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Orion Jones





    Mack Real Estate CEO Richard Mack and one of his new hotels at 51 Nassau Street. (Getty, ING)

    Mack Real Estate takes over 7 distressed Manhattan hotels

    Mack Real Estate has gained control of a seven-hotel portfolio for what appears to be a major discount. The...

    Mack Real Estate takes over 7 distressed Manhattan hotels
    Restaurants and bars accounted for a majority of the gains in February (iStock)
    National

    Leisure, hospitality big winners in February job gains

    Leisure and hospitality may finally be on the road to recovery. The industry added 355,000 jobs in February, as...

    Leisure, hospitality big winners in February job gains
    Ascena owns Ann Taylor, Lane Bryant, Lou & Grey and Cacique. (Getty)
    National

    Ascena restructuring approved post-bankruptcy

    A bankruptcy court has approved Ascena Retail Group’s Chapter 11 plans. Under the plans, Ascena — which owns Ann...

    Ascena restructuring approved post-bankruptcy
    Rendering of 6208 Eighth Avenue (Raymond Chan Architects)

    Massive Sunset Park project flounders and an EB-5 investor sues

    An EB-5 investor is suing the developers of a long-delayed mixed-use project in Brooklyn’s Sunset Park, claiming the massive...

    Massive Sunset Park project flounders and an EB-5 investor sues
    Marc Fisher Footwear founder Marc Fisher, Trump Tower and Eric Trump (Getty)

    Trump Org sues Marc Fisher for $1.5M in rent

    The Trump Organization is taking shoe designer Marc Fisher to court for allegedly skipping rent payments at Trump Tower....

    Trump Org sues Marc Fisher for $1.5M in rent
    The comedy club argues that if SNL can operate, then they should be allowed to operate too. (Getty)

    Manhattan comedy club sues Cuomo over pandemic closures

    This is no laughing matter. That’s the message the owners of the comedy club Stand Up NY are sending...

    Manhattan comedy club sues Cuomo over pandemic closures
    (Getty)
    National

    Hotel stocks went bonkers in February

    Hotel investors can rest a little easier at night. Robust gains in February put share prices of publicly traded hotel companies back up to pre-Covid levels, a year after the pandemic sent valuations into...

    Hotel stocks went bonkers in February
    Michael Stern and Walker Tower unit 15B (JDS, Google Maps)

    Michael Stern’s Walker Tower pad sells for 24% under ask

    Michael Stern sold his duplex at Walker Tower for less than he’d hoped. The 4,748-square-foot unit sold for $21...

    Michael Stern’s Walker Tower pad sells for 24% under ask

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