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Swatch H1 sales rise as market share gains offset currency headwinds
Swatch H1 sales rise as market share gains offset currency headwinds
Fashion Platform Orly Inks 20K-SF Office Lease at 20 West 33rd Street – Commercial Observer
Consumer products and fashion platform Orly has leased 20,014 square feet of office space at 20 West 33rd Street in Midtown South, according to the landlord broker. The deal, first reported by Traded, was signed with landlord JLA Home two weeks ago. Asking rent for the 10-year lease was $55 per square foot. SEE ALSO:…
PNC is latest bank to say costs will rise alongside revenue
Key insight: Executives at both banks see major opportunities ahead, but expect to bear higher expenses in order to harness them. Supporting data: PNC raised its guidance for noninterest expense from up roughly 7% to up approximately 8.5%. Expert quote: “Some expenses, if you account for them as investments, they have very good returns, but…
Clock Tower Penthouse at 108 Leonard Sells For $16M
A penthouse in the clock tower at 108 Leonard Street finally sold for $16.2 million. The triplex atop the Tribeca building, once the headquarters of New York Life Insurance, closed after finding a buyer in October, according to Elena Sarkissian, one of the agents representing sales at the project. The deal works out to roughly…
Card networks’ ‘buy button’ gains ground but hurdles remain
Key insights: The card networks’ Click to Pay e-commerce system is expanding, though there is still room for growth. What’s at stake: In the U.S. where Click to Pay has not grown as quickly as Europe, banks are at risk of losing competitive advantage. Expert quote: “It’s very important that banks ensure cards stay robust,”—Nick Maynard,…
CPI Forecast Projects Rent Inflation, Market Growth & More
Demetria C. Lester Demetria C. Lester is a reporter for MortgagePoint (formerly DS News and MReport) with more than 10 years of writing and editing experience. She has served as content coordinator and copy editor for the Los Angeles Daily News and the Orange County Register, in addition to 11 other Southern California publications. A…