John Giannandrea, hired from Google, is leaving after the release of a new Siri was postponed. Apple has fallen behind rivals in efforts to develop A.I. products.

Peter Mainguy joined Partners Real Estate as executive managing director of services for the Texas region, the Houston-based brokerage firm announced Monday.
Mainguy had served as CBRE’s Houston market leader from 2020 until last week, when CBRE announced that it appointed Russell Hodges to replace Mainguy after he stepped down.
At Partners, Mainguy will oversee the growth and management of the firm’s brokerage, property management, valuation and advisory, and project management services throughout Texas. He will also be an equity partner.
“Peter’s appointment is a transformative moment for Partners as we continue to expand our footprint across Texas and further build our brand out…

Nearly two years after the largest single-day federal bribery takedown in the Justice Department’s history, federal prosecutors secured a perfect record on convictions. All 70 New York City Housing Authority employees swept up in a corruption sweep were convicted, Gothamist reported. Charges ranged from bribery to fraud and extortion. A vast majority of those charged pleaded guilty to felonies, though 11 pleaded guilty to misdemeanors. Only three took it to trial, all resulting in convictions. All told, the numerous defendants accepted more than $2.1 million in bribes combined, according to federal prosecutors. In exchange for the payouts, the defendants steered […]

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Pace, Di Donna and David Schrader of Sotheby’s are collaborating on an Upper East Side space that will focus on secondary market sales.

Billy Macklowe has snapped up the troubled loan on a Tribeca office building. The William Macklowe Company bought the $46 million note tied to 291 Broadway as the loan barreled toward foreclosure, The Real Deal has learned. Lender Flagstar Bank sold the note to Macklowe for slightly less than the balance of about $45 million, per a source with knowledge of the deal. The note sale comes after Flagstar sued owner Sutton Management in July to foreclose on the 129,000-square-foot property, alleging the borrower stopped making payments at the end of 2024. As of June 30, the landlord allegedly owed […]

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Pyramid Management Group is going through hard times with much of its portfolio, but it received a lifeline for its Crossgates properties in New York. Pyramid landed more than $200 million in financing for a pair of retail properties, the Times Union reported. The financing is split between $193 million for the Crossgates Mall in Guilderland and $13.8 million for the Crossgates Commons shopping center in Albany. Both of the deals take the form of five-year finance loans. The developer said in a release announcing the deal that the financing “enables Pyramid to reinvest in the properties, ensuring their vitality, […]

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Trammell Crow Co. is proposing a 12M SF data center campus about 25 miles north of Macon that will cost a reported $21B.

As of February, passengers without the government-approved identity card will be required to pay for alternative screening at U.S. airports.

OpenAI may need to find new sources of capital to fund its aggressive data center spending. And the clock is ticking. 

Brooklyn’s luxury market managed to dodge for a surprisingly strong holiday week.  The borough saw 19 contracts — 10 for condos, one co-op and eight townhouses —between Nov. 24 to Nov. 30 for a total contract volume of $56 million, according to Compass’ weekly report of contracts for homes asking at least $2 million.  Last year, Thanksgiving week saw 11 contracts signed in the borough for $38 million. In 2023, just seven luxury contracts were signed during the holiday week.  The median asking price for homes that entered contract was $2.8 million and homes spent an average of 102 days […]

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