All tag results for 'lease'

Dayum! We thought it was all good between family!

Prada has filed a lawsuit against MaxMara for a slew of things and it's all over a single store located in Waikiki.

According to the suit, both labels and their real estate brokers hashed out a deal in February of 2011 that would assign MaxMara's lease on Kalakaua Avenue aka "Luxury Row", over to Prada.

Under the terms of the agreement, Prada put down a hefty amount of ca$$$h as a deposit and in exchange, was given the right to take possession of the property on July 1, 2011.

Everything was fine up until June, when MaxMara decided to take everything back and needless to say Prada isn't too happy about it.

After all is said and done Prada's seeking "millions of dollars in damages" for breach of contract, breach of the covenant of good faith and fair dealing and promissory estoppel.

[Images courtesy of Prada & MaxMara.]

Tags: brand, deposit money, design, family, fashion, filed suit, honolulu, july 2011, june 2011, kalakaua avenue, lease, luxury, luxury brands, luxury row, maxmara, prada, retail, retail stores, suing, waikiki

After a year of speculation, Conde Nast announced they're moving out of 4 Times Square and into One World Trade Center.

The Port Authority of New York and New Jersey have approved the publisher's $2 billion lease, which means they'll be calling downtown home for the next 25 years.

Wowsa.

The 104 story downtown building is scheduled to be completed in 2013, but Conde Nast's 20+ magazine titles won't be moving in until 2014.

When the big move does happen, mag's including Vanity Fair, Vogue, W and GQ will takeover 21 floors or 1 million square feet of real estate.

Tags: 1 world trade center, 4 times square, conde nast, lease, moving, one world trade center, port authority of new jersey, port authority of new york