Construction & Design
Construction worker wins record award
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By James Hagedorn In the largest personal injury settlement for a construction accident in New York City’s history, a court has award $36 million to a
Deals & Dealmakers
400,000 s/f anchor renews at Columbia’s JC tower
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95 Columbus in Jersey City Columbia Property Trust has renewed its lease with Pershing LLC, a subsidiary of The Bank of New York Mellon, for 400,000 s/f
Debt & Equity
Developers lock down $460M financing for Pacific Park tower
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Greenland Forest City Partners and The Brodsky Organization today announced they have closed on $460 million of construction financing for 18 Sixth Avenue
Featured
Down the hole: Even down payments on NY homes are astronomical, study says
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It would take a person earning a median income 116 years to pay for a 20 percent down payment on a home in Brooklyn Heights, making the neighborhood almost
Deals & Dealmakers
RAB strikes contract deal with building service workers
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The Realty Advisory Board on Labor Relations (RAB) has reached a tentative labor agreement with 32BJ, the union representing commercial building service
Featured
Catsimatidis giving Amazon a supermarket run for its money
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John Catsimatidis, owner of the Red Apple Group, which operates the Gristedes chain of supermarkets, has been quietly growing his empire.
Featured
How pop-up shopping transformed the retail sector in 2019
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Research released by Cushman & Wakefield has dubbed 2019 the “year of the pop-up,” as scores of digitally native brands broke into bricks-and-mortar
Deals & Dealmakers
State goes after Chang after 50 hotel workers are fired en masse
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Sam Chang and his McSam Hotel Group, which owns the Radisson Hotel New York Wall Street, is being investigated by the State Department of Labor following
Deals & Dealmakers
Vanbarton nears full occupancy at renovated Penn Plaza office tower
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Education technology company Chegg has signed a deal that will bring 31 Penn Plaza to nearly full occupancy. Vanbarton Group announced that the California-based
Construction & Design
Two Trees unveils Brooklyn waterfront plan
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Two Trees Management has unveiled plans for River Street, a mixed-use development anchored by a waterfront park in North Brooklyn. Designed by Bjarke Ingels
Deals & Dealmakers
Seniors get cold shoulder as real estate iconʼs charity shuts home
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Seniors living with a charity founded by real estate icon Leonard Stern are facing a Christmas nightmare after being told their home was closing.
Featured
Retailers do some soul searching during ICSC show
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With the buzzword “experiential” still very much the undeniable trend in retail, planners at two major shopping hubs are advising others that the best