Rockwood Capital’s Christmas wish came true: it sold its Midtown office tower near Grand Central Terminal. But it may feel like a stocking of coal compared to previous offloading efforts. Sovereign Partners sealed the deal on a $273 million acquisition of 2 Grand Central Tower on Thursday, the Commercial Observer reported. The deal for the 667,000-square-foot property breaks down to $409 per square foot. This year, Rockwood put the property on the market, seeking a sale price of roughly $270 million. The last time the private equity investor tried to sell, back in February 2020 (shortly before the Covid-19 pandemic […]

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Filed in federal court on Friday, the suit joins more than 40 other court disputes between copyright holders and A.I. companies.

Shifting expectations of a Fed rate cut reflect underlying uncertainty about politics and the economy. Here are some essentials for managing risk in investing.

Sometimes all it takes is one big fish.  The hush-hush ultra-luxury offering from Atlas Capital Group and Zeckendorf Development at 80 Clarkson Street is the first Manhattan condo project to crack a projected sellout of over $2 billion since the infamous Xi from HFZ Capital in 2018.  The two-tower project along the West Side Highway helped push the total sellout for the 10 most expensive condo projects in Manhattan above the $3 billion mark for the first time in the last three years.  That $3 billion serves as a new benchmark shows how far removed the city is from the […]

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Starting next year, people who became disabled by age 46 will be eligible to open ABLE accounts. The accounts have been slow to catch on, partly because the current age limit is 26.

IndiGo, which controls nearly two-thirds of the domestic market, blamed the disruption on weather, tech systems and rules about rest for crew members. Pilots said the company was cutting corners.

Will Kwan, a co-op board member who testified Tuesday against a bill requiring boards to tell rejected buyers why they were denied, said he can “count on one hand the number of applications we have rejected” during his 28 years on the board. So, if the bill passes, only about once every seven years would his board have to explain a rejection to a would-be buyer. Not a compelling argument against it, Mr. Kwan! But I don’t want to pick on a long-serving, unpaid board member. I am one myself. Fortunately, City Council member Eric Dinowitz voiced an even more […]

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Netflix struck a deal to buy one of Hollywood’s most storied studios. But a scorned rival, and the Trump administration, may put up a fight.

There were 169 transactions totaling $327 million recorded in New York City over the 24 hours before 4:00 p.m. on Thursday, Dec. 4, 2025. 🏆 Residential: The top recorded home sale in the Big Apple was in Tribeca. Andrew Fulton paid $7.9 million for a condo at 87 Leonard Street. The seller, Balt and Ro Properties LLC, had owned the unit since 2016, when the company bought it for just under $7.9 million. The unit measures about 7,400 square feet, with more than 400 square feet of exterior space. It also has six bedrooms and five and a half baths. […]

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Some of the mid-Atlantic’s largest developers are putting away their shovels and taking out their checkbooks. 
Because acquiring apartments is cheaper than developing ground up, investors and developers — even those whose bread-and-butter has been ground-up development — are going all-in on buying existing apartments.
“I have a voracious appetite to buy new buildings,” Bozzuto Group CEO Toby Bozzuto said Tuesday at Bisnow’s Multifamily Annual Conference East, held at the Bethesda North Marriott Hotel & Conference Center.