News

Midtown-based landlord Vici Properties’ credit rating was raised to investment grade this week, a move that could give the Yonkers racetrack a leg up in its quest for a casino license.Vici’s rating was raised to the equivalent of BBB- from BB+ by Moody’s, which in a report Tuesday cited the little-known firm’s size and scale, […]

Mayor Eric Adams appointed Jessica Tisch as New York City’s next police commissioner on Wednesday, choosing a relative outsider who has led the Sanitation Department for the last two years.The appointment of Tisch, who was seen as a leading contender for the job, closes a leadership vacuum at the NYPD. The previous commissioner, Edward Caban, […]

The Related Cos. has unloaded more rental buildings at a steep loss, suggesting its plan to replace rent-regulated tenants with higher-paying market-rate renters has come up short.An investment arm of the megadeveloper, Related Fund Management, has sold four side-by-side sites containing 48 apartments in Prospect Heights for about $16 million, about half of the $30 […]

LeasesHealth care public relations agency relocates to full floor in MidtownAddress: 45 W. 45th St., Manhattan Landlord: AFIAATenant: 120/80 Group Lease size: About 9,000 square feetLease length: Four years and four months Brokers: Cushman & Wakefield’s Harley Dalton, Samantha Perlman and Pierce Hance represented the landlord. Lee & Associates NYC’s Woody King and Alan Friedman represented the tenant.SalesSavanna […]

Fiery Tesla Crash Highlights Need for Mechanical Door Handles Diana Ionescu Wed, 11/20/2024 - 11:00 Primary Image A recent crash that killed four people in a Tesla illustrates the importance of keeping mechanical handles on vehicles, writes Jesus Diaz in Fast Company. “As Tesla details on its website, the Model Y features electronic door latches […]

San Francisco Transit Faces ‘Devastating’ Cuts Diana Ionescu Wed, 11/20/2024 - 10:00 Primary Image Like other transit operators around the country, San Francisco’s Municipal Transportation Agency faces steep service cuts without additional funding, reports Dan Brekke for KQED. According to Brekke, “The service reductions that the SFMTA said could be needed to help reduce future […]

Report: 14 States Increased Per-Capita Carbon Emissions Diana Ionescu Wed, 11/20/2024 - 09:02 Primary Image While average fuel efficiency increased by 30 percent between 2005 and 2022 and per-capita carbon emissions in the United States dropped by 25 percent, fourteen states actually saw increased per-capita carbon emissions in the same time frame. As Streetsblog USA’s […]

Las Vegas Golf Course to Become Over 1,000 Units of Affordable Housing Diana Ionescu Wed, 11/20/2024 - 08:00 Primary Image Primary Image Caption Rendering of proposed housing development on former Desert Pines Golf Course in East Las Vegas, Nevada. A former golf club in Las Vegas will be redeveloped into the largest affordable housing project […]