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Union Square Shakeup

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Apple and Bulgari in Union Square have new landlords. The Bulgari building is also home to the new Vera Wang. The former German owner of the buildings, Deka Immobilien, has sold the buildings to an undisclosed American investor for a total of $160 million. Details on the deal are scarce, but one thing is clear: Union Square is on fire when it comes to both real estate and retail. [Commercial Property Executive]