DallasDirt » Dubai http://dallasdirt.dmagazine.com DallasDirt is a real estate blog with a focus on housing trends, realtor news, and photos of local fabulous homes from the editors of D Magazine Mon, 25 Oct 2010 20:11:09 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Barneys NY Inc. is Owned by Dubai World??? http://dallasdirt.dmagazine.com/2009/12/02/barneys-ny-inc-is-owned-by-dubai-world/ http://dallasdirt.dmagazine.com/2009/12/02/barneys-ny-inc-is-owned-by-dubai-world/#comments Wed, 02 Dec 2009 14:00:02 +0000 Candy Evans http://dallasdirt.dmagazine.com/?p=6963 It’s in the oh-so-troubled company’s portfolio, according to Wealth Daily, which says that the high-flying emirate’s implosion could kill commercial real estate if it started unloading some of its properties, properties whose values have already been chopped in half. Istithmar, an investment house held by Dubai World, purchased Barneys in 2007 for $937.4 million. According to NBC, Nakheel, the development company that built those sandy palm-shaped island developments, also holds Mandarin Oriental and W Hotels in its portfolio. Not sure if the W Hotel Dallas is in that (slim, getting slimmer) pocket.

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