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Fifth Avenue

1 By Matt Chaban 10/07/11 5:38pm

Tales of Retail

Two American corporate giants. (MacRumors)

Hip to Be Square: How Harry Macklowe and Steve Jobs Built the Iconic Apple Cube

It is a POPS done right.

The Apple Cube on Fifth Avenue managed to transform a windswept plaza at one of the busiest intersections in Manhattan into a destination known the world over—one that became a shrine to its creator when Steve Jobs passed away earlier this week. The Journal's Eliot Brown (an Observer alum!) talked with reclusive developer Harry Macklowe about how the cube came to be. Like all things Apple, it wasn't his idea but Jobs'. Read More

By Laura Kusisto 11/08/10 6:02pm

Retail

Party Time in Times Square! Retail Rents Soar

Think twice before you elbow a tourist in Times Square. Rents in the wanna-be hotspot just soared 21 percent, thanks to the city's tourism boom.

Retailers in the area are now paying upward of $1,700 a square foot annually, according to a quarterly report from the Real Estate Board of New York that came out this morning. That's still Read More

By Max Abelson 4/10/09 3:24pm

Oil Billionaire’s Daughter Parts With 956 Fifth Co-op for $6.25 M.

When Manhattan real estate was at its bleakest late last year, there were a few weeks when it genuinely seemed that the only New Yorkers buying up expensive apartments were the brood of billionaires: Sheridan Mitchell Lorenz (daughter of a Texas natural-gas billionaire), Alice R. Gottesman (daughter of a Warren Buffett pal) and Roy Judelson Read More

By Tom Acitelli 11/19/08 7:16pm

CBRE, Cushman Agree: Fifth Avenue Really Expensive for Retailers

Yesterday, CB Richard Ellis Gene Spiegelman, executive director, Cushman & Wakefield New York said: “Through midyear 2008 Fifth Avenue consolidated its position as the world's most expensive retail address with prime rents around $1,850 sq ft. Ground level retail rents, however, broke the $2,300 sq ft barrier with the lease to Abercrombie at Read More

2 By Tom Acitelli 11/18/08 4:03pm

CBRE: Fifth Avenue Still World’s Priciest Retail Spot

Be generous to those Fifth Avenue merchants this holiday shopping season: They've got a helluva rent to pay. According to a new CB Richard Ellis report, Fifth Avenue remains the world's most expensive retail destination, with rents reaching $2,200 a square foot annually, more than 75 percent higher than in Hong Kong, the second most Read More

By Eliot Brown 11/15/07 4:11pm

Report: Fifth Avenue No Bargain Globally

The falling dollar can’t stop Fifth Avenue, so it seems.

The midtown retail strip once again tops a list of the world’s most expensive shopping strips, according to a report by brokerage Cushman & Wakefield. It beat out Hong Kong’s Causeway Bay, the Avenue des Champs Elysées in Paris, and New Bond Street in Read More