Brookfield Asset Management has announced an agreement with the Trump administration to accelerate development of new nuclear power projects.
Cannon Hill Capital and its partners refinanced their Netflix-leased Union Square office building to the tune of $130 million. DekaBank and Crédit Agricole provided the financing for 888 Broadway, the owner told The Real Deal. In addition to Netflix, the 220,000-square-foot building — which includes an annex next door at 38 East 19th Street — is home to the software company Atlassian. The retail is leased to ABC Home & Carpet and a trio of restaurants run by Jean-Georges. William Equities’ Michael Cohen, who joined Cannon Hill and Eyal Ofer’s Global Holdings in recapitalizing the property earlier this year, said […]
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The federal government announced on Tuesday that it would back an effort to build several new Westinghouse nuclear reactors, but offered few details.
Barbara Corcoran just nabbed a new co-op on Fifth Avenue. The founder of the Corcoran Group and “Shark Tank” investor paid $16 million for a penthouse at 1016 Fifth Avenue in what appears to be an off-market deal, according to public records. The deal comes roughly three weeks after she closed a deal for another penthouse in the neighborhood, about a dozen blocks north of her new digs. Corcoran paid the full asking price for her latest pad, according to Corcoran’s Carrie Chiang, who represented her in the deal. Unit PH-W hasn’t traded since the city began recording property transactions […]
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Broadcast TV continues to draw big audiences. And they are increasingly getting special events, award shows and sports — lots of sports.
The New York City Economic Development Council has tapped Coney Island-based Rybak Development to lead the next phase of the sweeping redevelopment effort in Coney Island. The announcement comes eight months after the mayor’s office released a request for proposals for a developer to build a 500-unit project on Surf Avenue between West 21st and 22nd Streets. The development is one piece of the city’s plans for the neighborhood, including funding affordable housing projects, a more than $1 billion investment in the historic Coney Island Boardwalk and a $42 million renovation of the Abe Stark Sports Center. Rybak’s project is […]
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New York legislators are taking aim at the insurance crisis battering affordable housing landlords. A trio of bills unveiled this week would create a $50 million fund and ramp up oversight of insurers after years of spiraling premiums that advocates say threaten the city’s low-income housing stock, Bisnow reported. Assembly member Emérita Torres, who represents the South Bronx, introduced the measures after a study by the National Equity Fund and Enterprise Community Partners found that insurance costs for affordable buildings have more than doubled since 2017, from $712 to $1,495 per unit. The study also found that more than half […]
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The states petitioned a federal court days after the Agriculture Dept. said it would not take emergency steps to provide aid during the government shutdown.
Toyota said it would sell some of its U.S.-made cars in Japan, one of a number of announcements by companies responding to U.S. pressure over trade imbalances.
Six years after Hang Dong Zhang purchased a site in the Court Square section of Long Island City, BZ Development Group is ready to do something with it. The Flushing-based firm filed demolition plans with the Department of Buildings for its site at 23-08 Jackson Avenue, Crain’s reported. The razing of the three-story, 18,000-square-foot building will give way to a luxury condo project dubbed The Moon Court Square. An affiliate of BZ purchased the site in June 2019 for $8.2 million. It’s unclear why it took more than half a decade for the developer to make progress at the site, […]
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