The Daily Dirt: Why retail brands are splurging on real estate

 The Daily Dirt: Why retail brands are splurging on real estate

Swiss fashion retailer Akris is known for luxury handbags and $6,000 parkas, but now it’s getting in on New York real estate. The fashion house purchased a Madison Avenue retail property from SL Green for $40.6 million. The deal is the latest example of retai…

The fashion house purchased a Madison Avenue retail property from SL Green for $40.6 million.
The deal is the latest example of retailers dishing out eight- or nine-figure sums to acquire the proper…