The platforms allow people to bet on political races and the Oscars. Could they also be good for policy
As he and his company pour tens of billions into new data centers, Dario Amodei said they face a “cone of uncertainty.”
The National Park Service said seven hotels would temporarily close starting on Saturday after “significant breaks” in a crucial 12.5-mile water line.
Vienna waits for you, but savvy luxury homebuyers realized that they should wait out the initial ask on Billy Joel’s Centre Island home. The legendary crooner knocked $5 million off the listing at 502 Centre Island Road on Long Island, Newsday reported. Listed for $29.9 million in May, the massive home in the Oyster Bay hamlet can instead be had for $25 million today, or $1,250 per square foot. Berkshire Hathaway HomeServices Laffey International Realty chief executive officer Emmett Laffey referred to the price cut as a “slight adjustment,” though it dropped a sixth off the listing. Part of the […]
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A cooling labor market and economic softness in the United States haven’t prevented business leaders and policymakers from feeling positive about America’s prospects.
A mystery buyer has secured a spot atop one of New York’s most coveted buildings. Penthouse G at 443 Greenwich Street sold for $40 million, according to public records. The identities of the seller and buyer were shielded by limited liability companies. The home spent less than 24 hours on the market and sold for its full asking price, following momentum from the insatiable demand among wealthy buyers for trophy units in Downtown Manhattan. The penthouse previously housed Hollywood A-list couple Justin Timberlake and Jessica Biel, who bought the condo for $20 million in 2017. The pair sold it in […]
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Monadnock Development scored a large sum of money to develop a 300-unit multifamily project in Gowanus. Nick Lembo’s firm landed $175 million in construction financing for a development at 155 Third Street in the Brooklyn neighborhood, the Commercial Observer reported. PCCP and U.S. Bank provided the debt for the project, which will unfurl along the Gowanus Canal. A JLL Capital Markets team including Christopher Peck, Winfield Clifford and Kellogg Gaines arranged the debt. The 22-story project is sited to the west of the canal’s northern end. It will include 225 market-rate apartments and 75 affordable units; the development was approved […]
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A controversial bill that would give nonprofits first dibs to buy multifamily properties will now be less sweeping, but changes to the measure have not won over its fiercest critics. An amended version of the Community Opportunity to Purchase Act, or COPA, would apply to multifamily buildings with four or more units that are also considered distressed or that have affordability requirements that recently expired or will soon end. The previous iteration simply applied to properties with three or more units. The new version of the bill shrinks the pool of buildings subject to COPA and also decreases the exclusivity […]
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The Federal Reserve is again sounding the alarm on commercial real estate, sharpening its focus on office-heavy loan books at community and regional banks that are absorbing the brunt of the post-pandemic reset. In its latest supervision and regulation report, the central bank cited “elevated interest rates, tighter underwriting standards and lower commercial property values” as pressure points that could complicate refinancings and push more borrowers toward distress, Bloomberg reported. For real estate players, the subtext is familiar: lenders are bracing for more pain across offices and other challenged asset classes. The Fed’s message isn’t that banks are in danger […]
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Alex Karp also said he thought President Trump had “performed” on issues he cared about.