European hospitality player Belvilla is entering the U.S. hospitality market by acquiring the rights to 10 properties through Sonder’s liquidation.
His store, Bobby From Boston, transformed the way vintage men’s wear is sold, serving as a model for a generation of retailers.
Walmart is best known for its sales, but it recently made a noteworthy buy on Long Island: itself. The big-box retailer purchased its location at 965 Broadhollow Road in Farmingdale’s Republic Plaza for $48 million, Commercial Property Executive reported. The acquisition of the 220,000-square-foot building breaks down to $320 per square foot. The seller was N.Y. MetLife Real Estate Investment, which has owned the property since 2014. The property came online nearly a decade earlier, opening as the largest Walmart on Long Island at the time. When it debuted, the store was a mere 150,000 square feet. In 2020, however, […]
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The Pentagon’s contract dispute with Anthropic is part of a wider clash about the use of artificial intelligence for national security and who decides on any safeguards.
Barry Singer is considered one of the “worst landlords” in New York City by Public Advocate Jumaane Williams. His lenders may not be a fan these days, either. A $39 million mortgage backing a housing portfolio in the Bronx was transferred to special servicing this month after Singer fell behind on payments, Crain’s reported. Singer is also delinquent on property taxes, according to a report from Morningstar Credit Analytics. Additionally, insurance for the portfolio was force-placed because the loan servicer purchased coverage after Singer failed to do so. The portfolio in question includes 160 West Kingsbridge Road, 3004, 3011, 3021 […]
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There were 252 transactions totaling $493 million filed in New York City records in the 24 hours before 4 p.m. on Thursday, Feb. 26, 2026. 🏆 Residential: The top home sale to hit records was in the Upper East Side. Christian Candy, a British developer, parted with a 15,000-square-foot, renovated townhouse at 8 East 62nd Street for $55 million or about $3,700 per square foot. The buyer, represented by Accent Holdings’ Michael Balanevsky, was anonymous. Adam Modlin of the Modlin Group had the listing. Candy and his wife, Emily Crompton-Candy, purchased the home in 2022 for $48 million. 🏆 Commercial: […]
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The move would split off the money-losing social media platform as the company pursues a merger with a fusion power company.
The Gowanus rezoning is the gift that keeps on giving in the Brooklyn neighborhood. Hudson Companies filed plans for a 302-unit, 274,000-square-foot residential building at 20 Fifth Street in the Brooklyn neighborhood, PincusCo reported. Chief operating officer Sally Gilliland filed the plans through a limited liability company. The property is slated to include a resident lounge, a party room, a courtyard, a rooftop terrace and coworking space. Marvel Architects is set to design. The most critical feature of the development, however, may be that every unit in the project will be set aside for affordable housing. It’s unclear what level […]
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Amazon, Nvidia and SoftBank led the investment, valuing the parent of ChatGPT at $730 billion.
The media company controlled by the Ellisons out-dueled Netflix for control of Warner Bros. Discovery. The next step is making the combined media empires work.