A former office property recently reverted to industrial use secured a tenant for more than half its space. New York City’s Department of Transportation signed a lease for 212,000 square feet at 47-25 34th Street in Long Island City, the Commercial Observer reported. The Queens property is owned by a joint venture of Metropolitan Realty […]
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A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.
The departures are the latest fallout for firms that cut deals with President Trump to avoid executive orders.
Ivanhoe Cambridge is facing a tough test at a Financial District office building. The landlord — the real estate unit of Quebec’s public pension fund manager, Caisse de Dépôt et Placement du Québec — defaulted on its $359 million mortgage at 85 Broad Street, people familiar with the matter told Bloomberg. The loan was transferred […]
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The departures are the latest fallout for firms that cut deals with President Trump to avoid executive orders.
Whose rent board is it anyway? The board where everything’s made up and the numbers don’t matter. These are perennial complaints about the city’s Rent Guidelines Board — that the mayor has inordinate influence over the board’s decisions and that the board discards its own math. Both criticisms made an appearance during the second city-sponsored […]
This article originally appeared on The Real Deal. Click here to read the full story.
Bitcoin and other digital assets are quietly growing in many nest eggs, with the encouragement of the Trump administration. Hidden risks are mounting, our columnist says.
Oil prices are up and stocks are down, as investors fear a potential wider regional conflict.
A small decline in interest rates on federal loans for next school year is the first in five years. It comes amid turmoil in student loan and financial aid programs.
As we reported Thursday, recently appointed Rent Guidelines Board member Alex Armlovich took to social media to explain why the board won’t freeze rents. In a remarkable series of tweets, he noted that RGB rent increases have been below inflation for 10 years. “RGB has been setting record low rent hikes, not record high,” he […]
This article originally appeared on The Real Deal. Click here to read the full story.