REAL ESTATE

Forum Shops celebrates 25 years

BY Al Urbanski

When Simon opened the Forum Shops at Caesars Palace in 1992, the Las Vegas Strip was still a place where one could find $2 blackjack tables and $1.99 steak dinners. Simon Properties took a chance, brought luxury retail to the Strip, and helped pioneer full-price retail on the famed boulevard.

RECon’s in town this week, and Forum Shops is taking the occasion to celebrate its 25th Anniversary. The must-stop for luxury shoppers houses more than 160 shops of the likes of Versace, Armani, Gucci, and Valentino. But the tenant mix keeps evolving. New and about-to-open tenants include Modernist Cuisine Gallery, Lululemon, Harley Davidson, and The Otheroom.

Also new to the center is an 85-ft.-tall, 41-ft.-wide marquee pylon sign supported by Corinthian columns.

If you’re at the show and you stop by The Forum Shops, be sure to enter for a chance to win a $2,500 shopping spree available to shoppers who spend $250 or more.


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REAL ESTATE

Wahlburgers opens at center on Vegas Strip

BY Al Urbanski

Those crazy actin’ and burger-flippin’ Wahlbergs Mark and Donny, along with brother Paul and other family members, have opened at Grand Bazaar Shops on the Las Vegas Strip.

The new center located on Bally’s doorstep and across from the Bellagio picked the busiest intersection Vegas to place a culinary assemblage of the hottest new names in casual dining that are beginning to spread to malls and open-air centers nationwide.

Alongside Wahlburgers and Giordano’s Deep –Dish Pizza are or soon will be:

Born and Raised Craft Pub: The third location for the “home-base” of UNLV fans. It features Las Vegas inspired décor, craft beers, and its first-ever retail shop.

Sin City Brewing Co.: The brew-pub’s fourth location offers five signature craft beers, a rotating seasonal brew, and an al fresco drinking experience on Las Vegas Boulevard.

Dirt Dog: The Los Angeles street food phenomenon known for “The Official Hot Dog of Los Angeles,” a bacon-wrapped wiener it has trademarked.


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FINANCE

Real estate developer acquires luxury footwear brand

BY Marianne Wilson

Harrys of London has a new owner with an interesting portfolio who wants to expand the brand.

The luxury footwear and accessories brand has been acquired by Charles S. Cohen, a New York real estate developer and media entrepreneur. Cohen, who acquired 100% interest in Harrys from Palladin Consumer Retail Partners, will assume the position of chairman. Palladin acquired a majority stake in Harrys in 2014.

Cohen is the owner, chairman and CEO of Cohen Media Group, an independent film production and distribution company that owns an extensive library of classic films. His real estate holdings include more than 12 million square feet of prime Class A and design center properties across the United States. Cohen recently acquired a majority stake in Savile Row luxury menswear house Richard James.

“Harrys of London has been a brand I have supported and respected for a long time, bringing a unique mix of luxury, contemporary craftsmanship and cutting-edge technology and design,” Cohen stated. “We see huge potential for expansion across the U.S., London, Asia and the Middle East, and I am eager to help the team grow Harrys on a global scale.”

Steven Newey, the CEO of Harry, will continue to head up the brand in his current role.

“I am incredibly excited to partner with Charles in bringing the Harrys of London brand to the next level,” Newey said. “Charles brings a unique vision and background that will be invaluable in our future growth. We are looking forward to taking full advantage of the new horizons this partnership will open up.”

Harrys of London was founded in 2001 with the mission of using new technologies to create high-end dress shoes. In addition to a store in London, it has locations in Kuwait, United Arab Emirates and Saudi Arabia. The company’s products are also available at department stores and specialty stores worldwide, including Barneys, Harrods, Holt Renfrew, Lane Crawford and Mr. Porter.

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