The Peninsula Beverly Hills believes it had its own Aldrich Ames manning the front desk. The ultra-luxury hotel filed a lawsuit this week alleging that a former employee who defected to the nearby Waldorf Astoria, owned by developer Beny Alagem, engaged in a long-running plot to steal “lucrative Middle Eastern clients” from Saudi Arabia and the Gulf. The details of the legal filing, which were first reported by the Wall Street Journal, read like a
A 19th-century townhouse on West 4th Street has come to market, but this is not your average listing. The property next door is also for sale, offering a deep-pocketed buyer the opportunity to build another megamansion in the West Village. And that property happens to be owned by one of the nation’s most prolific homebuilders. The owner of 294 West 4th Street — via limited liability company Straight Outta Mortlake — has put the three-story
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Forever 21 has appointed a new CEO less than a week a bankruptcy court judge approved the fashion retailer’s sale to a trio of investors for $81 million. Daniel Kulle will take the top job after more than two decades at H&M. The announcement was made Tuesday by Authentic Brands Group, which reached a deal to buy Forever 21 with Simon Property Group and Brookfield Property Partners. The sale was finalized last week. Kulle most
Amazon is continuing to boost its presence in New York City with a big new lease. The e-commerce giant is taking roughly 300,000 square feet of space in Queens’ Rentar Plaza, according to loan database TreppWire. The servicer on the $132 million loan backed by the complex submitted a note to the database that said Amazon would be taking over the Metropolitan Museum of Art’s 109,000-square-foot space, plus the remaining 190,000 square feet of vacant
CBRE is planning to lay off more than three dozen employees in its New York office due to a shift in business priorities. The world’s largest commercial real estate services firm filed a notice with the state’s Department of Labor earlier this month stating it planned to let go 40 employees. The company gave its reason for the layoffs as a “reduction in workload due to a change in business priorities.” A representative for CBRE,