REAL ESTATE

Report: Microsoft looking to open more stores

BY CSA STAFF

New York City — Microsoft on Thursday opened a store in Bellevue, Wash., close to its headquarters in Redmond.

It is the company’s seventh store to date, but more expected, according to the Wall Street Journal. The company expects a “pretty aggressive roll-out schedule” of new stores next year, the report said.

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REAL ESTATE

Gap to open flagship in Italy

BY CSA STAFF

San Francisco — Gap will open its first Italian flagship on Saturday in the Corso Vittorio Emanuele shopping district of Milan.

The company said that it also plans to open an additional Gap store in Rome next year and a Banana Republic store adjacent to its Milan location "in the near future." The Milan Gap store spans three floors and 25,500 sq. ft. and will offer all Gap clothing collections.

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FINANCE

NBA Store in Manhattan to close due to rising rent

BY CSA STAFF

New York City — The NBA Store on Fifth Avenue in Manhattan will close in late February, due to rising rent. The company said it is looking for a new location in the city.

The 35,000-sq.-ft. NBA Store opened in 1998. It is located at 666 Fifth Avenue, which was sold in 2007 for some $1.8 billion, the largest single-building sale in New York City’s history. The building is currently awaiting the arrival of Uniqlo and Hollister, both of whom are opening flagships (and taking over spaces formerly occupied by Brooks Brothers and Hickey Freeman). Reports peg NBA’s current rent at $2,200 per sq. ft.

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