A group led by Tishman Speyer Properties LP is giving up control of the Stuyvesant Town and Peter Cooper Village apartment complex in Manhattan to creditors, marking the collapse of one of the largest transactions during the U.S. real estate boom.
The joint venture led by Tishman Speyer and BlackRock Inc that owns New York City's vast Stuyvesant Town/Peter Cooper Village apartment complex on Friday said it missed making its full loan payment, moving the deal one step closer toward possible foreclosure.
The joint venture led by Tishman Speyer and BlackRock that owns New York's vast Stuyvesant Town/Peter Cooper Village apartment complex on Friday said it missed a loan payment, putting it in a much-anticipated default.
New York City business activity expanded in December for the fifth consecutive month, though at a slower rate than November, while a gauge of business optimism was at its highest in more than three years, according to an industry report on Thursday.
A project director who helped broker the 2005 sale of Riverside South Properties, one of New York City's largest real estate transactions, has pleaded guilty to a tax evasion charge but is not expected to face prison time.
AT&T has resumed placing orders from iPhone orders on its website, the company said on Monday according to media reports
AT&T has resumed placing orders from iPhone orders on its website, the company said on Monday according to media reports.
AT&T Inc temporarily stopped selling the iPhone on its website to New York City residents over the weekend, raising fresh concerns about the wireless network's capacity in the Big Apple.
Buying the popular Apple Inc iPhone has become more difficult for residents of the Big Apple.
New York City urged New York state on Wednesday to ban natural gas drilling in its watershed, adding unprecedented support to critics who consider the chemicals used to mine for shale gas as poisonous to drinking water.
New York City residents could see their water bills spike by $367 a year if the federal government forces the city to build a $12.3 billion filtration plant, a report said on Thursday.
Just one year after opening, the New York City annex to Cleveland's Rock & Roll Hall of Fame will close its doors on January 3, according to one of the corporate partners in the venture.
Victoria's Secret Fashion Show came back to New York City's Lexington Armory on Thursday night unveiling a new collection of lingerie and elaborate accessories.
Tenants in a vast New York City apartment complex and owner Tishman Speyer on Friday said they had opened talks to settle a rent clash, one day before a planned rally against the landlord.
It's still not cheap, but Livin' La Vida Madoff may now cost a bit less. Asking prices for homes once occupied by now imprisoned Ponzi schemer Bernard Madoff in Manhattan's Upper East Side and in Palm Beach, Florida, have been cut, after about two months on the market.
Search engines are celebrating the holidays by offering users free internet and New York City is getting a special treat.
After a weaker than anticipated crowd showed up for the free swine flu vaccines in New York City over the weekend, the Health Department said it will continue to offer the free vaccines throughout the week.
Verizon jump started its launch of the Motorola Droid and HTC Droid Eris by opening its doors at midnight at its primary retail store in New York City.
Verizon made a last minute announcement today that its moved up the launch of the Motorola Droid for just one of its stores in New York City.
Supporters say New York Mayor Michael Bloomberg, who appears set to win a third term this week, gets credit for saving the city from the worst of the financial recession but his critics say he did not do enough.
Business activity in New York City expanded for the third straight month in October, its strongest recovery stretch in almost two years, according to an industry report released on Friday.
Thousands of New York City apartment renters on Thursday won a major court victory that could help them keep lower rents, but may drive landlords into foreclosure and crater city tax revenues.
