The Manhattan District Attorney’s office is cracking down on rental scammers — and the timing could be an opportunity for rental agents. Prosecutors on Thursday charged a 35-year-old man with identity theft and other crimes after he allegedly duped a would-be subletter out of rent money. The case comes after the DA recently charged two other men in similar schemes.  In the latest indictment, prosecutors claim Anthony Pittman stole a woman’s identity and forged documents to rent a luxury apartment in Murray Hill, only to sublet it to another tenant. The unit at the center of the case is a […]

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To fund heavy spending on infrastructure for artificial intelligence, companies have leveraged a growing list of complex debt-financing options.

There were 144 transactions totaling $595 million recorded in New York City in the 24 hours before 4 p.m. on Friday, Nov. 7. 🏆 Residential: The priciest recorded home sale in New York City on Friday, Nov. 7, was for a Greenwich Village penthouse at 40 Fifth Avenue, which sold for $19 million. The seller was billionaire Randy Lerner and the buyer was a trust tied to entertainment business manager Charles Sussman. Lerner acquired the pad in 2023 for $17 million. The latest deal appears to have been off-market. 🏆 Commercial: The top recorded commercial real estate sale was in […]

This article originally appeared on The Real Deal. Click here to read the full story.

Calvin Butler, the chief executive of Exelon, one of the nation’s largest utility companies, is trying to keep the lights on.

The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.

“It’s not that we got all political,” said Trey Parker, one of the show’s creators. “It’s that politics became pop culture.”

Niraj Chokshi, our reporter covering transportation, describes where and how flights are being cut in the government shutdown.

Frustration with cancellations and concerns about air traffic control are driving passengers away from flying and casting a shadow over Thanksgiving plans.

The cargo airlines said they had taken the step to immediately ground the fleets on the recommendation of the plane’s manufacturer.

The announcement of the deal signaled an end to the bidding war for Metsera between Pfizer and Novo Nordisk, the Danish maker of Ozempic and Wegovy.