The unemployment rate rose in September as more people looked for jobs, according to data delayed by the government shutdown.
Under Richard Grenell, the performing arts center has given steep discounts to CPAC and FIFA, signed contracts with administration associates and spent lavishly on friends.
Michael Shvo’s bitter battle with Core Club is getting uglier. Shvo is asking a Manhattan judge for permission to bar the club from stationing its security staff in the lobby of 711 Fifth Avenue to check in guests, a privilege Core Club has enjoyed throughout its escalating legal war with the developer. In a motion filed Thursday, Shvo describes the lobby check-in as a voluntary courtesy that is not written into the lease. “It is indisputable that the lease does not provide [Core Club] any right to that special treatment,” Shvo argues in court documents. Shvo served Core Club a […]
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While some Chetrits are facing serious charges tied to alleged tenant harassment, Michael Chetrit’s firm is having a better time of things, restructuring a troubled loan on the Upper East Side. The Chetrit Organization modified the $714 million debt backing the Yorkshire Towers at 305 East 86th Street and Lexington Towers at 160 East 88th Street, the Commercial Observer reported. The modification brings the CMBS loan current, waives guarantees in the original deal and pushes back the loan’s maturity date, previously scheduled for June 2027. The restructuring came after months of negotiations with lender Rialto Capital and subordinate debtholders based […]
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Greystar has struck a deal to slip out of the group of landlords accused in a massive rent collusion case. The South Carolina-based operator agreed to pay $7 million as part of a settlement with nine states, Bisnow reported. The landlord is also accepting limits on the data it uses to price its massive portfolio to resolve claims from the nine attorneys general. The settlement would remove the company from the states’ antitrust suit targeting RealPage’s revenue-management software and the landlord consortium accused of using it to coordinate pricing. The deal still needs court approval and includes no admission of […]
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Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.
The Upper East Side townhouse at 7 East 81st Street, owned by Sotheby’s chief executive officer Charles Stewart and his wife Caterina, was described by Architectural Digest as “elegantly eclectic” in November 2023. These days, their next-door neighbors might call it something else. A lawsuit filed by a trust apparently representing Jill Davis, a long-time comedy writer and author, and Edward Conrad, a former Bain Capital managing partner, who live at 5 East 81st Street, claims the pair has been unlawfully renovating their home for over four years. A complaint filed on Wednesday outlines grievances with the construction and accuses […]
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Economists expect that employment growth was anemic in September, before the government shutdown delayed data collection.