Ulta Beauty inks $400M Times Square lease at Jeff Sutton’s 1551 Broadway
Beauty retailer Ulta Beauty has inked a massive $400 million lease at Jeff Sutton’s marquee Midtown retail property in Times Square, The Real Deal has learned. The Illinois-based cosmetics and skincare retailer will occupy all four floors of the 26,000-square-foot building at 1551 Broadway, owned by
A New York rent freeze is imminent. Bondholders still expect to be paid.
How badly would a rent freeze affect New York City landlords? One credit agency now has an estimate. A five-year rent freeze in New York’s stabilized apartments would drive about 6 percent of multifamily loans to default by 2030, according to a new analysis by Moody’s Ratings. But that universe in
From Crushing Debt to Renting Out Billy Joel’s Former Estate—How Ben Chester Turned It All Around
Name Ben Chester Location New York City Occupation Tech sales and real estate investor Assets Eight properties, three short-term rentals (including Billy Joel’s former Hudson River estate) Investment strategy Short-term […]
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