Don’t call it a comeback. The luxury market in Brooklyn was stuck in neutral last week, as six properties asking $2 million or more went into contract in the borough last week for a combined total value of $17.4 million, according to Compass. The prior week saw seven homes with combined asking prices of $17.5 million go into contract. The week before that, it was seven contracts and $22.5 million. Contract activity in the borough
While tenants protested the reopening of Housing Court Monday, incensed landlord attorneys plotted actions against the city and state for not doing enough to allow evictions. Some 100 attorneys from the Brooklyn Housing Court Bar Association convened to discuss the conflicting guidance given ahead of the scheduled reopening of Housing Court. But the tone quickly escalated to frustration. Some attorneys suggested that the court was not on the same page as Gov. Andrew Cuomo, who
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In Jacksonville Beach, Florida, 16 employees and patrons of an Irish pub were infected with coronavirus in just one evening. And in suburban Chicago, Walmart was sued by the family of an ex-employee who died after she allegedly contracted coronavirus at work. These incidents are happening as brick-and-mortar shops reopen across the U.S. including Los Angeles County, which greenlighted the return of mammoth malls like The Grove and Del Amo Fashion Center that power the
As lockdown restrictions begin easing in the U.S., the Malibu beachfront property owned by Soho House, a private members club for the jet-set, has reportedly begun to reopen. That’s good news for the company, which also secured an investment of $100 million from new and existing shareholders, Sky News reported. The British TV news channel said the funding round was led by the company’s largest investor, Ron Burkle, founder of the private equity firm the
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Even for Valentino, the rent on Fifth Avenue is too damn high. The luxury high-fashion boutique is suing its landlord to terminate the lease on its four-story store in a coveted section of the retail corridor, the Wall Street Journal reported. The pandemic has been a disaster for Valentino SpA, but tellingly, its lawsuit argues that Fifth Avenue would not make sense for its business even after the pandemic. Valentino started its lease in August