The media company formally rejected a hostile takeover bid by Paramount and questioned the purported political advantages held by its unwanted suitor.
The claim was made as part of Warner Bros. Discovery’s dismissal of Paramount’s hostile takeover offer.
Hours after publication of my Aug. 11 article about the substantial rehabilitation of a Williamsburg rental building, I got a frantic email from a reader. The building had been taken out of rent stabilization following the sub rehab and had been charging market-rate rents — a perfectly legal strategy — only for a state regulator to retroactively deny the deregulation. This would devalue the building, for which the owner had paid Jeff Sutton $9.75 million in 2023, and likely trigger a rent-overcharge lawsuit. This sequence of events would wipe out the investment and lead to foreclosure, with the lender selling […]
This article originally appeared on The Real Deal. Click here to read the full story.
There were 179 transactions totaling $486 million recorded in New York City in the 24 hours before 4 p.m. on Tuesday, Dec. 16. 🏆 Residential: The top home sale recorded in New York City was on the Upper West Side. Alex Lasry, CEO of the host committee for next year’s FIFA World Cup and son of billionaire Marc Lasry, purchased a penthouse at 535 West End Avenue for $20.7 million, or roughly $2,500 per square foot. The seller was a trust tied to Tamar Wolchok and Simona Ganz, daughters of the late Slim-Fast mogul S. Daniel Abraham. The condo has […]
This article originally appeared on The Real Deal. Click here to read the full story.
Rural stays booked on the Hipcamp platform allow budget visitors to save money while reveling in the outdoors.
A boundary-pushing array of new crypto ventures have reached the stock market, enticing investors and leading to more risk taking.
The person picked to replace Jerome H. Powell will be thrust into a credibility problem that will be difficult to escape.
With tariffs unpopular and prices still high, the White House has teased the promise of tariff rebates and large tax refunds next year.
Colder weather and rising electricity and fuel costs will lead to a big jump in costs for individuals, according to estimates from a group representing state energy officials.
JBG Smith has — for the second time this year — purchased a distressed office complex in Fairfax County.
The Bethesda-based REIT purchased Dulles View, a 360K SF property near Dulles International Airport, a spokesperson confirmed to Bisnow.