Prices of some commodities are already rising, while stockpiles of others could dwindle as the war drags on.
The flying car industry will get a big boost this summer when the Federal Aviation Administration’s new pilot program takes off.
A ceasefire between Dalan Real Estate and landlord Steve Croman does not appear to be in the offing anytime soon. Dalan filed four foreclosure lawsuits in Manhattan State Supreme Court last week, Crain’s reported, looking to force the sale of nine rental buildings in the borough. Dalan alleges Croman missed loan payments for the debt tied to the properties last month. The portfolio features 128 units, a select number of which are rent-stabilized. Axos Bank originated $43.4 million worth of mortgages across the portfolio between 2019 and 2021, which Dalan claims to have acquired in 2024. The most notable properties […]
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WeWork is back in expansion mode in New York City. The coworking company inked a 37,000-square-foot lease at Jeff Sutton and Aurora Capital Associates’ 511 Fifth Avenue, the company announced. The new location will span four floors — the ninth through 11th and part of the 15th — and is expected to open at the end of the year. The space will offer a mix of headquarters suites, private offices, full-floor offices and traditional coworking space. As part of the deal, WeWork will also partner with the landlord to operate a 9,000-square-foot coworking lounge on the 15th floor that will […]
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Northwell Health is snapping up a long-vacant shopping center in Rego Park for $235.5 million, a deal that could pave the way for a major healthcare conversion. The hospital giant purchased the 338,000-square-foot Rego Park I retail complex from Alexander’s, the real estate investment trust controlled by Vornado Realty Trust chief executive officer Steven Roth, according to the Commercial Observer. The deal breaks down to $697 per square foot. The sale is expected to close in the third quarter. The three-story property at 96-05 Queens Boulevard sits on six acres at the busy intersection of Queens Boulevard and Junction Boulevard, […]
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The aerospace company said the delay would not prevent it from meeting its 2026 sales goal of about 500 Max jets.
The two priciest contracts in Brooklyn went to homes that spent barely a month on the market. The deals were two of 23 for Brooklyn homes asking at least $2 million, according to Compass’ weekly contract report from March 2 to March 8. Contracts signed for 14 condos and nine single-family homes totaled $64 million in volume. The previous week saw 21 contracts signed for $68 million. Luxury homes in Brooklyn spent an average of just 57 days on the market, well below the year’s average so far of 112 days. The priciest deal signed last week was for a […]
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Social media companies are under pressure to crack down on so-called deepfake videos that use deceptive images of real people.
The Gulf conflict has led to higher fuel prices, and the cost of operating a plane has sharply increased. For travelers, that likely means higher fares.
Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.