The developers of the planned $11.2 billion mixed-use Freedom Plaza in Manhattan announced a commitment to make 1,080 residential units on site permanently affordable. The five-acre site, which is being developed by Soloviev Group and Mohegan, will stretch from 38th...
A fight over the Fed, an upcoming exodus of Canadians returning going home, and a growing wave of property tax reform efforts. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 25-29. Miss: How Not to Lower Interest Rates....
Shoppers in the Big Apple will soon be able to spend less for their apples – the Aldi discount supermarket chain is planning to open its first store in Manhattan. Supermarket News reports the 25,000-square-foot store will be on 42nd Street near Times Square in The...
Vornado Realty Trust (NYSE: VNO) has announced its $218 million acquisition of the 623 Fifth Avenue office condominium in Midtown Manhattan. The 36-story, 382,500-rentable-square-foot building is based directly above the flagship Saks Fifth Avenue department store and...
A joint venture seeking to bring casino gambling into the heart of New York City has partnered with an unlikely figure – civil rights activist and TV personality Rev. Al Sharpton – on a new effort to encourage low-income households to invest in this endeavor. Caesars...