Britain’s central bank reduced interest rates to 3.75 percent, a move that was welcomed by the government, which has been looking to lower the high cost of living.

Deputy Mayor Adolfo Carrión plans to get back into real estate.  Carrión, who has served as deputy mayor of housing, economic development and workforce since March, says he will revive his development and consulting firm, Metro Futures, after he leaves office. “It’s dormant right now. As of January 2, I’m going to say it will no longer be dormant,” he said in an interview on Wednesday.  “I will be involved in investing in New York City, building affordable housing with clients and friends of mine and trying to ensure that this continues to be the best city in the world,” […]

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There were 140 transactions totaling $202 million recorded in New York City in the 24 hours before 4 p.m. on Wednesday, Dec. 17. 🏆 Residential: The top home sale recorded in New York City was on the Upper East Side. Daniel and Joyce Straus parted with a co-op at 888 Park Avenue for $12.3 million. Daniel Straus is the founder of CareOne and president of The Straus Group. The buyer was Grant S. Johnson. The co-op spans about 3,800 square feet and has four bedrooms and four and a half bathrooms. The Strauses purchased the unit in 2009 for $5.4 […]

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The Swedish company is now valued at $6.6 billion, more than triple its $1.8 billion valuation set by investors in July.

The Federal Reserve will get an updated read on U.S. inflation on Thursday with the release of last month’s Consumer Price Index.

The development team that hopes to build the largest mixed-use development in the history of Downtown Atlanta now officially owns the site for its ambitions.
Webstar Technology Group, a penny stock company whose previous project filings and public claims have drawn scrutiny, announced Wednesday it had closed on a 10-acre vacant parcel that once housed the headquarters of Gourmet Foods International.
The land, on the corner of Ted Turner Drive Southwest and Whitehall Street Southwest, was purchased by Forge Atlanta Asset Management LLC, a joint venture between Webstar and Urbantec Development Partners, which previously controlled the site before losing it to foreclosure. 
With…

When you’re facing 28 foreclosure cases, what’s a couple more? Infamous Manhattan landlord Steve Croman has been hit with new foreclosure cases connected to 11 properties. Loan principals for those new cases total more than $55 million, bringing Croman’s total defaulted principal tally up to $306 million. The most recent case was recorded Dec. 12.  The wave of defaults is almost entirely the work of one lender, an entity of Bellwether Asset Management, which bought a portfolio of Croman’s loans in November. In some cases, the lender is pursuing personal judgments against Croman and his family, which could spell trouble […]

This article originally appeared on The Real Deal. Click here to read the full story.

Mr. Musk has ambitions to remake education, but his latest effort to open an elementary school in Texas appears to have faltered.

In Manhattan and across the country, restaurants are trotting out ever-pricier dishes and luxury upgrades to meet the demand from affluent diners.

Meg O’Neill of Australia’s Woodside Energy will lead the London energy giant, replacing Murray Auchincloss, who will exit after less than two years in the role.