The crackdown, ordered by the prime minister, added to the controversy over the Chinese fast-fashion retailer as it opened its first store in Paris amid chaotic scenes.

Sonida Senior Living acquired rival senior housing operator CNL Healthcare Properties in a stock-and-cash transaction valued at about $1.8B. 
The combination creates the eighth-largest owner of U.S. senior living assets, with roughly 14,700 units across a portfolio of 153 independent living, assisted living and memory care communities.
The merger is the largest senior housing transaction in the U.S. since 2021, The Wall Street Journal reported.

Carmakers and their suppliers are piecing together new supply chains after a Chinese-owned company in the Netherlands was caught in the middle of the trade war, revealing European vulnerabilities.

Fintech firm Current is withdrawing from Chelsea and depositing itself at Vornado’s Penn 2. The mobile banking company signed a 10-year lease for a little over 62,000 square feet on the 23rd floor of Penn 2, Vornado Realty Trust’s newly redeveloped office tower above Penn Station, The Real Deal has learned. The asking rent was $125 per square foot.  Current is relocating from RXR’s 620 Sixth Avenue, where it leased about 72,000 square feet in 2023, Commercial Observer reported. A Current spokesperson declined to comment on the new lease. The deal adds to Vornado’s momentum at the Penn District, where […]

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The Supreme Court is considering whether the president acted legally when he used a 1977 emergency statute to impose tariffs on scores of countries.

One culprit of the housing crisis was overlooked in this mayoral campaign: the Landmarks Preservation Commission. It doesn’t seem like Mayor-elect Zohran Mamdani or many other politicians are even aware of the issue. I’m not just talking about NIMBY groups trying to get properties designated as landmarks to block housing that would replace them, or pressuring the commission to reject projects that would replace parking lots or deteriorated churches in historic districts. I’m talking about the everyday struggles between property owners and the landmarks agency — the kind of fights that never make headlines. A recent social media post from […]

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Anti-hunger groups and state officials have warned that the administration’s plans to make partial payments are onerous and could still result in severe harm.

A development site straddling the border between Queens and Brooklyn sold this week, but that’s where the answers end and the questions begin. Renald Properties sold a seven-lot assemblage at the intersection of Myrtle and Wyckoff avenues for $37 million, Crain’s reported. The 71,000-square-foot site is technically in Ridgewood, but is nearly adjacent to Bushwick. The buyer was not revealed, but the price point represented one of the year’s biggest deals in the area, according to the transaction brokers.  The site comprises 21 retail businesses, including an autobody shop, a department store and a McDonald’s. The buyer would need to […]

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The groups challenging the president’s tariffs assert that the measures overstep the principle that Congress cannot cede its legislative powers to other branches of government.

Neal Katyal, who has argued over 50 cases before the court, represents a group of businesses. Benjamin Gutman, Oregon’s solicitor general, represents a coalition of states and is making his first appearance.