‘Market realities’ force Greenwich homeowners to sell for less Homeowners trying to sell off pricey properties in Greenwich are settling for less than optimal offers — or giving up and renting out their homes instead, the Wall Street Journal reported. One homeowner decided to auction off his Round Hill Road home after it took three price chops during its four years on the market, saying he “[didn’t] want it to drag on.” Music executive Tommy Mottola […]
The City Council’s Committee on Environmental Protection has passed a sweeping package of bills to cut greenhouse gas emissions, paving the way for adoption by the full council later today, Crain’s reported. And with projected costs north of $4 billion, a lot of landlords do not like it. The proposed legislation, dubbed the Climate Mobilization Act and described as New York City’s version of the controversial Green New Deal, would force landlords to cut emissions […]
A hospitality startup that provides short-rentals for professionals has closed on a $160 million funding round led by Airbnb. Lyric, which partners with landlords to provide units in multifamily buildings for business travelers, closed on the equity and debt funding round this week, according to TechCrunch. The series B funding round is a huge surge of capital for the company, which had only raised $19 million in previous funding rounds. The platform has gained significant […]
The long-awaited report by Special Counsel Robert Mueller provides additional details on the abandoned Trump-branded project in Moscow and the 2016 meeting between Jared Kushner and a top Russian bank executive. Much of the information presented in the 400-plus page report, released on Thursday, has already been made public, but it still offers some additional insight into how Mueller decided against accusing President Trump of conspiracy. The report left open the issue of obstruction of […]