The COVID-19 pandemic is and will continue to be devastating for city centers, at least until full vaccination. Beyond that, the permanent rise of teleworking will permanently change city centers….
The Kennedy family’s former Palm Beach compound, where President John F. Kennedy worked on his 1961 inaugural address, sold for $70 million. Jane Goldman, a prominent New York City landlord, sold the 11,334-square-foot oceanfront estate at…
New York City will enter phase two of reopening on Monday, Gov. Andrew Cuomo said in his last daily briefing Friday. “All regions of the state have lower infection rates, and the state experts have gone…
A Chicago restaurant got a big break on its rent by using a legal strategy other retailers may hope to copy. A federal bankruptcy judge reduced Giglio’s State Street Tavern’s rent to just 25 percent from…
Businesses and individuals are taking stock of their losses stemming from the coronavirus pandemic, as reopenings begin in major cities across the country. The full impact has yet to be seen, as office buildings, stores and…
This new San Diego med spa is beautifully chic. …
The loss of tourism alone could drain New York City of $1.8 billion in tax revenue from hotels. The estimated loss includes $968 million in room-occupancy taxes and $342 million in other taxes, Crain’s reported, citing…
Target is bringing two new stores to Manhattan. The big-box retailer has taken nearly 80,000 square feet on the Upper East Side and Upper West Side, PincusCo reported. Target signed a 20-year, 55,614-square-foot lease at Vornado…
An epic preservation battle over two tenement buildings facing York Avenue seems to have been ended by the U.S. Supreme Court. But is it really over?…
Crowdfunding firm Prodigy Network has sold one of its commercial properties at a $10 million loss, creating further uncertainty for investors in the troubled firm. The company sold 114 East 25th Street — where it operates…
The apartment was the longtime home of Felix G. Rohatyn, the financier who helped keep New York City out of bankruptcy decades ago….
The longtime Upper East Side home of Felix G. Rohatyn, who helped rescue New York from insolvency in the 1970s, is coming to market for $22 million….
Sometimes, in order to expand a company, it’s important to recognize that the customer or client is not always right — or not right for your business — and you should let them go….
Mortgage rates just hit a new low for the third time this year. Will they stay there? Here’s what experts predict….
In the 18 months leading up to the coronavirus crisis, developer Michael Shvo and his partners were among the most aggressive investors in the market, acquiring $3.5 billion in real estate across the U.S., including Chicago’s…
Last May, Rent Stabilization Association President Joseph Strasburg warned lawmakers that planned reforms to New York’s rent stabilization law would devastate the city’s housing stock. “The sky isn’t going to fall overnight,” Strasburg testified at an…
The financial crisis caused by the coronavirus outbreak has led young people from elsewhere to leave the city, uncertain if they will come back….
Coronavirus killed the new neighborhood’s momentum, but its potential for rebound could be a bellwether for the city’s overall economic health….
New Jersey leasing teams and renting prospects have been among those quick to embrace virtual touring. Throughout the Garden State, property managers have given touring-minded prospects what they want, virtually speaking….
Mass confusion in the legal community arose after New York’s top administrative judge issued a bewildering memo which halts all eviction proceedings until further notice — or not, depending on your interpretation. The late-afternoon directive from…
