Seattle-based Onder offers a subscription service for homeowners to access contractors.

The Aon Center lost nearly half of its value since the property’s last valuation in 2018 as the prominent skyscraper struggles with increased vacancy, rising real estate taxes and a hefty loan balance. 
The 2.8M SF office tower at 200 East Randolph St. reported a new value of $414M, down from a valuation of $780M when JPMorgan Chase lent $536M for the property in 2018, per a Morningstar email alert. The loan moved to special servicing in February, but the borrower negotiated a modification and three-year extension this summer. 

The British designer and successor to Mr. McQueen will leave the label she has led for 13 years after one last show at Paris Fashion Week.

Major indexes open the week with gains while investors await economic data.

The U.S. Food and Drug Administration has given the green light to updated mRNA-based Covid-19 vaccines, the second-to-last step before the new shots can make their way to patients.

A Texas judge’s sweeping ruling says the Consumer Financial Protection Bureau exceeded its authority in trying to examine banks for uneven treatment.

Manhattan’s luxury market had a modestly above-average Labor Day week.

Eighteen contracts were signed for homes asking $4 million or more, according to Olshan Realty’s weekly report, two more than the 10-year average for the short week. That matched the number from the previous week, which is typically slow because wealthy buyers are on vacation.

The highest-priced home to go into contract last week was unit 92E of Gary Barnett’s Central Park Tower, 217 West 57th Street. Its asking price of $34.3 million was down 11 percent from $38.5 million when marketing started at the building in 2018. Barnett’s firm, Extell Development, had been offering larger discounts as he worked to pay off the building’s debt in a down market.

The four-bedroom, 4.5-bathroom unit spans 4,250 square feet and has ceilings over 11 feet high. It offers views of Central Park from the living room, dining room and eat-in kitchen.

The Billionaires’ Row tower, which initially marketed itself as the world’s tallest residential building, has indoor and outdoor pools, a fitness center, and a club with a ballroom, bar, dining facilities and a cigar lounge.

The second most expensive home to find a buyer last week was the eighth-floor unit at Miki Naftali’s 1165 Madison Avenue, asking $22 million. It went into contract for more, according to Olshan, which is unusual at the top of the market.

The 6,100-square-foot home has five bedrooms and 6.5 bathrooms. Amenities in the new Naftali Group building, called the Bellemont, include a squash court, a fitness center, concierge, rooftop terrace and screening room. The seller bought the unit for $19 million in 2022.

Of the 18 luxury Manhattan homes to go into contract last week, 11 were condos, four were co-ops and three were townhouses. Their combined asking price was $189.2 million, which works out to an average asking price of $10.5 million and a median of $7.1 million. The typical one spent two years and seven months on the market and was priced down 5 percent from the initial listing.

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Apple, which is set to release a new iPhone on Tuesday, has increased its share of smartphone sales by converting Android customers and adding teenagers.

Keeping an iPhone business deal for a couple more years will help the chip maker’s diversification plan.

J.M. Smucker, the maker of jellies, Jif peanut butter and Uncrustables, agreed to take over Hostess Brands, adding Twinkies, Ho Hos and Ding Dongs to its portfolio of snacks.