A city arbitrator has ended the lengthy rent dispute between Barneys and Ashkenazy Acquisition, declaring the retailer’s new annual bill to be $30 million. The new rent represents double Barneys current rent and, with property taxes factored in, the figure is actually much higher, coming to an estimated total of $44 million per year, as the New York Post reports. The massive hike is still only half of what Ashkenazy had been seeking, however. The […]
source https://therealdeal.com/2018/08/12/ashkenazy-gets-go-ahead-to-jack-up-rent-at-barneys-madison-avenue-flagship/
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