In arguments before the Supreme Court, the White House backed away from its claims that President Trump’s tariffs were about raising revenue.
Billionaire Stefan Soloviev’s latest North Fork play is testing how far the East End’s quieter half can bend before it breaks. He wants to turn 372 acres of farmland straddling Cutchogue and Peconic into nearly 50 luxury homes, the Suffolk Times reported. The plan has triggered fierce backlash from locals worried the North Fork is going the way of the Hamptons. The Soloviev Group’s proposal, called the Colusa Conservation Subdivision, would carve 47 residential lots out of one of the region’s largest remaining farm tracts. Plans call for 18 bluff-top parcels overlooking Long Island Sound and 29 inland lots, while […]
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Cerberus Capital Management is quietly raising billions of dollars for an opportunistic real estate fund.
BXP, the Boston-based REIT that developed Reston Town Center, has reportedly found a buyer for a pair of residential towers it delivered at the mixed-use district in 2018.
Innovation QNS may be no more, but developers are still hopeful of squeezing housing projects out of the Astoria megaproject site. The Hakimian Organization and Cheskie Weisz’s CW Realty filed plans for projects at 35-17 42nd Street and 42-08 35th Avenue in the Queens neighborhood, Crain’s reported. The developers acquired the adjacent sites at the start of the year for $15.8 million. On 35th Avenue, the partners are planning a 13-story, 90,000-square-foot property with 99 residential units, ostensibly seeking to duck the 485x wage requirements that would kick in with the addition of one more unit to the development. The […]
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Customs officials were ordered to inspect more than 200,000 packages entering the country at Charles de Gaulle Airport.
President Trump announced a deal with Eli Lilly and Novo Nordisk to lower prices on hugely popular weight-loss drugs for Medicare, Medicaid and American patients who pay with their own money.
David Tabak appears to have found his next Brooklyn project, one likely to be less complex than the much-watched Brooklyn Yards development. Tabak acquired the development site at 563 Sackett Street in Gowanus for $58.5 million, the Commercial Observer reported. The 38,500-square-foot site traded for nearly $1,520 per square foot. The seller was the Mazzei family, who has owned the one-story garage on the site since 2005. Demolition permits for the garage have yet to be filed, but it could be nothing more than a matter of time. Tabak is already looking at a 12-story, 350-unit residential building at the […]
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Drones, missiles and other crucial components of Europe’s rush to rearm itself rely on an increasingly unsteady supply of minerals from China.
Businesses and investors are bracing for uncertainty after Supreme Court justices questioned the legality of a core part of the president’s trade policy.