Rachel Reeves, who has had a bruising tenure as the country’s top economic official, is set to announce tax and spending measures that risk stoking more discontent.
RealPage reached a deal to resolve the federal government’s allegations that its software helped competing landlords coordinate rents.
The Texas-based software company wouldn’t admit to any liability as part of the agreement, which needs sign-off from a judge, but will agree to implement changes to its widely used property and portfolio management software called AI Revenue Management.
As the life sciences market continues to face significant pain, a massive lab development over the Massachusetts Turnpike has paused until conditions improve.
San Diego-based IQHQ announced that its $1B, 960K SF Fenway Center project isn’t moving forward until it is at least 50% leased, the life sciences developer told The Boston Globe. Although the project isn’t moving forward, the deck the company built over the Mass Pike is set to complete in the first quarter of 2026.
“We have no plans to go vertical at this point,” IQHQ President Tracy Murphy told the Globe. “Given lending market conditions, we’re going to sit and evaluate once the…
A judge dismissed the criminal case against New York Attorney General Letitia James on Monday, the Associated Press reported. U.S. District Judge Cameron McGowan Currie dismissed the mortgage fraud case against James, as well as the criminal prosecution of former FBI Director James Comey. The judge ruled that the prosecutor in both cases, Lindsey Halligan, was illegally appointed by the Justice Department. The cases were thrown out without prejudice, meaning they could be revived in the near future. The path for refiling is uncertain, however, as the DOJ’s prosecutor in the cases appears to be ineligible to bring the indictments […]
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You might have heard that landlords are going crazy about COPA. Word is spreading that the City Council aims to reduce rents by giving nonprofits an exclusive window to buy apartment buildings before profiteers can. Council members are close to voting on a bill from Sandy Nurse called the Community Opportunity to Purchase Act. If COPA is a good idea, why not apply the same logic to things besides housing? After all, the affordability problem is also about food, clothing, energy and other necessities. Take supermarkets, for example. These profit-seeking institutions buy food from wholesalers, then mark up the prices […]
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Abramson Brothers is joining the wave of Midtown property owners turning their aging office buildings into apartments. The longtime office landlord filed plans last week to convert its 90,000-square-foot building at 333 West 52nd Street in Hell’s Kitchen into a 108-unit residential property, according to a filing with the Department of Buildings. Architecture firm CetraRuddy, which has become a go-to for office-to-residential conversions across the city, is leading the redesign. Abramson Brothers has owned the building since around the time of its founding in 1957. This will be the firm’s first office-to-residential conversion. Plans call for ground-floor retail and parking, […]
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The studies were a significant setback for the optimistic view that semaglutide and other GLP-1 drugs could help prevent a number of brain diseases.
Tech giants keep ramping up their artificial intelligence spending, but the blistering growth of the AI data center construction boom may not last much longer.
The Consumer Financial Protection Bureau said it would require a vow to “work collaboratively” with companies before beginning a review.
CBRE appointed Russell Hodges as senior managing director and Houston market leader to replace Peter Mainguy, who had held the position since 2020.
Mainguy “stepped down from the role to pursue other opportunities,” according to a press release from CBRE. Mainguy did not immediately respond to a request for comment.