unclear (Credit: Getty Images) Barneys this week filed for bankruptcy and announced its plan to shutter 15 of its 22 luxury department stores. What the downsizing spells for the luxury retailer’s various landlords remains unclear, at least for the moment. Retail experts told The […]
Woodbridge’s Robert Shapiro faces 25 years in prison after pleading guilty to Ponzi scheme
Robert Shapiro pleaded guilty in a Miami federal court on Wednesday. Robert Shapiro has pleaded guilty in federal court to charges related to a $1.3 billion Ponzi scheme he led as the CEO of Woodbridge Group of Companies. Shapiro admitted that he “misappropriated” between $25 million and $95 million in investor funds to fuel his […]
Convene edges out rivals WeWork and Knotel at London skyscraper
Convene CEO Ryan Simonetti and a rendering of 22 Bishopsgate An under-construction skyscraper in London was the battleground for a trio of well-capitalized flexible office space firms in growth-mode. New York-based Convene, a startup that partners with commercial landlords to offer meeting spaces and amenities in office buildings, ultimately won out. The firm signed a […]
Starwood Capital set to buy part of Lantana office campus for $220M: sources
Starwood Capital Group CEO Barry Sternlicht and Lantana campus (Credit: Getty Images and Ehrlich Yanai Rhee Chaney Architects) Starwood Capital Group is nearing a deal to purchase the remaining two buildings of the Lantana office complex in Santa Monica for $220 million, The Real Deal has confirmed. The buildings, collectively known as the south campus, […]
WeWork’s latest pursuits? Martin Scorsese, an NBC show and Amazon comparisons
Ashton Kutcher, Adam Neumann, and Martin Scorsese (Credit: Getty Images) Add these ideas to the pile of ambitious and strange projects WeWork’s executives have pursued: an ad-campaign directed by Martin Scorsese and an NBC television show produced by actor-cum-tech bro Ashton Kutcher. The office space startup, whose parent firm The We Company is valued at $47 […]
Hackman Capital adds Manhattan Beach Studios to growing production studio portfolio
Hackman Capital Partners CEO Michael Hackman and director James Cameron (Credit: Getty Images) There’s no doubt about it now: Hackman Capital Partners is committing big to the production studio business. The Westside-based firm has purchased the Manhattan Beach Studios complex — as well as the studios production services platform MBS Group — from Carlyle Group […]