Companies redirected exports through other countries to avoid U.S. tariffs and policymakers turned up investment in manufacturing and infrastructure.
Once doomed to become a truck depot and marked down in the annals of epic land use fights, a Harlem site can now be transformed into 1,000 housing units. The City Council on Monday approved One45, a three-building project planned for West 145th Street and Lenox Avenue. The project will feature three buildings, with 1,000 […]
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Just as the casino competition was headed for the final stretch, the vision for the Bally’s golf course in the Bronx appears to have hit the end of the road. The City Council on Monday voted against the company’s request for zoning changes needed to turn a portion of the city-owned golf course at Bally’s […]
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The Trump administration is adding a 17 percent tariff to a year-round grocery store staple, while funneling more business to domestic tomato growers, largely in Florida.
Harry Macklowe’s problems at 432 Park Avenue are getting personal. The legendary developer attempted to list his penthouse for $75 million. One problem: he already lost ownership to lender CIM Group through foreclosure, the Wall Street Journal reported. Macklowe worked with Douglas Elliman to prepare his 78th-floor units for sale in recent weeks. The developer […]
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Beleaguered RFR principal Michael Fuchs is facing more trouble from a short-changed lender. HSBC, which provided £15 million (~$20.1 million) to Fuchs to help pay for his multimillion-dollar divorce settlement, claims Fuchs failed to pay off the loan when it came due in December. The London-based bank filed a motion for a summary judgment against […]
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Meta is ramping up its investment in artificial intelligence data center clusters, with CEO Mark Zuckerberg saying Monday it plans to spend hundreds of billions of dollars building out its AI infrastructure.
The Vanbarton Group has the financing in place to pursue its office-to-residential conversion on First Avenue. Eldridge Real Estate Credit, a unit of Eldridge Capital Management, provided a $250 million loan for 1011 First Avenue, Bloomberg reported. In addition to serving as construction financing, the loan also went towards the closing of the site’s $103 […]
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Members of the lab, including the new chief A.I. officer, Alexandr Wang, have talked about abandoning Meta’s most powerful open source A.I. model in favor of developing a closed one.
Brookfield Asset Management acquired a 3.6M SF Sun Belt industrial portfolio for $428M, adding to a growing list of acquisitions since it said last year it was ready to deploy $106B of dry powder.