A sharp reversal in Asian stocks, after a rally fueled by Nvidia’s strong earnings, underscores how fears of an A.I. bubble are driving broad market swings.
At Sotheby’s, he provided famous diamonds to Elizabeth Taylor and Richard Burton before reviving Verdura, a venerable jewelry company founded by a Sicilian duke.
Josh Rahmani and Ebi Khalil have flipped their Park Avenue South deal to Olmstead Properties. The Empire Capital co-founders went into contract earlier this year to buy 381 and 373 Park Avenue South from the Hemmerdinger family’s ATCO Properties, as The Real Deal previously reported. Now, Olmstead has bought the office buildings from ATCO for $104 million, with Empire retaining a small piece of the deal. “373 and 381 Park are quintessential Olmstead buildings — classic architecture, prime location and untapped potential,” Olmstead managing director Steve Marvin said in a statement. “Our broader portfolio is 95 percent leased because tenants […]
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The outcome of the sale could alter the trajectory of the entertainment business.
Karoline Leavitt, the White House press secretary, addressed for the first time a schoolyard insult that President Trump lobbed at a Bloomberg News reporter last week.
A rare stretch of Cutchogue acreage is hitting the market with a price that aims to capture the North Fork’s fast-rising luxury curve. Longtime East End broker and investor Judi Desiderio is preparing to list an 88-acre site running from Oregon Road to the Long Island Sound for $23 million, Newsday reported. She’s positioning the approved subdivision for buyers seeking large estates, farmland or both. Desiderio told the outlet that she’s soliciting offers before deciding whether to cash out or build the homes herself after a 7-and-a-half year approval slog. The plan carves the land into eight residential lots and […]
This article originally appeared on The Real Deal. Click here to read the full story.
Nvidia’s massive earnings beat provides yet more evidence that the AI data center boom is continuing to accelerate. Whether it is a bellwether for a potential artificial intelligence bubble is another story.
The company, now owned by a Chinese conglomerate, is investing $150 million in 18 American suppliers across 10 states.
A year after Banco Master SA signed a lease for nearly $200 per SF to take the remaining 27K SF in Miami’s most sought-after office building, the lender has been shut down by Brazil’s central bank and its controlling shareholder was arrested this week.
ByHeart, the maker of the product, has been linked to an outbreak of illnesses among infants that led to their hospitalizations.