AG Letitia James says she will seek to seize Trump’s buildings if he doesn’t pay $363 million fine from fraud case
New York Attorney General Letitia James wants a judge to foreclose on the building if former President Donald Trump is unable or unwilling to pay $363 million in fines from a civil fraud case. said. Trump, his sons and the Trump Organization were ordered Friday to pay fines after a judge said they fraudulently overestimated […]
Yellen: It’s ‘obvious’ that empty office buildings will create banking stress and losses – CNN
Robert Schmidt/AFP/Getty Images Treasury Secretary Janet Yellen testifies at the Capitol in Washington, DC on February 6, 2024. Story highlights Yellen said that while large banks’ exposure to commercial real estate is “pretty low,” some smaller banks may be facing stress. Yellen also added that she believed the problem was manageable. Yellen emphasized how inflation […]
Big office deals returns — but only in NYC’s best new buildings
Despite a slow 2023, the office rental industry came back to life in the fourth quarter with the year's largest deal completion. Law firms led the charge by signing large leases after Labor Day. Davis Polk renewed RXR's lease at 450 Lexington Avenue, expanding it to 630,000 square feet. Paul Weiss is moving from 1285 […]