Home Tags Sale
Hilfiger and his wife, designer Dee Ocleppo, are relocating to Palm Beach, Florida.
The transaction also includes incremental tiered royalties on future net sales.
Gibson bought the property in1994 for $9.3 million and sold it in 2010 for $24 million.
Rod Little, Edgewell's president and CEO, called the sale an "important milestone in Edgewell's portfolio transformation."
The organization’s board of directors decided that doing all the renovations the building needs in order for the Y to stay there for the long-term is not financially feasible.
Bids are now being accepted by A&G Realty Partners and B6 Real Estate Advisors, which have been retained by the college to manage the sale.
Brandon Steiner was able to build his company as a result of numerous personal contacts he had made in the professional and college sports arenas.
Macy’s held title to the property it has been occupying since it moved into the Galleria from its former standalone site at the corner of Mamaroneck Avenue and Main Street.
Michael DeMarco, Mack-Cali’s CEO, said that the sale of the office/flex portfolio “substantially completes our strategic repositioning.”
Erickson provides residential framing products and services to homebuilders in Arizona, California and Nevada while AKH serves the Japanese and Australian markets.
The deal involves an initial cash consideration of $150 million on a cash-free and debt-free basis, plus an additional $90 million based on revenue goals.
The congressional lawmakers argued the 840-acre island is a critical habitat for over 200 bird species and "the most important haul-out site for grey and harbor seals in southern New England."
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