American leather goods and luxury brand Coach has announced the sale-leaseback of their global headquarters at 10 Hudson Yards in New York City. The company received a purchase price of 707 million dollars (net of 77 million dollars due to the developer of Hudson Yards) before transaction costs of 26 million dollars, resulting in a gain of 30...
Aug 3, 2016
On Tuesday morning, Stephen M. Ross, founder and chairman of Related Companies, had plenty of reason to celebrate. The 52-story development at Hudson Yards had finally opened, welcoming Coach as a tenant. “Sometimes the vision can end up being different from the reality, but this is truly great,” 76-year-old Ross told WWD. “Today’s opening shows...
Jun 1, 2016