NEW YORK CITY—Hudson's Bay Co., the owner of the upscale brand, has taken a ground lease on Saks' flagship store of more than $1 billion.

NEW YORK CITY—A new survey favors NY because, “the city's new breed of financing—crowdfunding—is creating a financial center,” Eastern Consolidated principal and executive managing director David Schechtman tells GlobeSt.com.

NEW YORK CITY—Industry leaders opine on the positive developments—and possible pitfalls—in the city's future in part one of this GlobeSt.com series spotlighting a panel discussion at last week's NYU Schack Institute conference.

NEW YORK CITY—The firm has added to its holdings a portfolio of six buildings in Manhattan in a deal that appears to be one of the multifamily sector's biggest deals across the nation this year, GlobeSt.com has learned.

NEW YORK CITY—Developer Howard Hughes Corp. has introduced an altered plan for the residential tower and some other elements being constructed for the new Pier 17.

NEW YORK CITY—After serving most recently as director of 53W53, the executive has become managing director of capital markets.

NEW YORK CITY—The newly formed Halstead Lawrence Management will oversee 30 buildings with a total of 3,500 units.

NEW YORK CITY—According to new research by Cushman & Wakefield, Upper Fifth Ave. is now the most expensive shopping corridor—worldwide.