Nicolas Berggruen has purchased nine prewar mixed-use sites on a single block of Atlantic Avenue for $25 million, according to a deed that appeared in the city register Friday.

The store closures are driven by cautious consumer spending due to inflation, higher interest rates and crushing levels of ...

Joseph Sitt is dealing with more foreclosure threats to his Manhattan retail portfolio. A limited liability company filed a lawsuit against Sitt this week alleging default on a loan of more than $ ...

Macy’s is shuttering dozens of locations, but that’s not necessarily a bad thing for the iconic department store chain’s bottom line. The company expects to generate $275M of revenue from ...

Joseph Sitt, Thor Equities' CEO, allegedly defaulted on a more than $2 million loan on a commercial condo unit at 195 Bowery from now-defunct lending institution Signature Bank, according to a ...

and real estate," Barington’s James Mitarotonda and Thor’s Joseph Sitt said in a press release. Mitarotonda and Sitt said they "believe that operating improvements at Macy’s, coupled with ...

and real estate," said Joseph Sitt, chairman of Thor, and James Mitarotonda, chairman of Barington, in a joint statement. Barington said in the presentation that Macy's should look at publicly ...

“Macy’s owns valuable and well-located real estate assets — led by its flagship property at Herald Square in New York City — that we believe are worth between $5 to $9 billion,” added Joseph Sitt, ...

Joseph Sitt’s Thor Equities and Barington Capital Group pitched a plan to lift Macy’s sagging stock, Bloomberg reported. Among Thor and Barington’s ideas include forming a separate real ...