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Trump Org. revenue continues to slip
News 5 days ago
Trump Org. revenue continues to slip

The ground-floor retail space in the Trump Building at 40 Wall St. has been vacant for years, although a sign in the window promises a Dean &...

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A guide to Essex Crossing's billion-dollar redevelopment
News 1 week ago
A guide to Essex Crossing's billion-dollar redevelopment

The New York Times calls it the "anti-Hudson Yards." CityLab says it is a "model mega-development." The final bricks are yet to be set for Essex...

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Starwood buys houses in return to single-family rentals
News 1 week ago
Starwood buys houses in return to single-family rentals

Barry Sternlicht's Starwood Capital Group, one of the largest owners of U. S. apartments, is exploring new investments in single-family rental...

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Northwell settles Medicare billing lawsuit for $12.3M
News 1 week ago
Northwell settles Medicare billing lawsuit for $12.3M

Northwell Health and Lenox Hill Hospital have agreed to pay $12.3 million to settle a civil fraud lawsuit that alleges they billed Medicare for...

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Barneys awarded to Authentic Brands as no rival bids appear
News 2 weeks ago
Barneys awarded to Authentic Brands as no rival bids appear

Authentic Brands Group LLC won court approval to become the new owner of bankrupt Barneys New York Inc. with plans to license the brand and close...

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Barneys says sale to Authentic Brands gets final court approval
News 2 weeks ago
Barneys says sale to Authentic Brands gets final court approval

Authentic Brands Group LLC won court approval to become the new owner of bankrupt Barneys New York Inc. with plans to license the brand and close...

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Nordstrom closing Rack location in Flushing
News 2 weeks ago
Nordstrom closing Rack location in Flushing

As Nordstrom grows in Manhattan, the Seattle-based retailer is cutting back in Queens. The Nordstrom Rack location at the Shops at Skyview in...

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Crowds brave rain to welcome Wegmans to Brooklyn
News 3 weeks ago
Crowds brave rain to welcome Wegmans to Brooklyn

New Yorkers are flocking to greet a new arrival to the city-Wegmans grocery store. The popular regional chain officially opened its first New York...

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Columbia University strikes $34M deal for Manhattanville property
News 1 month ago
Columbia University strikes $34M deal for Manhattanville property

Nearly 10 years after Columbia University won a legal battle and used eminent domain to take property from self-storage entrepreneur Nick...

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Manhattan’s rental ‘Glampers’ send luxury apartment prices soaring
News 1 month ago
Manhattan’s rental ‘Glampers’ send luxury apartment prices soaring

Manhattan rents are on the rise, and climbing fastest for the most-expensive apartments in the borough. Super-luxury rents-the top 5% of the market...

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Equinox brushes off boycott and signs big lease
News 1 month ago
Equinox brushes off boycott and signs big lease

So much for the boycott. Upscale fitness chain Equinox, which took public heat for its owner's fundraising efforts on behalf of President Donald...

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Ex-Atlantic Club casino sold again
News 1 month ago
Ex-Atlantic Club casino sold again

Will the fourth time be the charm for Atlantic City's former Atlantic Club casino? Florida real estate company TJM Properties said Tuesday it sold...

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Renewed push for Greenwich Village historic district
News 1 month ago
Renewed push for Greenwich Village historic district

Preservationists are renewing their calls for the city to create a new Greenwich Village historic district and save unique 19th century buildings...

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Blackstone extends warehouse bet in $5.9B Colony deal
News 1 month ago
Blackstone extends warehouse bet in $5.9B Colony deal

Blackstone Group Inc., which has acquired more than 1 billion square feet of logistics space since 2010 as part of the firm's global focus on e...

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WeWork’s woes leave Manhattan landlords weighing an uh-oh moment
News 1 month ago
WeWork’s woes leave Manhattan landlords weighing an uh-oh moment

For years, landlords and real estate brokers worried that WeWork's rapid rise would cut into their business. Now the office-leasing industry must...

