Edoardo Cignoli : Saks Fifth Avenue Flagship Valued at $3.7 Billion For Loan

Hudson’s Bay said Monday it took out a $1.25 billion mortgage on the ground floor of Saks’ flagship store in Manhattan and said the building has been appraised at $3.7 billion, well above what the Canadian company paid for all of Saks a year ago.



via WSJ.com: US Business http://ift.tt/1uwvpFU