JPMorgan has had to pay tens of millions in legal costs for the convicted fraudster. It wants the public to see a newly unredacted list of itemized expenses.

An Upper East Side co-op, trading hands for the first time in decades, led Manhattan’s luxury market this week.  The duplex apartment at 980 Fifth Avenue, asking $16.2 million, was the priciest of 21 homes in the borough asking $4 million or more to find buyers between Dec. 15 and Dec. 21, according to Olshan Realty’s report.  The total was down from the 33 deals inked in the previous period, though it was still a strong showing for mid-December, when activity typically slows as the holidays approach.  Unit 24/25A hit the market in September. It’s unclear when the apartment last […]

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From January to June, more than 20,000 employees out of more than 110,000 left the agency, according a report by the agency’s inspector general.

South Korean pharmaceutical giant Samsung Biologics is making a major acquisition in the D.C. suburbs to establish its first U.S. manufacturing facility. 

New York City will head into next year with a new titleholder for the largest office-to-residential financing. InterVest Capital Partners and Nathan Berman’s Metro Loft Management scored $779 million in financing for their conversion of 111 Wall Street in the Financial DIstrict, Bloomberg reported. Apollo Global Management, JPMorgan Chase and Adi Chugh’s Tyko Capital provided the financing. Additionally, InterVest and Metro Loft extended a previous loan on the project, bringing the total financing for the development up to $867 million. The financing is divided between a $700 million senior loan and $167 million in mezzanine debt, according to the Commercial […]

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Where one coworking space has retreated, another is moving in.  Jack and Juda Srour’s Jay Suites is opening its first Brooklyn location at 41 Flatbush Avenue, where Fort Greene meets Downtown Brooklyn. It’s taking over 30,000 square feet on the second floor of the Pioneer Building, previously occupied by coworking competitor Regus.  It’s one vote of confidence in the borough’s coworking market and the idea that white-collar Brooklynites are willing to pay for office space near them.  Juda Srour said he expects workers from the area’s new residential towers to become customers. “The entire area is really changing with all […]

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America’s ability to make precision-guided missiles was threatened during Trump’s tariff war. But experienced players have rescued the supply chain, for now.

Bondholders for one of China’s biggest real estate developers extended a grace period to negotiate a delayed repayment of a $285 million bond.

Mr. Ellison’s personal guarantee is meant to address concerns that the Warner Bros. Discovery’s board had expressed about Paramount’s original offer.

Edward Minskoff and Joseph Moinian are jockeying for Meyer Chetrit to take the blame in a dispute with a lender.  When a lender accused a borrower linked to the three high-profile investors of self-dealing and depositing funds into accounts linked to Chetrit, it pushed for a receiver for the property. Now the receiver is saying the borrower never turned over key funds, and Moinian and Minskoff are doing everything they can to cast blame on Chetrit.  The courtroom drama is the latest obstacle for the Chetrit family, which is dealing with a $132 million judgment due to aggressive lender Maverick […]

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