Real estate investors competing to buy Manhattan apartment buildings have sent prices to record highs as rental demand surges, reducing yields on the properties to the lowest in more than six years. The capitalization rate, a measure of investment retu... »
A federal prosecutor announced Tuesday afternoon that Lend Lease Construction has agreed to a pay up to $56 million in penalties for a decade-long overbilling scheme on a number of projects across the city. As a result of its admission of guilt, the co... »
Wal-Mart Stores Inc. may still forge ahead with plans for a New York City store, despite heavy fallout in the wake of bribery allegations at the retail giant's Mexican division. The Bentonville, Ark.-based company is already facing a plummet in the val... »
Known for its signature plump and brightly colored cupcakes, Crumbs Bake Shop is growing its sweet spot to include candy.Three of its stores in Manhattan are testing customers' appetites for jelly beans, Gummy Worms and chocolate, among other treats, a... »
No, you're not crazy. It's the same girl in all those ads.You probably first saw her last year picking at her parents' social lives in that biting Toyota Venza spot. Or maybe it was the eBay ad, in which she narrowly evades becoming the polite inherito... »
Private property owners across the city can make extra cash by renting out their unused or unsold spaces for events via Eventup, a new West Coast-based start-up that is officially launching in New York City Tuesday.The two-month-old Web site Eventup.co... »
Bloomberg News - (Bloomberg) - New York's Signature Theatre Thursday said the Irene Diamond Fund donated $10 million to the company, which recently opened a three-theater complex near Times Square. The Signature Theatre had been speaking to the Diamond... »
(Bloomberg) - New York's Signature Theatre on Thursday said it has received a $10 million donation from Irene Diamond Fund, The Signature Theatre had been speaking to the Diamond Fund for two years, artistic director James Houghton said. He added that ... »
Three years after it began scanning the horizon for a new home, JetBlue Airways has finally landed in Long Island City, Queens.The airline opened its new 200,000-square-foot headquarters office at the Brewster Building Wednesday morning and was joined ... »
and Lisa Fickenscher - Diners at the Capital Grille on East 42nd Street near Grand Central Terminal will be greeted with noise makers and angry protestors Thursday night when they show up for their dinner reservations. A group of the restaurant's emplo... »
(Bloomberg) - Coca-Cola Co. is adding advertisements in Chinese to its rotating courtside signs at Madison Square Garden, seeking to capitalize on what National Basketball Association Commissioner David Stern called an unprecedented international frenz... »
Grand Central Terminal will become even grander next year when it celebrates its 100th year of operation with several major initiatives, including a new restaurant in Vanderbilt Hall, a renovated 42nd Street entrance and a historic exhibit of rare trai... »
Associated Press - The Federal Reserve said Monday that it plans to fine eight additional U.S. bank holding companies for improperly foreclosing on homeowners.The financial firms—EverBank, Goldman Sachs Group Inc., HSBC Holdings PLC, PNC Financial Serv... »
(Bloomberg) - A report on conditions of Chinese workers who put together Apple Inc. products has been retracted by the radio program This American Life. “We're retracting that story because we can't vouch for its truth, and this weekend's episode of ou... »
and Lisa Fickenscher - Peanut farmers are in town this week to spread the word that their crop is enormously nutritious and boosts energy levels—and that consumers shouldn't be scared off by the product's higher prices these days. Supermarket prices fo... »
