After paying millions to extend its closing deadline twice, WeWork Property Advisors seems poised to finally complete its $850 million purchase of Lord & Taylor’s Fifth Avenue flagship. As a part of the final deal, which has a deadline of Jan. 31, the retailer’s parent Hudson’s Bay Company is retaining a $125 million equity stake in the property, according to a source with knowledge of the arrangement. WPA — an investment vehicle managed by the […]
source https://therealdeal.com/2019/01/31/today-is-weworks-deadline-to-close-on-the-lord-taylor-building-heres-whats-happening-with-the-deal/
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