The New York City Council has voted to create a new licensing program for hotels. Hotel Management Network reports the newly passed Safe Hotels Act will require hotel operators to obtain a two-year operating license for a $350 fee. Hotels must also maintain front desk...
New York City’s Empire State Building has opened the Empire Lounge, encompassing 10,000 square feet of new tenant amenities. Located on the building’s Club Level, the Empire Lounge 17.5-foot vaulted ceilings, a variety of seating areas in tables, banquettes, and...
Tishman Speyer has secured a $3.5 billion commercial mortgage-backed securities (CMBS) loan to refinance Rockefeller Center. The loan is said to be the largest issuance ever for a single office asset – in this case, the 13-building, 7.3 million-square-foot campus in...
An executive with Cushman & Wakefield (NYSE: CWK) has been targeted in the ongoing corruption probe into New York City Mayor Eric Adams. The New York Times reported Diana Boutross, a vice chairwoman at Cushman & Wakefield, had her electronic devices seized by...
Trying to find parking in New York City can be a challenge, but one condominium is offering its residents a chance to buy their own subterranean parking space – for $500,000. The New York Post reported the residents of 150 Charles St. in Manhattan are being given the...
10-Year Treasury Yield Falls to 4.94% as October Bond Rally Offers Mortgage…
