Rumors can be made of flimsy stuff. But they take on added attention when so little verifiable, large-scale activity is taking place in the commercial office market these early summer days. One tale that has tantalized the commercial brokerage world for months is that Cushman & Wakefield and Newmark, the city’s Nos. 2 and 3 … Read more
The city’s real estate elite mostly cheered REBNY’s hipped-up, spiced-up annual gala, which made a splash above the Hudson River. The gathering dubbed “New York Forever: A Celebration of Our City” was REBNY’s first such gathering since 2019. The event honored TF Cornerstone’s Tom Elghanayan, Fetner Properties’ Hal Fetner, CBRE’s Darcy Stacom, Douglaston Development’s Jeff Levine and the … Read more
Mangia, the popular Italian fast-casual eatery and market, will jump from 50 W. 57th St., where it’s been since 1981, to Williams Equities’ 57 W 57th St. across the street. Mangia will have 9,500 square feet at the Sixth Avenue corner, including 3,000 sf on the ground where the asking rent was $200 per square … Read more
Ask 27-year-old Nick D’Amelio what he does for a living, and his answer might surprise you. “I grow weed,” said the Waldwick, NJ, resident. D’Amelio landed his first gig in the cannabis industry more than three years ago, when he was hired as a cultivation technician at the Greenleaf Compassion Center in Montclair, NJ. It … Read more
You can go back to October of last year to trace the slow-moving train wreck that has been Gigi Sohn’s nomination to the Federal Communication Commission. Lots of hearings, advocacy and lobby groups weighing in, and as this column goes to press, her nomination is about where it was when it started: In purgatory. In … Read more
Wall Street’s main indexes jumped sharply on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve’s rate-hike plans. The Dow Jones Industrial Average surged 823.32 points, or 2.7%, to 31,500.68. The S&P 500 gained 116.01 points, or 3.1%, to end at 3,911.74 … Read more
Costco was slapped with a shareholder lawsuit alleging the popular low-cost rotisserie chickens sold by the wholesale club are subjected to cruel deaths in violation of several state laws. The chickens are bred to grow quickly, eventually becoming too fat to stand on their own and “slowly die from hunger, thirst, injury and illness,” according … Read more
Outgoing Meta COO Sheryl Sandberg slammed the Supreme Court’s 6-3 decision Friday to overturn Roe v. Wade decision that legalized abortion at the federal level – calling it a “huge setback” for the United States. Sandberg, 52, decried the situation in a lengthy Instagram post shortly after the nation’s top court voted to uphold a … Read more
Gas prices could climb well above their current near-record levels to “apocalyptic” heights if hurricane season results in significant disruptions for US oil refiners, an industry expert warned Friday. The national average gas price was hovering at roughly $4.93 as of Friday or about nine cents lower than its all-time high reached on June 14. … Read more
Embattled e-cigarette maker Juul Labs is reportedly considering bankruptcy Friday as it petitioned a federal appeals court to temporarily halt the Food and Drug Administration’s ban on the sale of its products. Juul is working with legal advisers to assess whether it should file for bankruptcy if the courts do not grant its request for … Read more