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...
Manhattan’s rental housing market set new records in May with rents averaging $4,571, up 1.6% month-over-month and up 7.6% year-over-year, according to data from the brokerage Douglas Elliman Inc. (NYSE: DOUG). May was the third time in the past four months when...