National Weekend Edition
Lego letting go of Connecticut office
Everything is awesome for Lego employees who want to live closer to Boston. For everyone else, the next few years may be as painful as stepping on one of the toys. Lego announced it...
Commercial Real Estate
Tri-State
Another Hudson Valley village halts short-term rentals
One town at a time, short-term rental operators are becoming personae non gratae in the Hudson Valley. Coxsackie, a...
Sternlicht’s LNR aims to foreclose on Veracity’s Soho condo
Veracity Development’s retail condo at 111 Mercer Street in Soho is facing foreclosure by an arm of Barry Sternlicht’s...
About case: Joe Sitt drops suit against Lightstone execs
In a fight against another New York-based real estate powerhouse, Thor Equities has put down its hammer. Weeks after...
“If they want to try to suck our blood, make my day:” John Cats takes on venerable store
John Catsimatidis is ready to go to war with a New York City lumber store. Midtown Lumber claimed the Red Apple Group CEO conspired...
National
Starwood wheels and deals to fix $800M loan default
In November, Barry Sternlicht touted Starwood Property Trust’s stash of dry powder and the strength of its hotel business....
Urban Standard wants to rescue property owners from high interest rates
As interest rates rise and banks pull back on lending, real estate owners with loans coming due find themselves...
National
Latch reveals more financial statements to be unreliable
Latch’s accounting inaccuracies appear to be worse than previously revealed. The struggling smart-lock startup said this week that “internal...
National
Real estate problems drag down Blackstone’s profits
The value of Blackstone’s real estate portfolio dropped in the fourth quarter, hurting profits as rising rates dragged down...
MetLife pays $68M cash for Williamsburg apartments
One way to navigate this tough borrowing environment is to buy without a loan. MetLife paid nearly $70 million...