Ray Yadidi is buying DKNY’s Midtown office

Ray Yadidi’s Sioni Group is in contract to buy DKNY’s Midtown office from JPMorgan Chase, Olmstead Properties and Jonathan Rose Companies for about $105 million, sources told The Real Deal. Yadidi, an active Garment District investor, signed a contract last week to acquire the 12-story, 160,000-square-foot office building at 240 West 40th Street, which is almost fully occupied by Donna Karan’s fashion label, sources said. DKNY, which was acquired in 2016 by G-III Apparel Group, […]

Source: Real Estate

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