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Retail tenants' suits to terminate leases add to SL Green's woes
News 4 hours ago
Retail tenants' suits to terminate leases add to SL Green's woes

There's trouble brewing for the city's largest commercial landlord, SL Green Realty Corp. The REIT was sued by its L Brands retail tenants,...

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Reopen New York now to save small businesses
News 4 hours ago
Reopen New York now to save small businesses

Small businesses in New York are suffering badly, but now their struggle for survival is at the hands of the government's arbitrary and foolish...

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Goldman sues contractor for $25M over faulty work on lux Midtown tower
News 5 hours ago
Goldman sues contractor for $25M over faulty work on lux Midtown tower

Real estate billionaire Lloyd Goldman is suing his air-conditioning and heating contractor for a $12 million job that he claims was not well done...

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These city businesses plan to reopen Tuesday, without permission
News 1 day ago
These city businesses plan to reopen Tuesday, without permission

When Simcha Minkowitz closed her new Brooklyn jewelry shop on March 18, she wasn't expecting to lose a third of her family's income for the year....

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Saks’s owner denies claim it stripped assets in reorganization
News 2 days ago
Saks’s owner denies claim it stripped assets in reorganization

Saks Fifth Avenue owner Hudson's Bay denied allegations in a lawsuit that an internal restructuring amounted to a move to strip the company of its...

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Upper East Side landlord sues Fig & Olive founder personally for unpaid rent
News 6 days ago
Upper East Side landlord sues Fig & Olive founder personally for unpaid rent

A Manhattan landlord has sued the founder of the Fig & Olive restaurant group personally for $90,000 in unpaid rent at the chain's Upper East Side...

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Abolish the Rent Guidelines Board now
News 1 week ago
Abolish the Rent Guidelines Board now

Two weeks ago the Rent Guidelines Board, the mayoral-appointed body tasked with determining rent adjustments for the city's nearly 1 million rent...

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Why apartment rents are still rising despite massive drop in leasing
News 1 week ago
Why apartment rents are still rising despite massive drop in leasing

For The Dime, a 23-story apartment tower that launched leasing this week in Williamsburg, the pandemic forced a new game plan. Developers Charney...

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Venus gallery sues Aby Rosen to break lease and recovery $365K security deposit
News 1 week ago
Venus gallery sues Aby Rosen to break lease and recovery $365K security deposit

What's a place at the "epicenter of the art world" worth? Not as much as it used to be according to high-end art dealer/investor David Lindemann....

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Uber's World Trade Center lease on track despite widespread job cuts
News 1 week ago
Uber's World Trade Center lease on track despite widespread job cuts

Uber is moving forward with its massive World Trade Center lease, despite plans to close several U. S. offices and lay off thousands. "We still...

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JCPenney faces possible snag to a smooth restructuring
News 1 week ago
JCPenney faces possible snag to a smooth restructuring

Years of struggle landed J. C. Penney Co. in Chapter 11. Now comes the hard part. The 118-year-old retailer called its Friday filing a pre-arranged...

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10 steps government can take to jump-start the city’s economy
News 1 week ago
10 steps government can take to jump-start the city’s economy

New York's small businesses have been devastated by the lockdown to stem Covid-19. Unemployment has reached record levels, the hospitality industry...

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Manhattan sublease market could be poised for a surge
News 1 week ago
Manhattan sublease market could be poised for a surge

As questions about the future of office space plague the market in the city, some experts say subleases could be a solution for tenants. Demand for...

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Retail sales plunge in April, worse than March record
News 1 week ago
Retail sales plunge in April, worse than March record

U. S. retail sales plunged in April, shattering the prior record set just a month earlier, as the coronavirus pandemic shuttered businesses,...

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The Pandemic Helped Topple Two Retailers. So Did Private Equity.
News 1 week ago
The Pandemic Helped Topple Two Retailers. So Did Private Equity.

J. Crew and Neiman Marcus were each facing a host of issues before the coronavirus pandemic forced them to close their stores and eventually file...