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Stringer's report over-hyped city's retail crisis
News 1 month ago
Stringer's report over-hyped city's retail crisis

The headline on the report from Comptroller Scott Stringer yesterday demanded attention: The retail vacancy rate in the city has doubled since 2007...

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City Council weighs new harassment protections for commercial tenants
News 1 month ago
City Council weighs new harassment protections for commercial tenants

The city could soon crack down on what some elected officials say is a problem of commercial tenant harassment in the city. The Wall Street Journal...

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Committee finalizing report on potential SoHo rezoning
News 2 months ago
Committee finalizing report on potential SoHo rezoning

After a series of tense meetings this year, residents and businesses will have to wait just a little longer for an "Envision SoHo/NoHo" report that...

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Thor Equities close to losing another Manhattan property
News 2 months ago
Thor Equities close to losing another Manhattan property

Thor Equities is close to losing another commercial property in the city, in what would be the latest in a string of setbacks for the firm. The...

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Lawsuit: Hedge-funder is behind de Blasio blockade of East Village dorm plan
News 2 months ago
Lawsuit: Hedge-funder is behind de Blasio blockade of East Village dorm plan

The owner of a vacant school building in the East Village is again taking the city to court, claiming that Mayor Bill de Blasio is conspiring...

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Ex-Gov Paterson embroiled in battle over Lenox Terrace expansion plan
News 2 months ago
Ex-Gov Paterson embroiled in battle over Lenox Terrace expansion plan

Sign up for "THE CITY Scoop," our daily newsletter where we send you stories like this first thing in the morning. While some neighbors brace to...

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Blackstone plans to invest in Allcargo to build warehouses
News 2 months ago
Blackstone plans to invest in Allcargo to build warehouses

Blackstone Group Inc. is in talks to invest $209 million in a venture with Allcargo Logistics Ltd. to build warehouses in India, people with...

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The high price of loft-y ideals
News 2 months ago
The high price of loft-y ideals

When state Legislature enacted the Loft Law in 1982, it was seen as a relatively simple way to bring illegal apartments in former manufacturing...

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Power outage pushes Port Authority out of its WTC headquarters temporarily
News 2 months ago
Power outage pushes Port Authority out of its WTC headquarters temporarily

A power failure at the Port Authority of New York and New Jersey's 500,000-square-foot World Trade Center headquarters earlier this week left...

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WeWork populates rankings of city’s largest property sales and office leases
News 3 months ago
WeWork populates rankings of city’s largest property sales and office leases

WeWork's purchase of the Lord & Taylor building at 424-434 Fifth Ave. was not the largest property sale to close in the first half of this year....

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Discreet investor looking to take more space downtown
News 3 months ago
Discreet investor looking to take more space downtown

A prolific but discreet real estate investor is negotiating to buy control of a large Wall Street office building, several sources say. David...

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New York newcomer OceanFirst Bank bulks up for stormier times
News 3 months ago
New York newcomer OceanFirst Bank bulks up for stormier times

Christopher Maher launched his career at the Dime Savings Bank of New York in the late 1980s, when the institution was brought to its knees by bad...

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Bring Brooklyn's Broadway Junction into the spotlight
News 3 months ago
Bring Brooklyn's Broadway Junction into the spotlight

As two born-and-raised Brooklynites, we developed a strong bond with the subway stop closest to where we grew up. It wasn't just a way to get from...

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Councilwoman claims hostel bill would deflate Airbnb
News 3 months ago
Councilwoman claims hostel bill would deflate Airbnb

A resuscitated hostel industry could be the last gasp for illegal Airbnb rentals, a Manhattan lawmaker argued Wednesday. Councilwoman Margaret Chin...

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WeWork's IPO filing shows a fast-growing company balancing on a tightrope
News 3 months ago
WeWork's IPO filing shows a fast-growing company balancing on a tightrope

WeWork, the highly unprofitable subleasing company - sorry, "space-as-a-service" provider - released the prospectus for its much anticipated...

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