Manhattan’s Puck Building, located at the intersection of Nolita, the Bowery, Soho and Greenwich Village, was built between 1886 and 1893, an example of the German Rundbogenstiel (round-arch) style of architecture designed by Albert Wagner. The building is owned by Kushner Properties, the company of Charles Kushner and his son, Jared, son-in-law of former President
The finest and most successful hoteliers understand they can’t survive without impeccable customer service. In those environments, the bar is set at concierge-level professionalism, exclusive and personalized experiences and top-notch amenities. For office building owners looking to increase occupancy, the hospitality industry is full of inspiration. In an office building, stand-out hospitality is achieved with
During the first six months of 2022, New York City’s Investment Sales market experienced both volume and pricing growth. The market came off a strong year in 2021 and the economic drivers and demand were dominant. Dollar volume in New York City totaled $22 billion in 1H 2022, up 181% year-over-year. In fact, in the
In this article CTRN The cost of borrowing is getting more expensive for American households. With Wednesday’s 0.75-percentage-point interest rate hike, the Federal Reserve has raised benchmark short-term borrowing rates 225 basis points, or 2.25%, since March in an effort to curb unrelenting inflation. The federal funds rate, which is set by the U.S. central bank, is
West Virginia’s Treasurer Riley Moore on Thursday placed five companies on a state-mandated list of restricted financial institutions which he has deemed engage in a “boycott of energy companies.” The five financial firms which are now ineligible for state banking contacts are BlackRock Inc., Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Morgan Stanley
This year, anybody receiving an annual statement from America’s mighty social security system might notice a tiny ticking time bomb — if they possess sharp eyes. Tucked into a footnote is a website link that explains that the two funds in this system — called “Disability Insurance” and “Old Age and Survivors Insurance” — have
Few companies ever manage to pull off even a single significant transition in their business. But two in quick succession? Facebook co-founder Mark Zuckerberg talks about overhauling his company’s business as readily as most chief executives discuss their next new product feature. It is one of the legacies of being in social media, where new
Property owners in the path of Oklahoma Turnpike extensions contend their litigation should prevent a state oversight board’s approval of initial bonds for the $5 billion, 15-year plan. The Oklahoma Council of Bond Oversight had been scheduled to consider up to $450 million of new Oklahoma Turnpike Authority (OTA) revenue bonds and $50 million of
“There is no such thing as public money,” Margaret Thatcher once said, “only taxpayers’ money”. Her dictum is one that Liz Truss and Rishi Sunak should heed in their race to become Britain’s next prime minister. Both candidates for the Conservative leadership, despite repeatedly lionising the Iron Lady, are competing on spending pledges. The former
As Congress investigates potential factors that are contributing to today’s housing shortage, a new Realtor.com analysis shows investors scooped up a record share of for-sale homes in the spring home buying season. While investor purchases softened in January and February, investor purchases in April were up 31% over the same time in 2021 and 64%
There are no happy surprises for the municipal bond market in the surprise budget reconciliation bill unveiled by Sen. Chuck Schumer and Sen. Joe Manchin Wednesday night. As has been the case with the last several iterations, the legislation fails to include any muni market wishes, like tax-exempt advance refunding. And the bill continues to
Short-dated US government debt rallied on Thursday after data showing the American economy unexpectedly shrank in the second quarter prompted traders to trim expectations for Federal Reserve rate increases. Yields on two-year Treasury notes, which are sensitive to monetary policy expectations, dipped 0.1 percentage points to 2.86 per cent as the debt jumped in price.
Jim Magats, former PayPal executive who is being named CEO of the startup MX Photo: Tom Cook MX, the startup competing against Plaid to help connect financial institutions and fintech players, is naming PayPal executive Jim Magats its new CEO, CNBC has learned. Magats, a nearly two-decade PayPal veteran who was most recently senior vice
Florida Gov. Ron DeSantis announced administrative actions and legislative proposals that are aimed at “protecting residents from the environmental, social, and corporate governance movement.” Saying ESG threatens the vitality of the American economy and economic freedom by targeting disfavored individuals and industries to advance what it calls a woke ideological agenda, DeSantis is proposing legislation
Walt Disney couldn’t dream up a rollercoaster to rival the curves that California’s fiscal policymakers have had to navigate over the past two decades. In an historically short time frame, the state experienced the 2000 energy crisis that forced out then-Gov. Gray Davis; paid off $7 billion of deficit bonds issued by Gov. Arnold Schwarzenegger
The US economy shrank for a second consecutive quarter, meeting one of the common criteria for a technical recession and complicating the Federal Reserve’s push to stamp out soaring inflation with a string of aggressive rate rises. Data published by the commerce department on Thursday showed gross domestic product fell by 0.9 per cent on
The tap water in Ben Archard’s apartment in the Herne Hill neighbourhood of south London flows through toxic lead pipes, increasing the risk of brain damage to his children and prompting him to pay for bottled drinking water. Tests carried out by the local authority this year revealed that more than half of the 96
On the day the UK experienced its hottest day on record, people glued to their TV screens saw a row of burning houses. Rather than fretting like many of us did about the surreal sight of wildfires so close to central London, Mike Fox’s attention was on a power cable in the background of the
One day in 1956, the Irish civil servant TK Whitaker had a jolt when he saw the cover of Dublin Opinion magazine. An illustration showed an empty Ireland, beside the text “Shortly Available: Undeveloped Country, Unrivalled Opportunities, Magnificent Views, Political and Otherwise, Owners Going Abroad”. Ireland’s model of economic and emotional autarky had failed. Nearly
Massive, multimillion dollar mansions may seem de rigueur in Toronto’s tony Bridle Path neighborhood, but there are firsts among equals. A prime example of the top-tier estates for sale in the North York enclave is this 18,276-square-foot mansion and detached coach house set on two manicured acres. Iron gates open to a circular motor court
Centrica, the owner of British Gas, has reinstated its dividend for the first time since 2020 after operating profits increased more than fivefold during the energy crisis, buoyed by higher revenues from its oil, gas and nuclear assets. The company, which is the biggest energy retailer in the UK, said on Thursday that it would