“Paying the severance would have cost more”: New law pushes hotels to reopen
Depending on whom you ask, a new law requiring hotels to reopen by Nov. 1 or pay severance to...
Commercial Real Estate
Los Angeles
Ron Burkle’s $155M play on Wall Street: American Stock Exchange HQ
Los Angeles-based billionaire Ron Burkle is buying into the fundamentals of New York’s Financial District — and it’s more...
Tri-State
George Comfort & Sons escapes foreclosure on Westchester office campus
It was a close call. George Comfort & Sons’ last-ditch refinancing effort has kept its Westchester office campus from...
Trinity Place Holdings beats deadline with $168M refi at FiDi condo
Trinity Place Holdings has met its deadline to repay lenders at 77 Greenwich Street, securing financing so it can...
“Taxi king” Gene Freidman dead at 50
The “taxi king” is no more. Evgeny “Gene” Freidman, an immigrant cabdriver’s son who amassed the largest collection of...
Ackman wants $630M for Hell’s Kitchen office building
Investor Bill Ackman is reportedly seeking hundreds of millions for the Hell’s Kitchen office building his Pershing Square Capital...
National
Landlords beware: Office tenants procrastinating on hybrid planning
A majority of office-using businesses are yet to decide what their hybrid future should look like. Hybrid work is...
This week on ‘Deconstruct’: The death of the cubicle
Are you a Marvel fan? Not the comics, of course, but the architect. You may be after this week’s...
$450M refi reveals what tenants pay at Silverstein’s 1177 Sixth Avenue
The following is a preview of one of the hundreds of data sets that will be available on TRD...
National Weekend Edition
An 80,000-acre ranch in the Texas Panhandle lists for $200M
An 80,000-acre ranch in the Texas Panhandle is hitting the market for the first time in 120 years with...