The lawsuit has added a layer of complexity to Paramount’s multibillion-dollar merger with Skydance, a Hollywood studio.
The annual Rent Guidelines Board vote generates so much spin you might need a neck brace. But neck braces are uncomfortable, especially when the temperature hits the mid-80s, as it will today in New York City. And it will feel hotter for landlords, given what’s at stake when the RGB votes. To gird yourself for […]
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Meta is looking to raise nearly $30B to finance the build-out of artificial intelligence data centers and is turning to some of the biggest names in private capital for help.
President Trump has repeatedly attacked Jerome H. Powell, chair of the Federal Reserve, for resisting his demands for lower interest rates.
Real estate’s biggest names are getting involved at the lending level on a giant Long Island City residential project. Starwood Capital Group, Gotham Organization and Blackstone Real Estate Debt Strategies provided the $389 million construction loan for the development at 30-25 Queens Boulevard, Bloomberg reported. The project is being developed by Baron Property Group and […]
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The construction timeline for a new arena in the South Philadelphia Sports Complex could accelerate now that the city has been awarded a WNBA expansion team.
While many in the business community are sounding the alarm about a potential Mayor Zohran Mamdani, the real-world impact largely remains to be seen. Benefit Street Partners Realty Trust may be the exception. In a LinkedIn post, Benefit Street’s head of real estate, Michael Comparato, claimed the alternative asset manager bailed on a $300 million […]
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The financial mess surrounding New York City real estate attorney Mark Nussbaum continues apace. Facing down creditors to the tune of tens of millions of dollars, Nussbaum’s law firms Nussbaum Lowinger and Mark J Nussbaum Associates filed a petition in New York Supreme Court to start a process known as an Assignment for the Benefit […]
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Just days after completing the acquisition of 15 all-inclusive resorts from Playa Hotels & Resorts, Hyatt Hotels Corp. is offloading the portfolio.
Michael Moritz co-founded The San Francisco Standard, a local news organization. It is acquiring Charter, a start-up focused on the future of work.