The M&M’s store at 1600 Broadway (Credit: Google Maps)The home of the M&M’s store in the heart of Times Square is up for sale with an asking price of $200 million.Sherwood Equities put its 27,000-square-foot retail condo at the base of 1600 Broadway on the market, the Wall Street Journal reported.The property houses M&M’s World New York, owned by Mars Inc., which recently renewed the lease for a term of 15 years. The agreement comes with an annual 2.5 percent rent increase, according to the Journal.A CBRE team of Darcy Stacom, Bill Shanahan, David Fowler and Doug Middleton is marketing the property.Although tourism in New York City continues to rise, the Times Square submarket has not been unscathed by the retail slump. But the district’s long hours — many stores stay open until 2 a.m. — are encouraging some tenants to ink longer leases. Some are signing on for 15 years or more, while tenants in other parts of the city opt for shorter deals.“Even with the last three years of a challenging retail market in terms of pricing, many are paying as much or more as they were,” Cushman & Wakefield’s Steve Soutendijk told the Journal. [WSJ] — Rich Bockmann This content is for subscribers only.Subscribe Now
Nine months ahead of the World Demolition Summit (WDS) 2020, the number of sponsors adding their commercial support to the event is already in double figures.#*#*Show Fullscreen*#*# Volvo Construction Equipment has renewed its headline sponsorship of the World Demolition Summit for 2020Sponsorships are proving popular at all levels with a range of companies across demolition and recycling attracted by the WDS’s mix of conference, awards and networking events as the event heads to the (Germany-Austria-Switzerland) region for the first time.Volvo Construction Equipment, which has been involved with the summit from the first event in 2009, has renewed its headline sponsorship for November 11 and 12, while three of the four available gold packages have already been snapped up by OilQuick, Sennebogen and Steelwrist respectively.Current silver sponsors are Epiroc, Kocurek Excavators and Mantovanibenne, with Genesis, Kobelco and Rotar taking the bronze option.Rusch Cranes is sponsoring the network drinks, Demarec the awards reception, Fortress by Shearcore the evaluation forms, and we are delighted to welcome Austrian publication Ӧsterreich Baublatt as a media partner alongside our sister KHL titles Construction Europe and International Construction.“There is no better way to promote your company, products and services – and network with key decision makers in the demolition industry – than by signing up for a WDS sponsorship,” said WDS commercial manager Bridget Leary.#*#*Show Fullscreen*#*# Vienna’s Austria Trend Hotel Savoyen will host the WDS this year“There is a range of possible options depending on your budget – and the earlier you commit, the more you will be able to benefit from an extensive publicity campaign ahead of the event itself.”For more details, please contact Bridget on +44 1892 786220 or e-mail [email protected] WDS is organised by Demolition & Recycling International in cooperation with the European Demolition Association and with the support of the US National Demolition Association.More details – including a video of highlights of the 2019 event in Boston, USA, which attracted a record 453 delegates – are at www.demolitionsummit.com
Andrew J Crossley, Sole principal, ACS Law Solicitors, London Last week Deborah Prince of Which? offered some ‘friendly advice’ (see  Gazette, 1 April, 11). This follows repeated and public criticism from Which? of my firm for legitimately acting for my clients. Prince appears to have overlooked the basics of the Digital Economy Bill. The bill, and the extensive consultation preceding it, expressly excluded any reference to the pre-existing remedies available to copyright owners, such as injunctive relief and civil action seeking damages for infringement that are the processes my firm invokes to identify and pursue acts of copyright infringement. My clients are pleased with the service I provide. I have conducted file sharing-related work for 11 months; to date I have recovered close to £1m for my clients. I welcome the ability of a consumer organisation such as Which? to lodge a formal complaint with the Solicitors Regulation Authority. However, I object in the strongest possible terms to the repeated attempts by Which? to whip up hysteria and public outcry based upon inaccurate accusations about what I do and to launch technical criticisms unsupported by any evidence. In my view, doing so is prejudicial to a fair investigation by the SRA. I have faith that the SRA will remain implacable and objective throughout its deliberations. The facts, processes, procedures and compliance should be the focus of their investigation, not the remonstrations of less than 3% of those to whom my firm has written, nor Which?, which should leave the SRA to get on with its work unmolested.