The Real Deal - New York Real Estate News

Return of the retailer: Century 21 relaunches

Posted: 27 Feb 2021 11:00 AM PST

Attention shoppers: Century 21 is coming back. The New York-based discount retail chain that built a loyal following but folded after declaring bankruptcy in September, announced its planned return last week. In a statement on Tuesday, Century 21 Stores said the decision to relaunch came “in response to the outpouring of love from the Big Apple and the admiration” of their “loyal shoppers from around the world.” The announcement was light on details, but the

Canadian industrial building boom looms

Posted: 27 Feb 2021 09:00 AM PST

Demand for warehouse space in Canada far outweighs supply, setting the stage for a boom in industrial construction. Canada needs another 40 million square feet of warehouse space over the next five years to keep up with demand after online sales rose 32 percent last year, according to CBRE figures reported by Bloomberg News. That’s more than three times the combined total of warehousing space in Canada’s three tightest industrial markets —Toronto, Vancouver, and Montreal.

Japan’s tallest tower project will include Aman Resorts luxury residences

Posted: 27 Feb 2021 06:00 AM PST

A Tokyo skyscraper under construction and set to become the tallest tower in Japan will include Aman Resorts-branded luxury residences that could top $40 million each. Mori Building Company’s 1,082-foot-tall tower in Minato Ward will have 91 units on floors 54 through 64, according to the Japan Times. The residences will be operated by luxury hotel company Aman Resorts and called the Aman Residences, Tokyo. Branded residences have grown in popularity over the last several