The delivery company said it was planning the cuts this year because it expected to deliver fewer packages for Amazon, a large but unprofitable customer.

The delivery company said it was planning the cuts this year because it expected to deliver fewer packages for Amazon, a large but unprofitable customer.

John Beyer, a preservationist, architect and last surviving co-founder of the firm Beyer Blinder Belle, died last Tuesday at his Manhattan home, the New York Times reported. He was 92. A representative from his eponymous firm confirmed his death. No cause of death was given. Beyer, Richard Blinder and John Belle founded the company in 1968 after breaking off from shopping mall pioneer Victor Gruen. The firm staked out a reputation for preserving New York City’s history and adapting old properties into more contemporary uses. Born on Feb. 13, 1933 in Hackensack, New Jersey, Beyer grew up in Teaneck. His […]

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Ian Schrager is approaching 80 years old, but he’s still pursuing his dream of running a big company. Now, he’s partnering with a major management firm to scale up Public Hotels. Schrager joined forces with Highgate to operate his Public brand, the Wall Street Journal reported. The partners aim to acquire hotels or small hotel companies, develop properties and convert Highgate assets to the Public banner. Highgate, which owns or manages more than 400 properties across the world, won’t be taking an ownership stake in Public. It will be involved in acquisitions and management contracts, though. The hotelier is also […]

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The tech giant has spent more than $6 million on TV ads in state capitals and Washington, with the message that data centers create jobs.

A year after closing on an acquisition of 1375 Broadway, affiliates of the American Exchange Group closed on a refinancing package of the building. Bain Capital provided 60 Guilders and Sentry Realty with a $213 million loan backed by the Midtown Manhattan office property, the Commercial Observer reported. (Both 60 Guilders and Sentry are affiliates of American Exchange.) The deal comes barely 12 months after American Exchange closed on its acquisition of the property from Savanna, secured by acquiring a $200 million debt behind the property in August 2024 from Aareal Capital. A Newmark team including Nick Scribani, Ricky Braha […]

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Douglas Elliman’s head of residential leasing Hal Gavzie is no longer with the firm, The Real Deal has learned.   Gavzie joined the firm almost 10 years ago to take over its rental division. He added new development leasing to his purview just eight months later as the result of a restructuring. Over the next decade, Gavzie oversaw the expansion of Douglas Elliman’s leasing operations, including new development leasing in New York and South Florida.  Gavzie’s latest title was executive vice president of residential sales and leasing.  Prior to joining Elliman, Gavzie held managing director roles at Town Residential, Corcoran and […]

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Driven by the artificial intelligence frenzy, Microsoft is internally projecting that water use at its data centers will more than double by 2030 from 2020, including in places that face shortages.

Jennifer Homendy, the outspoken chairwoman of the National Transportation Safety Board, is reclaiming the spotlight at a meeting on Tuesday about the Washington, D.C., crash that killed 67.

“The Outsiders” is the first new musical to open since 2022 to become profitable.