But the companies and other large oil producers are continuing to increase production because drilling still remains profitable.
When a process doesn’t work, people find a way around it — legal or not. Housing court is an example, but first, another one. Trigger warning: It’s about immigration. For some desperate people, the benefits of moving to the U.S. are great, but the chances of immigrating legally are small, and it takes years just to get an answer. So they sneak in, or overstay their visa. For the same reason, some New York landlords change the locks rather than go to housing court to evict someone — especially someone who’s not on the lease. Housing court could be a […]
This article originally appeared on The Real Deal. Click here to read the full story.
The city has tapped Douglaston Development and Kinwood Partners to build a 590-unit residential building at the Gansevoort Meat Market site. The city’s Economic Development Corporation issued a request for proposals for the site in January, seeking developers for a 10,000-square-foot lot at the corner of Little West 12th Street and 10th Avenue in the Meatpacking District. Up to 55 percent of the apartments will be set aside as affordable, though the income levels have not yet been finalized. The development team intends to apply for the property tax break 485x; as a result, at least 25 percent of those […]
This article originally appeared on The Real Deal. Click here to read the full story.
Amid skyrocketing demand for artificial intelligence systems, the chip-making giant has been thrust into the economic feud between Beijing and Washington.
There were 189 transactions totaling $445 million recorded in New York City in the 24 hours before 4 p.m. on Thursday, Oct. 30. 🏆 Residential: Carnegie Hill notched the most expensive residential transaction in New York City on Thursday, Oct. 30. Rick and Simran Singh paid $7.2 million for a sponsor unit at 1289 Lexington Avenue, which was developed by Zeckendorf Development and The Stahl Organization. The condo measures just over 3,700 square feet. The duplex has four bedrooms and four and a half bathrooms, and it was listed for sale in March at $7.5 million. Zeckendorf Marketing’s Jill Bernard […]
This article originally appeared on The Real Deal. Click here to read the full story.
Jensen Huang, the Nvidia chief executive, and the leaders of Samsung and Hyundai staged a regular-folks outing in Seoul before announcing a business deal.
Major apartment REITs reported a shortage of new leases and stagnant rent growth, with some owners going so far as to lower guidance for the remainder of the year as economic concerns grow.
Renewed leases remain steadier as people stay put in uncertain economic conditions, but a dearth of new leases is stifling rent growth, according to third-quarter results released by five multifamily landlords this week.
“Blends began the quarter ahead of our expectations but over the last 45 days have decelerated beyond typical seasonality, which we largely attribute to the economic uncertainty,” said UDR CEO Michael Lacy, describing combined rent growth for new…
As the economic engine for the region, coal offered solid work. But it has also used up water, polluted the air and raised health concerns.
Sometimes even your most valiant efforts aren’t enough to get you to the gate on time. Here are some ways to get your trip back on track.
Talks between YouTube TV and Disney about fees broke down on Thursday ahead of a deadline. YouTube TV said Disney removed its channels from the streaming platform.