The European Union came up with an 11th-hour compromise to help Ukraine, but the solution raised questions about the bloc’s decisiveness.
Did you read John Catsimatidis’ wild interview with the New York Editorial Board? Before I get to that, some history: Catsimatidis has clashed with me a couple of times — once because I supported a bill to ban supermarkets from giving away plastic bags (which passed and has worked well), and later because I doubted he would follow through on an idea to run for mayor again (he didn’t). Cats is a self-made billionaire. That doesn’t happen by accident. It’s fair to say he’s a business savant, especially at buying companies dirt-cheap out of bankruptcy (oil refineries, gas stations/convenience stores) […]
This article originally appeared on The Real Deal. Click here to read the full story.
There were 123 transactions totaling $274 million recorded in New York City in the 24 hours before 4 p.m. on Thursday, Dec. 18. 🏆 Residential: The top home sale recorded in New York City was at Extell Development Company’s 50 West 66th Street on the Upper West Side. TM66thStreetLLC dropped $46.8 million on a six-bedroom, 7,000-square-foot pad that had been combined from two units on the 41st floor. The condo has six bathrooms and 288 square feet of outdoor space. 🏆 Commercial: The top recorded commercial transaction was in Flushing, where a development site at 144-28 Northern Boulevard sold for […]
This article originally appeared on The Real Deal. Click here to read the full story.
The president’s paper wealth soared on news that the company behind Truth Social has agreed to merge with a fusion start-up. But China is way ahead in the funding race to commercialize the technology.
After three years of negative returns, a $3.6B private real estate fund listed on the New York Stock Exchange this week, giving frustrated investors a long-awaited exit.
The Bluerock Total Income+ Real Estate Fund launched in 2012 and invests in other private real estate funds. Its public listing was closely watched as a test of how private fund managers value their holdings versus what public markets are willing to pay.
The results were brutal.
New York-based alternative asset manager Bluerock pegged the fund’s net asset value at $25.52 per share ahead of its market debut. Within minutes of opening for trading, the fund…
Wall Street stock gurus are making predictions again. Our columnist got into the game with a number he doesn’t believe.
Politics and border hassles have chased away foreign visitors, costing businesses billions. Some fear next year’s World Cup won’t be enough to bring tourists back.
The agency’s high-level turnover and conflicting policy decisions on drug oversight have fueled concerns about the leadership of Dr. Marty Makary.
What started as a term to describe the pandemic recovery has become a catchall in these anxious economic times.
A reordering of the rules of trade, set on top of transformational change in technology, demographics and climate, is remaking jobs, politics and lives.