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$4M partnership between major landlords and nonprofits will fund struggling tenants
News 1 week ago
$4M partnership between major landlords and nonprofits will fund struggling tenants

A $4 million fund set up by more than 40 of the city's top landlords would direct money through nonprofits to help tenants who are struggling to...

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Office tower carbon emissions down only 30% even as workers stay home
News 1 week ago
Office tower carbon emissions down only 30% even as workers stay home

The report, which used real-time occupancy data, showed that offices began clearing out as early as March 10 in compliance with Gov. Andrew Cuomo's...

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Coach, Kate Spade reopening some stores as lockdown eases
News 1 week ago
Coach, Kate Spade reopening some stores as lockdown eases

Coach and Kate Spade will reopen hundreds of their handbag and apparel boutiques as luxury brands slowly return to business after going dark for...

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Rent cuts coming as apartment leasing slides 71%
News 1 week ago
Rent cuts coming as apartment leasing slides 71%

Apartment leasing plummeted in New York City last month-and why wouldn't it? It was almost impossible to move. Most businesses were shuttered from...

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Family Feud: Jemal brothers sue each other for stealing funds
News 2 weeks ago
Family Feud: Jemal brothers sue each other for stealing funds

Brooklyn real estate's version of Cain and Abel continues to flare despite the pandemic. Brothers-and discontented business partners-Steven and...

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Luxury dorm financed with municipal bonds falls into bankruptcy
News 2 weeks ago
Luxury dorm financed with municipal bonds falls into bankruptcy

The operator of a student housing complex built for University of Florida students fell into bankruptcy, the latest municipal bond-financed project...

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City film studios betting on strong second take after restrictions lift
News 2 weeks ago
City film studios betting on strong second take after restrictions lift

New York's film studios are betting big on a quick rebound for the industry when production returns from its pandemic-induced hiatus. Expansion...

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WeWork is exploring a plan to sublease its Manhattan headquarters
News 2 weeks ago
WeWork is exploring a plan to sublease its Manhattan headquarters

WeWork is exploring subleasing its global headquarters in Manhattan's Chelsea neighborhood, according to people with knowledge of the matter. The...

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Clipper Realty scores $329M refinancing deal on Flatbush Gardens
News 2 weeks ago
Clipper Realty scores $329M refinancing deal on Flatbush Gardens

Clipper Equity secured $329 million in refinancing from New York Community Bank for its Flatbush Gardens complex in central Brooklyn, the company...

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Clipper scores $329M refinancing deal for Flatbush Gardens
News 2 weeks ago
Clipper scores $329M refinancing deal for Flatbush Gardens

Clipper Equity secured $329 million in refinancing from New York Community Bank for its Flatbush Gardens complex in central Brooklyn, the company...

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Succeeding in development as the city shelters in place
News 2 weeks ago
Succeeding in development as the city shelters in place

Real estate development in New York has become very complicated. Clearly the Covid-19 outbreak and the shelter-in-place orders have dragged down...

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Why A Historic Wave Of Latino Prosperity Is Under Threat Now
News 2 weeks ago
Why A Historic Wave Of Latino Prosperity Is Under Threat Now

Latinos Unemployment Hit A Record High From Coronavirus Job Losses A few months ago, things were looking up for Latinos: wages were rising and...

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Pricey Brooklyn waterfront neighborhood 
is well positioned for recovery
News 2 weeks ago
Pricey Brooklyn waterfront neighborhood 
is well positioned for recovery

Dumbo, a stylish sweep of converted warehouses along Brooklyn's waterfront, appears to be having a so-so year. After consistently ranking as the...

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Gap sued over unpaid rent at Midtown Manhattan store
News 2 weeks ago
Gap sued over unpaid rent at Midtown Manhattan store

In another sign of the stress faced by retailers whose stores are shuttered by the coronavirus outbreak, Gap Inc. quit paying rent for its store...

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SL Green sells half of One Madison to Korean Pension Fund and Hines
News 3 weeks ago
SL Green sells half of One Madison to Korean Pension Fund and Hines

SL Green, the city's largest office landlord, announced Tuesday that it sold half of its stake in One Madison Avenue for $500 million to the Korean...

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