Dr. Vinay Prasad drew criticism for decisions that overrode agency scientists and rejected potential drugs.
David Bistricer is taking the 99-unit strategy to the extreme. Bistricer’s Clipper Equity filed plans for seven residential buildings at a long-stalled development site at 1800 Park Avenue in Upper Manhattan, according to filings with the city’s Department of Buildings. Each building would contain 99 units, just under the wage requirement threshold in the state’s new 485x tax abatement program. Together, the buildings would total 693 apartments and about 628,000 square feet. Bistricer confirmed the filings but declined to comment further. The plans appear to be the most extreme example yet of a developer structuring a project to avoid the […]
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The price of a gallon of gasoline hits its highest level in a year and a half on Friday. Surging oil prices suggest that the increases will continue.
Drone and missile attacks have caused high anxiety across the region, but experts say the danger to commercial airliners is “fairly remote.”
Jeff Sutton’s Wharton Properties scored a $176 million refinancing for a marquee Midtown retail property in Times Square. Acore Capital provided a three-year, floating-rate loan for 1551 Broadway, the site of American Eagle’s 26,000-square-foot flagship store, The Real Deal has learned. The refi comes two years after Sutton secured an extension on a $180 million CMBS loan backed by the property. That loan was paid off in February, according to Morningstar. A Newmark team of Anthony Orso, Clifford Welden and Henry Stimler brokered the deal. The loan replaces the CMBS loan originated in 2011 by Citigroup. The loan matured in […]
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Following acquisition interest from major real estate players, Houston-based Whitestone REIT has hired Bank of America to oversee the proceedings.
The shopping center REIT has seen acquisition interest from Blackstone and TPG, according to sources that spoke to Reuters. For years, Whitestone has faced pressure to go private from stakeholders citing concerns about the REIT’s leadership and finances.
Nothing has been finalized, and there’s no guarantee a sale will even take place, according to Reuters.
One of Whitestone’s majority owners, Emmett Investment Management, nominated four candidates to replace the majority of the REIT’s board of directors. The company has hinted at a potential proxy fight for…
Employers shed 92,000 jobs in February and the unemployment rate rose to 4.4 percent.
The president’s economic advisers insist that any signs of strains are temporary, as they look to sell the president’s agenda entering the midterms.
The weaker-than-expected numbers quickly became a source of tension between the two parties ahead of the midterm elections.