The White House is laying the groundwork to take over three municipally run golf courses around Washington, D.C., to spearhead their redevelopment.
Gotham Organization is getting its ducks in a row for a transit-oriented Long Island development. The New York City-based developer is set to file applications for a five-story, 157-unit mixed-use project adjacent to the Westbury Long Island Railroad station, Newsday reported. The Metropolitan Transportation Authority selected David Picket’s firm for the project earlier this year. Gotham locked in a 99-year lease with a base rent of $500,000 annually, which will jump 12.5 percent every five years. The $100 million development will be built on the site of a former MTA-owned parking lot. Notable aspects of the project include 10 percent […]
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Brian McGrory led the news organization for a decade until he departed in early 2023.
The Zeckendorfs’ “Limestone Jesus” returned to the top of Manhattan’s luxury market last week. Condos at 15 Central Park West snagged the two priciest deals inked in the borough last week, marking the first time the same building took the No. 1 and No. 2 spots since December 2020, according to Olshan Realty’s weekly report. The last building to do so was CBSK Irongate’s new development co-op at 1228 Madison Avenue. The two apartments were among 33 properties asking $4 million to find a buyer last week. The total was up from 29 in the previous period. The most expensive […]
This article originally appeared on The Real Deal. Click here to read the full story.
Savanna seemed to be running out of options on 5 Bryant Park, but has pulled out a major refinancing of the Midtown office tower. The company secured $510 million to refinance the 683,000-square-foot office building, the Commercial Observer reported. King Street Capital Management and Blue Owl Capital originated the floating-rate loan. An Eastdil Secured team including Rob Turner, Grant Frankel and Ethan Pond arranged the deal, which was first reported last month by PERE Credit. The refinancing retires a $463 million commercial mortgage-backed securities loan. The real estate investment firm previously missed a required balloon payment on the debt, which […]
This article originally appeared on The Real Deal. Click here to read the full story.
Elon Musk’s rocket and satellite giant is already planning a stock sale at an $800 billion valuation. Going public could put it in the trillion-dollar club.
A Brazilian manufacturer is spearheading a new plant in a sleepy rural town 200 miles south of Atlanta.
Grupo Vialume will invest $4.4M over the next year retrofitting an existing facility in Colquitt to manufacture traffic markers and reflective lenses, Georgia Gov. Brian Kemp announced Thursday.
Vialume CEO João Paulo Moura has said the firm was lured to Georgia by tax incentives and a stable U.S. dollar, but in the background, President Donald Trump’s tariff policies may also have motivated Vialume to shift production to the U.S.
Vialume is just one example of a wave of 2025 announcements of global manufacturing returning or…
Founded in 1990 by three M.I.T. researchers, iRobot introduced its vacuum in 2002. Its restructuring will turn the company over to its largest creditor.
Sometimes, a short-term rental doesn’t live up to its billing. Here’s how to recognize red flags before you turn up at the front door.
Naples, Fla., and Milwaukee are quite different, but have one thing in common: They are home to regional theaters that are thriving.