A hefty tax bill is coming due for Jeff Winick as his fall from the perch of his brokerage firm continues. A bankruptcy judge ordered the Winick Realty Group founder to pay approximately $9 million to the Internal Revenue Service for income tax he failed to pay between 2012 and 2016, Bisnow reported. The judge declared Winick’s tax filings for those years an “outright fabrication,” though he was credited for paying $2 million in taxes from 2014 to 2020. The bankruptcy judge’s decision was reported first by Bloomberg Law. The ruling was years in the making. The IRS sued Winick […]

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The National Transportation Safety Board is set to vote on the probable cause of last year’s crash near Washington and make recommendations.

The parent company of several well-known fast-casual restaurant chains sought bankruptcy protection this week to reduce its debt obligations.

Lily Allen and David Harbour’s breakup townhouse topped the most expensive contracts signed in Brooklyn last week.  The deal for the Carroll Gardens home asking $7.3 million was the priciest of 20 contracts — eight condos, one co-op and 11 houses — signed from Jan. 20 to Jan. 25  for a total contract volume of $69 million, according to Compass’ weekly report of contracts for homes asking at least $2 million. Last week, Brooklyn’s luxury market saw 10 deals signed for a total contract volume of $33 million.  Allen and Harbour bought the home for $3.4 million in 2021 and […]

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CoStar’s foray into residential real estate has drawn the ire of a major shareholder, who released a strongly worded letter to the real estate data juggernaut’s leadership Tuesday calling for big changes. 

The delivery company said it was planning the cuts this year because it expected to deliver fewer packages for Amazon, a large but unprofitable customer.

The delivery company said it was planning the cuts this year because it expected to deliver fewer packages for Amazon, a large but unprofitable customer.

John Beyer, a preservationist, architect and last surviving co-founder of the firm Beyer Blinder Belle, died last Tuesday at his Manhattan home, the New York Times reported. He was 92. A representative from his eponymous firm confirmed his death. No cause of death was given. Beyer, Richard Blinder and John Belle founded the company in 1968 after breaking off from shopping mall pioneer Victor Gruen. The firm staked out a reputation for preserving New York City’s history and adapting old properties into more contemporary uses. Born on Feb. 13, 1933 in Hackensack, New Jersey, Beyer grew up in Teaneck. His […]

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Ian Schrager is approaching 80 years old, but he’s still pursuing his dream of running a big company. Now, he’s partnering with a major management firm to scale up Public Hotels. Schrager joined forces with Highgate to operate his Public brand, the Wall Street Journal reported. The partners aim to acquire hotels or small hotel companies, develop properties and convert Highgate assets to the Public banner. Highgate, which owns or manages more than 400 properties across the world, won’t be taking an ownership stake in Public. It will be involved in acquisitions and management contracts, though. The hotelier is also […]

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The tech giant has spent more than $6 million on TV ads in state capitals and Washington, with the message that data centers create jobs.