In 2011, Rodrigo Niño was weighing his own mortality. The real estate executive, originally from Colombia, had been diagnosed with stage three melanoma. After two surgeries, his only choice, he later recounted in a heavily produced video, was to “venture into the unknown.” Niño, who is tall and thin with wavy gray hair, flew to Peru and traveled into the jungle, where he spent two weeks taking ayahuasca, a traditional brew and spiritual medicine known
Embattled lingerie chain Victoria’s Secret is baring its knuckles for a fight with its landlord. As the company copes with slowing sales and flagging relevance in the #MeToo era, it’s suing to terminate one of its leases for retail space in the Westfield World Trade Center Shopping Center. According to a complaint filed in New York’s Supreme Court last week, Victoria’s Secret signed a lease for 1,536 square feet on the building’s lower level in
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UPDATED, Oct. 23, 12:25 p.m.: CoStar Group says it has settled its years-long copyright infringement claim against its bankrupt and now defunct competitor, Xceligent. The commercial real estate data conglomerate reached a $10.75 million settlement with its competitor’s insurer, according to court filings. The two firms were at loggerheads in 2017, after CoStar alleged Xceligent had stolen thousands of images and proprietary material from its commercial real estate listings platform. Xceligent counter-sued, alleging anti-competitive practices,
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RXR Realty has landed just over $421 million in financing from Goldman Sachs for 620 Avenue of the Americas. The funding consists of a $334.4 million refinanced loan and $87.1 million in new financing, according to property records. Representatives for RXR and Goldman Sachs did not immediately respond to requests for comment. An Eastdil Secured team of Grant Frankel and Rob Turner brokered the deal. The Chelsea building spans 760,000 square feet overall, and RXR
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New York’s highest court on Tuesday cleared the way for a group of tenants to pursue a class action lawsuit against a Harlem landlord accused of wrongfully inflating rents on stabilized apartments. Both landlord and tenant representatives say the latest decision will have far-reaching implications for similar class action lawsuits going forward. In a 4-3 decision, the state’s Court of Appeals ruled that a trial court shouldn’t have dismissed a 2016 lawsuit filed against Big
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