The $227 billion proposal comes at a precarious fiscal moment for the state and city
Developer Jubao Xie has secured the next chapter for the world’s tallest Holiday Inn. A federal bankruptcy judge approved Xie’s plan to make the Financial District hotel at 99 Washington Street into housing for migrant families, Crain’s reported. The permission should allow Xie to move forward on a preliminary agreement with NYC Health + Hospitals, which leads the migrant shelter program. Under terms of the agreement, Xie could reap $190 per room per day for
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Investors have grown more bullish on the company in recent weeks after its dramatic rise and fall during the pandemic
Goldman Sachs buys a building in Brooklyn Heights, and a union health care group leases a new office in Flatiron
The scammer stole almost $100,000 of client money from the historic Brooklyn grocer
The landlord said its 26 area properties, which include ones in Manhattan, Brooklyn and New Jersey, were 87% leased as last year came to an end, compared with 88% at the close of 2021
While all eyes will be tuned to Federal Reserve Chair Jay Powell’s press conference Wednesday for indications of whether the U.S. will slide into a recession, one of the nation’s largest office landlords says it’s already here for commercial real estate. “Notwithstanding the running debate on whether the U.S. economy will experience a hard or soft landing, commercial real estate markets are currently in a recession,” Boston Properties CEO Owen Thomas said on the company’s
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Tamir Shemesh, a top-producing Manhattan broker, has been terminated from Serhant, the brokerage confirmed to The Real Deal. The reasons for Shemesh’s termination, which comes just over a year after he and his four-person team joined Serhant from Douglas Elliman, were unclear. The broker’s personal page on Serhant’s website was inaccessible as of Wednesday morning. Shemesh could not immediately be reached for comment. It’s the broker’s third abrupt exit in recent memory. Shemesh joined Serhant