The architect, Herzog & de Meuron, designed the building to look like individual homes stacked on top of each other, giving the building its Jenga-like qualities. Amazingly, even with those staggering prices, the developer told the New York Times that 92% of the units had sold in 2013, even though the tower was completed last year.
The 145 condos that inhabit the high rise range in size from 1,418 square feet to 6,400 square feet and in price from $3.5 million to $50 million. 17.Standing 821 feet (250m) in the New York City skyline, the new 57-story residential tower, called 56 Leonard Street, has opened its doors to residents. Cohen's RC Ventures disclosed plans to sell its stake on Aug. Shares in Bed Bath & Beyond have been highly volatile in recent months, being viewed as a so-called "meme" stock, which trade more on social media sentiment than economic fundamentals.Ĭohen, a billionaire investor, disclosed a stake of nearly 10% in early March. The company said it was "in the early stages of evaluating the complaint, but based on current knowledge the company believes the claims are without merit." The lawsuit also alleged that he issued materially misleading statements to investors. District Court for the District of Columbia alleged that Arnal "agreed to regulate all insider sales by BBBY's officers and directors to ensure that the market would not be inundated with a large number of BBBY shares at a given time." The class action lawsuit listed Arnal as one of the defendants and was brought by a group of shareholders who claimed they lost around $1.2 billion. 23, the company, Arnal and major shareholder Ryan Cohen were sued over accusations of artificially inflating the firm's stock price in a "pump and dump" scheme, with the lawsuit alleging Arnal sold off his shares at a higher price after the scheme. The sales amounted to about $1.4 million, and Arnal still had almost 255,400 shares remaining. 16-17, Reuters' calculations showed based on SEC filings. It forecast a bigger-than-expected 26% slump in same-store sales for the second quarter and said it would retain its buybuy Baby business, which it had put up for sale.Īrnal sold 55,013 shares in Bed Bath & Beyond in multiple transactions on Aug. Last week, Bed Bath & Beyond said it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business. The big-box chain - once considered a so-called "category killer" in home and bath goods - has seen its fortunes falter after an attempt to sell more of its own brand, or private-label goods. Bed Bath & Beyond confirmed his death in a press statement on Sunday but gave no details. The police statement did not provide further details on the circumstances leading to Arnal's death and said the New York City Medical Examiner's Office would determine the cause of death. Police identified the man as Gustavo Arnal. ET (1630 GMT), police responded to a 911 call and found a 52-year-old man dead near the building who suffered injuries from a fall. He previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble, according to his LinkedIn profile. Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020.
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