The governor was at the peak of his powers — a rising star in the Democratic Party and the most feared figure in the state of New York. Within a week, it all came crashing down. The year was 2008 — so long ago that word of Eliot Spitzer’s resignation arrived in newsrooms by fax. The world has changed since then, but in ways that will only make it harder for Gov. Andrew Cuomo to
Michael Stern sold his duplex at Walker Tower for less than he’d hoped. The 4,748-square-foot unit sold for $21 million, 24 percent less the $27.8 million it was initially listed for in June 2019, according to property records. The deal pencils out to $4,423 per square foot. But Stern is still making off with a tidy profit. He bought the unit at Walker Tower, which his firm JDS Development Group developed alongside Kevin Maloney’s Property
The post Michael Stern’s Walker Tower pad sells for 24% under ask appeared first on The Real Deal New York.
U.S. construction spending reached the highest level on record last month as both local and federal governments began loosening the purse strings. Spending hit a seasonally adjusted annual estimated rate of $1.5 trillion across all sectors last month, the highest recorded since the Census Bureau began tracking this figure in 2002. January’s rate was up 1.7 percent from December’s revised estimate and up 5.8 percent from the year prior. Homebuilding was largely responsible for the