What can real estate learn from Rochester? More than you might think. About what not to do, that is. Upstate cities such as Rochester, Syracuse and Utica declined as industry retrenched or moved to the South or overseas. New York City’s large manufacturing base was also gutted, with employment in that sector plunging from 1 million jobs to about 55,000. Yet New York City’s economy grew while its upstate counterparts withered away. Why haven’t upstate cities been able to reinvent themselves as New York City did?  X user @PhilSustainable got me thinking that poor land-use policy is a big part […]

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Plus, should you endure a stultifying work life to enable a happy personal life?

Carlos Saavedra was hoping for a repeat. Standing on the roof of a converted multifamily property on Clinton Street in Brooklyn Heights, Saavedra points to a brick building on Sidney Place with a nearly-abutting back lot. He’s planning to do something similar there to the Clinton Street property he converted into a single-family townhouse and hopes to sell for an unnamed — but sure to be astronomical — price.  Saavedra, a co-head of developer Eckstrom, says he thinks Brooklyn Heights could use more condos. But the single-family opportunity proved too hard to resist.  He’s not the only developer who has started […]

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Investigators say contractors wrapped the buildings in substandard scaffolding netting and then sought to hide it from inspectors. The toll from the fire rose to 151.

The Alexander brothers are headed to trial.  Former star brokers Oren and Tal, and their brother Alon have spent the last year in jail, after they were forced to trade their waterfront mansions and an apartment on New York’s Billionaires’ Row for Brooklyn’s Metropolitan Detention Center.  Since being arrested in Miami early one December 2024 morning, the brothers have been in limbo, awaiting a verdict on the federal charges that took shape after years of rumors and whispered allegations gave way to a crush of lawsuits and investigations.  But the months of uncertainty are nearing an end: their long-anticipated trial […]

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Volatility has returned to stocks and crypto trading, despite assurances from a top administration official, as investors brace for more data on consumers.

The move by the parent company of ChatGPT is meant to help imbue Thrive Holdings’ accounting and I.T. services companies with artificial intelligence tools.

At the party in Ibiza, Alex Sapir looked happy. It was six months before he and his girlfriend, Leila Ben Khalifa, welcomed their daughter, and they were surrounded by their friends, models and Burning Man enthusiasts in fringe and crowns. From appearances, the question of his dwindling real estate portfolio was not on Sapir’s mind that night in July of 2023. In a photo since removed from her Instagram carousel, Ben Khalifa is grinning, her head turned toward Sapir. He wears a block-printed cardigan tunic and a smile more mild than hers. “My heart is full of joy and gratitude […]

This article originally appeared on The Real Deal. Click here to read the full story.

Remote work means less training and opportunity for advancement, especially for younger workers, research suggests. Some are getting the message.

Remote work means less training and opportunity for advancement, especially for younger workers, research suggests. Some are getting the message.