Landlord Michael Shah has been fending off creditors for two years.
Crain's New York Business
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CRAIN'S COVERS NEW YORK CITY BUSINESS, POLITICS AND THE ECONOMY. We know what and who you need to know. Business in New York is constantly changing, and CrainsNewYork.com brings you continuous coverage throughout the day of local business news to keep you informed and ahead of the competition. Crain's reports on business opportunities, deals, breaking news stories, detailed statistics and market information on more than a dozen key New York industries.
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The deal comes as RFR struggles to hang on to the Chrysler Building and other sites.
Troubled developer RFR unloads Gowanus development site for more than $160 million
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The bill, which supporters say is now final after three major revisions, could pass the City Council next week.
Controversial hotel bill softened again after owners protested
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Crain's New York Business reposted this
Silverstein Properties' redevelopment of the World Trade Center site has largely been a success story. The one missing piece continues to be 2 World Trade Center, where the developer is still searching for an anchor tenant to start construction. Read more about the project's history and current prospects in my latest feature for Crain's New York Business. https://lnkd.in/esEXe3sm
The unfinished business of 2 World Trade Center
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Iyad Hamsho, who owns four eateries in Little Italy, paid about $13 million for the property.
Little Italy restaurateur acquires Mulberry Street building
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Crain's New York Business and Tech:NYC are hosting a Tech Summit on Tuesday, October 29. Connect with entrepreneurs, investors, policymakers, civic leaders and technologists for a day of insightful conversations and inspiration, exploring the future of the city's tech ecosystem as a key economic driver. Speakers include: • Tarika Barrett, Ph.D., CEO, Girls Who Code • A.J. Bhadelia, Head for North America, Government Affairs and Public Policy, Cohere • Stacie Grossman Bloom, PhD, Chief Research Officer, Vice Provost & Vice Chancellor for Global Research and Innovation, New York University • Nick Colvin, Chief Executive Officer, LinkNYC (sponsored speaker) • Max Fenkell, Head of Government Relations, Scale AI • Andrew Kimball, President & CEO, New York City Economic Development Corporation • Christina Montgomery, VP, Chief Privacy & Trust Officer, IBM • Greg Morrisett, Dean and Vice Provost, Cornell Tech • Laura Peterson, Senior Managing Director, Accenture • Albert Pulido, Deputy Secretary for Finance and Technology, The State of New York • Frank Reig, Co-Founder & CEO, Revel • Julie Samuels, President & CEO, Tech:NYC • Jeannette Wing, Executive Vice President for Research, Columbia University Register: https://lnkd.in/gkWKUXUq
Crain’s & Tech:NYC: Tech Summit
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The refinancing is a "big vote of confidence in New York," but the refinancing’s terms show that owners Tishman Speyer and Henry Crown & Co. had to pay a big price for a shorter-term loan.
Rockefeller Center nears $3.5 billion refinancing at a steep price
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After nearly two decades of reporting on New York City, Jarrett Murphy traded in his notebooks for scrubs and joined the frontlines as an ER nurse at Mount Sinai Hospital. The change has been “exhilarating and challenging,” he told reporter Ethan Geringer-Sameth. “I think for anyone, changing careers in their mid-40s is kind of terrifying but also great because you feel like a portion of your brain that has been dormant is now active.” Murphy says his work calls for many of the same skills he honed as a reporter: talking to strangers, getting their stories, and filling in the gaps by going through records. “I’m witnessing the same story of New York City, just from an entirely different vantage point.” Read the full story: https://lnkd.in/gxaxbPnZ
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Atria is closing home care operations in favor of its luxury assisted-living business.
Senior living firm to lay off entire NY home care workforce
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Shareholders appear unfazed and have bid up the firm's stock by 5% in the past week.
Empire State Building owner reports 'material weakness' in accounting
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