Luxury department store Printemps moves up US debut at One Wall Street, developer says
French luxury department store Printemps plans to open its first U.S. store in March, according to One Wall Street developer Harry McCraw. The long-awaited launch (previously reported to take place in the spring) may be the retail-starved FiDi space's most significant debut yet. French luxury department store Printemps plans to open its first U.S. store […]
Brooklyn Navy Yard developer strikes $150M refinancing deal for Admirals Row
Steiner New York City, the company that founded the Hollywood-inspired Steiner Studios for film and television production, has refinanced another key component of the Brooklyn Navy Yard. The $148.5 million bridging loan from Deutsche Bank is for Admiral's Row, an eight-acre, 696,000-square-foot complex that is home to Wegmans and 350,000 square feet that is master […]
Developer gives first look at planned skyscraper near Grand Central Terminal — but lacks key piece to make it a reality
It's time to build or bolt for Madison Avenue's BXP. Developers are itching to build a skyscraper at 343 Madison between East 44th and 45th Streets, a block-long vacant lot currently owned by the MTA. But the impressive 46-story, 950,000-square-foot tower, designed by Kohn Pedersen Fox and unveiled here for the first time, needs an […]
Shiba Inu Developer Wants Donald Trump to Hire a Blockchain Advisor – BeInCrypto
Shaitoshi Kusama (pseudonym), head developer of Shiba Inu, called on President-elect Donald Trump to appoint a blockchain advisor within his administration. The proposal comes as the newly formed Department of Government Efficiency (DOGE) is reportedly considering implementing a blockchain-based election system. Kusama explains why President Trump should hire a blockchain advisor On November 15, Kusama […]
Millionaire developer hired hitmen in several murder-for-hire plots against wife, killed himself as cops closed in: FBI
A prominent South Florida developer hired numerous hitmen to kill his wife of 32 years, according to the FBI. The millionaire reportedly committed suicide at the exact moment law enforcement officers approached him. The FBI says it has recorded phone calls between several suspects accused of traumatizing Sergio Pino's estranged wife, Tatiana Pino. Investigators believe […]
Biden-Subsidized Offshore Wind Developer Reports Massive Losses In Latest Blow To Industry
The Danish renewable energy group posted a huge impairment loss on Thursday in its first-half 2024 results after postponing the launch of one of its US offshore wind projects. Orsted estimates that asset values will decline by $472 million in the first half of 2024, driven primarily by delays to the onshore substation for its […]
Billionaire Bill Ackman mulls deal to take Seaport developer Howard Hughes’ firm private
Billionaire hedge fund manager Bill Ackman is bouncing back from a failed IPO for Howard Hughes real estate company Pershing Square USA and is eyeing a deal to take the company private. This is shown in regulatory filings. The document, which is published on the Securities and Exchange Commission’s website, is called a Schedule 13D […]
NYC developer sues city for $50M over stalled East Side riverfront project
The Adams administration’s botched plan to build a seawall along the shoreline of the East River cost the city a valuable and much-needed life sciences facility and cost a potential developer at least $50 million, a stunning lawsuit alleges. New York Stock Exchange-listed real estate developer Alexandria Real Estate Equities (ARE) alleges in a lawsuit […]
NYC developer Michael Shvo sued over shoddy upkeep at luxury building
Prominent New York real estate developer Michael Shubo is being sued by a disgruntled couple who dropped $6.1 million on the Mandarin Oriental Fifth Avenue, who claim the luxury building is riddled with problems, including an “algae-filled” rooftop pool. In a complaint filed Monday in New York State Supreme Court in Manhattan, John Goodman and […]
OpenAI CEO Sam Altman Sues Developer over Problems with His $27 Million San Francisco Mansion
OpenAI CEO Sam Altman has filed a lawsuit against real estate developer Troon Pacific, alleging that the $27 million San Francisco mansion he recently purchased is riddled with defects and construction issues. The Verge Reports Sam Altman, the prominent CEO of artificial intelligence company OpenAI, has filed a lawsuit against San Francisco luxury housing developer […]