The Trump administration singled out European tech firms by name and promised economic consequences Tuesday unless the E.U. rolls back tech regulation and lawsuits.
Top Manhattan office landlord SL Green is turning into a seller as interest rates remain burdensome and a dividend cut looms. Marc Holliday’s firm is looking to unload nine properties in the borough, Crain’s reported. The revelation came in a recent investor presentation, where Chief Financial Officer Matthew DiLiberto said the company was “selling assets [and] losing [income] to fight against interest rates that are too high.” That doesn’t necessarily mean SL Green is done buying. Though it is seeking to unload roughly $2.5 billion of property, the company also plans to make $1 billion worth of acquisitions, according to […]
This article originally appeared on The Real Deal. Click here to read the full story.
Kering made good on its goal to sell a massive stake in the Fifth Avenue property it bought roughly two years ago. Private equity firm Ardian bought a 60 percent stake in 715-717 Fifth Avenue from Gucci’s parent company, the two firms announced on Tuesday morning. The deal values the 115,000-square-foot property at $900 million and will see Kering score $690 million in proceeds. Kering is hanging on to a 40 percent stake in the Plaza District property, which it bought early last year from Jeff Sutton and SL Green for $963 million. The acquisition was part of a strategy […]
This article originally appeared on The Real Deal. Click here to read the full story.
The head of next year’s FIFA World Cup host committee just dropped $20.7 million on an Upper West Side penthouse. Alex Lasry, the son of former Milwaukee Bucks co-owner Marc Lasry, shelled out roughly $2,500 per square foot for an apartment at 535 West End Avenue, according to public records. The 8,400-square-foot condo was sold by a trust tied to Tamar Wolchok and Simona Ganz, the daughters of the late Slim-Fast mogul S. Daniel Abraham. Abraham died earlier this year at the age of 100. It’s unclear when Wolchok and Ganz purchased the property, as the only other deed recorded […]
This article originally appeared on The Real Deal. Click here to read the full story.
The Trump administration looked to recast elements of a dour jobs report Thursday as a sign of strength.
In a lawsuit, the state’s attorney general, Letitia James, said UPS had “repeatedly and persistently” failed to pay seasonal workers for all of the time they spent on the job.
Projects from two townhouse developers in Brooklyn scored the top contracts signed last week in the borough. The first belonged to a new development townhouse at 94 Douglas Street in Boerum Hill asking nearly $7 million, according to Compass’ report on contracts signed in Brooklyn for homes asking at least $2 million from Dec. 8 to Dec. 14. Omri Bar-Mashiah’s Minerva Development bought the site for $1.95 million in 2021, according to public records. The 4,500-square-foot home features five bedrooms, four bathrooms, three powder rooms, a private roof deck, garden and terrace, as well as a finished cellar. Floor-to-ceiling glass […]
This article originally appeared on The Real Deal. Click here to read the full story.
A proposal to revise an E.U. law requiring carmakers to stop producing combustion engines by 2035 would offer some relief to automakers, but it sets back the region’s climate goals.
The streaming service now has about 30 video podcasts lined up for 2026, including the influential radio show “The Breakfast Club.”