Italy: Western Europe’s Least Welcoming Retail Market?

Italy: Western Europe’s Least Welcoming Retail Market?
Written by Euromonitor

Italy's international reputation is built on sleek, chic design from fashion and furniture to cars, but despite its expensive image foreign retailers have been failing to strike it rich.

http://www.marketresearchworld.net/content/view/2685/77/

$600M Worldwide Plaza sale approved

$600M Worldwide Plaza sale approved
July 07, 2009 12:32PM

http://therealdeal.com/blog/2009/07/07/george-comfort-completes-worldwide-plaza-deal-deutshce-bank-rcg-longview-macklowe-properties/

After the last deal fell apart, George Comfort & Sons and RCG Longview finally completed a $600 million deal with Deutsche Bank to purchase Worldwide Plaza. Rather than creating a joint venture, Deutsche Bank will just provide a $470 million mortgage for George Comfort and put up about $135 million in equity. The price comes to about $375 a square foot for the 1.6 million-square-foot tower at 825 Eighth Avenue, and the deal is expected to close later this month. As part of the agreement, Deutsche Bank will write down the original $1 billion mortgage it held on the property when Macklowe Properties bought the building in 2007.

http://therealdeal.com/blog/2009/07/07/george-comfort-completes-worldwide-plaza-deal-deutshce-bank-rcg-longview-macklowe-properties/