Two apartment towers on the Upper East Side have been sent to special servicing after their owners, two major players in New York real estate, defaulted on the properties’ mortgage. The $540 million loan for 305 E. 86th St. and 160 E. 88th St. was sent last month to special servicing, where troubled mortgages get […]
Upper East Side apartment towers head to special servicing Read More »
Alcohol products like beer and wine should carry warnings of their links to cancer, the U.S. Surgeon General said Friday, citing an increased risk of developing tumors in the breast and other parts of the body. Scientific evidence of the connections between alcohol and cancer has been rising for decades, but less than half of
Surgeon General calls for cancer warnings on alcohol labels Read More »
A pair of new mixed-use towers containing hundreds of apartments and two car dealerships could rise on Manhattan’s West Side along what has historically been known as “Automobile Row,” records show. Developers the Chapman Group, an Upper East Side-based national real estate firm with a focus on parking, and Friedland Properties, also based on the
Two mixed-use towers proposed for Manhattan’s ‘Automobile Row’ Read More »
This will be the year that makes or breaks Kathy Hochul’s political career. The Democratic governor, who won a full term in 2022 and intends to run again in 2026, is at a crossroads. Her approval ratings are middling and she has never enjoyed widespread popularity. And unlike her scandal-scarred predecessor, Andrew Cuomo, she has
On Politics: This year will make or break Kathy Hochul Read More »
With less than 12 hours to spare before the clock switched over to 2025, Gov. Kathy Hochul announced that the state’s legal cannabis industry surpassed the $1 billion sales mark since its launch just over two years ago, driven by 275 operational adult-use dispensaries. Not only that, but the number of legal marijuana shops is
New York surpasses $1B in legal weed sales Read More »
Cold Spring Hills Center for Nursing and Rehabilitation has filed for chapter 11 bankruptcy protection, stating that it must reorganize its business and access additional cash to pay off more than $50 million in debt. The Long Island nursing home filed for bankruptcy protection in a federal court in White Plains on Thursday “to obtain
Cold Spring Hills nursing home files for bankruptcy Read More »
Leases CBRE takes space in Lever House Address: 390 Park Ave., ManhattanLandlord: Brookfield Properties and WatermanClarkTenant: CBRELease size: 64,350 square feetAsset type: OfficeBrokers: Silvio Petriello represented the tenant in-house. CBRE’s John Maher, Peter Turchin, Caroline Merck, Alex Benisatto, William Hooks and Maxwell Tarter represented the landlord. Read more about the deal here. Sales Luxury office
Deals of the Day: Jan. 3 Read More »
CBRE is expanding its New York presence with a deal to take more than 64,000 square feet of space at Lever House for a new global financial headquarters, the real estate firm announced Friday morning. The company has partnered on the deal with coworking firm Industrious, which will design and operate the space at 390
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The Metropolitan Transportation Authority is leaning into the low-tech upgrade of lining subway platforms with metal barriers to address one of the system’s most intractable problems: the dozens of people each year who are struck by trains after being pushed or falling onto tracks. Transit officials intend to install waist-high barriers along platforms — with
MTA leans on metal barriers to defend riders from subway shovers Read More »
New York State is spending millions of dollars to prepare counties for new lead paint rules that are set to take effect later this year. The state Department of Health has distributed $16 million so far to help counties outside the five boroughs lay the groundwork for a new state registry of older rental buildings
State spends $16M to prepare for new lead paint regulations Read More »
