A new survey of Americans working from home has found one in four remote employees who must now return to an office no longer live near their place of employment and must either move or seek a new job. The survey of 2,370 employees at companies enforcing return to...
A Manhattan office building has been listed for $28 million, but there’s a catch – the property owner will only sell it to a buyer who pays in cryptocurrency. Bisnow.com reports Okada & Co. acquired 111 West 24th Street in 2021 for $16 million. The following year,...
The head of a New York City commercial real estate investment firm pleaded guilty for coordinating a fraud scheme that siphoned $62.8 million from more than 800 investors. Elchonon “Elie” Schwartz, in his role as the CEO of Nightingale Properties, solicited...
One month after its second bankruptcy filing within a year, the craft retailer Jo-Ann is preparing to close approximately 530 stores across more than 40 states. Nexstar reports the company planned to keep all its roughly 800 stores open throughout the bankruptcy...
The Department of Homeland Security (DHS) has confirmed it has successfully clawed back the $59 million from an unauthorized transfer to New York City hotels that are housing illegal immigrants. The Federal Emergency Management Agency (FEMA) suspended the payments...
Commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion this year, according to an updated forecast from the Mortgage Bankers Association (MBA). This represents a 16% increase from 2024’s estimated total of $503 billion....
