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Gucci owner pays nearly $1B to scoop up tower on red-haute Fifth Avenue

The owners of Gucci on Monday bought a prime Fifth Avenue retail property for a whopping $963 million and it could mean the boot for rival fashion house Armani from its flagship location.

NYC developer banks on big-name restaurants to feed office building empire

SL Green honchos   from CEO Marc Holliday on down are more food-crazy than any other publicly-traded company. They’ve made restaurants and food services a key component of their entire, 28.8 million square-foot Manhattan office portfolio, the city’s largest.

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