NYC’s top deals: Bank Hapoalim takes over FiDi dev site for $37M

July 16, 2025 / no comments

There were 228 deals, totaling about $459 million, recorded in New York City on Tuesday, July 15. 🏆Residential: The top residential sale recorded in New York was for a Tribeca condominium. A trust dropped $28.1 million — nearly 38 percent off its most recent asking price — for a nearly 7,500-square-foot sponsor unit at 111 […]

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Churchill Downs Owner Places $180M Bet On New Southern NH Casino

July 16, 2025 / no comments

A Louisville, Kentucky-based investor reached a deal to buy the majority stake in a newly opened casino in Southern New Hampshire.
Churchill Downs Inc., owner of the famous race track that hosts the Kentucky Derby, entered into an agreement to acquire 90% ownership in the Live Casino in Salem, the company announced Monday. A securities filing shows it paid $180M for the stake. 
CDI purchased a 51% stake from The Cordish Cos., operator of the nationwide Live Casino brand. And it bought a 39% stake from F&L Gaming, an entity owned by local developers Sal Lupoli and Joe Faro.
Lupoli and Faro will maintain a 10% ownership of the…

Immigration Crackdown Dents Demand For Fast-Growing Ethnic Grocery Chains

July 16, 2025 / no comments

Sustained growth in large-format grocery stores catering to specific regional and ethnic cuisines has been supercharged by both the diversifying demographics of the United States as well as a nationwide embrace of foodie culture.
But an increased presence of immigration authorities in growth hubs for these retailers, particularly in Los Angeles, has taken a bite out of customer bases and foot traffic.
“If anybody denies there’s an impact, that’s naive, because there is,” Avison Young principal and Director of Retail Market Intelligence Meghann Martindale said. “There’s an impact on the employee side, with staffing for these small businesses. But the other element…