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Monthly Archives: October 2017

Strategic Alliance in Experiential Retail Begins with WeWork Acquiring Lord & Taylor Flagship Bldg

Hudson’s Bay Company (HBC) has leveraged one hot commercial real estate sector to assuage it’s exposure to a struggling one.

The Toronto-based retail operator, which owns Saks Fifth Avenue and Lord & Taylor, has entered into a strategic alliance with Rhone Capital and WeWork Companies that it says is expected to produce future real estate transactions and monetizations.

The first of these is the $850 million sale of the Lord & Taylor building…

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