The Sunset Park community board reached an impasse on the Industry City rezoning after a lengthy meeting Wednesday night. The board members failed to reach a decision on the rezoning proposal, disagreeing with several key components of the $1 billion plan to add retail, hotels and academic space to the 35-acre complex, Curbed reported. The development, which is a joint venture of Jamestown, Belvedere Capital, and Angelo, Gordon & Co., has yet to win the
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As Barneys rushes to liquidate its assets, the fate of its employees is uncertain. And they are not happy about it. According to the retailer’s bankruptcy filing, despite $4 million in severance pay obligations, the company only has $2 million available to pay its employees, the New York Times reported. Now, staffers say they have experienced a deterioration in the working conditions at the stores and missed paychecks blamed on a “cyber incident,” according to
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UPDATED, 11:39 a.m.: Knotel laid off as much as a third of its New York market-focused staff, as the company faces high vacancy rates and a drop in leasing activity. Close to 20 people were fired this week from the co-working company’s office at 22 West 38th Street, former employees told The Real Deal. The location focuses on the firm’s New York market, and had between 50 and 60 employees. The move follows the departure
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UPDATED, Jan. 17, 2020, 4:49 p.m.: Charney Construction and Development is reinventing itself. The firm, led by Sam Charney, is launching an in-house residential and commercial brokerage as well as a property management team. The businesses will now all operate under Charney Companies, according to a spokesperson. Charney hired Andrew Steiker-Epstein from Compass, who will lead the brokerage division, and several other agents from Compass and Cushman & Wakefield, Commercial Observer reported. The firm has