Mayor Eric Adams’ administration is distancing itself from a planned acquisition of a large Bronx industrial center after it emerged that a city real estate official — who is close friends with Adams — had gone to unusual lengths to promote the deal.The administration had been in talks to purchase or lease the newly-built Bronx Industrial Center for as much as $670 million, City Councilman Lincoln Restler said at a hearing on Tuesday. Louis Molina, Commissioner of the Department of Citywide Administrative services, acknowledged that he had met to discuss the possible deal on Oct. 8 with his deputy, Jesse Hamilton, and brokers from Cushman & Wakefield, including the firm’s vice chair Diana Boutross. Days earlier, Hamilton’s and Boutross’s phones had been seized as part of a bribery probe by the Manhattan district attorney.But Molina appeared taken by surprise Tuesday when Restler showed a grainy video in which Hamilton, who supervises the city’s real estate holdings, encouraged city agencies to consider the “phenomenal,” “state-of-the-art industrial space.” Molina said he had never seen the video, which had previously been posted online but was not produced by DCAS’s communications office. Molina said that the acquisition of the Bronx Logistics Center was still “in the early stages of consideration.”Hours later Tuesday evening, the city disowned the whole concept. A DCAS spokesman said that the agency is “not moving forward with the lease or acquisition of the Bronx... Continue reading at 'Crains New York'
[ Crains New York | 2024-10-30 17:40:25 UTC ]
The IBM Building at 590 Madison Ave. has one of the finest amenities in the city: A 8,200 square-foot park-like atrium with a 65-foot high glass ceiling, with dozens of chairs and tables available to everyone. “A tree-filled conservatory and public living room rolled into one,” is how the space... Continue reading at Crains New York
[ Crains New York | 2024-11-27 18:07:17 UTC ]
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Mayor Eric Adams’ administration is distancing itself from a planned acquisition of a large Bronx industrial center after it emerged that a city real estate official — who is close friends with Adams — had gone to unusual lengths to promote the deal.The administration had been in talks to... Continue reading at Crains New York
[ Crains New York | 2024-10-30 17:40:25 UTC ]
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DJI has filed a lawsuit against the US Department of Defense over its addition to the Pentagon list that designates it as a "Chinese military company." In its filing, shared by The Verge, the company said it's challenging the designation because it's "neither owned nor controlled by the Chinese... Continue reading at Engadget
[ Engadget | 2024-10-19 12:00:36 UTC ]
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Private equity group to control classified business while Mathias Döpfner and Friede Springer will run digital operationAxel Springer has struck a €13.5bn (£11.3bn) deal that will see its media assets, which include Politico, Business Insider and newspapers Bild and Die Welt, hived off into a... Continue reading at The Guardian
[ The Guardian | 2024-09-19 14:19:21 UTC ]
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Founded in 2013, Letters Bookshop in Durham, N.C., is transforming from a privately owned business to a community-supported cooperative, selling shares for $116, in an aim to sustain the store in amid a challenging retail environment. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-06 04:00:00 UTC ]
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The following is from Working, Studs Terkel’s the classic oral history of Americans’ working lives. * Babe Secoli She’s a checker at a supermarket. She’s been at it for almost thirty years. “I started at twelve—a little, privately owned grocery store across the street from the house. They didn’t... Continue reading at Literrary Hub
[ Literrary Hub | 2024-05-15 08:56:16 UTC ]
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The owners of 60 Wall St. yesterday announced they refinanced the office tower’s $575 million mortgage at a substantially higher interest rate, paving the way for redevelopment of the empty building with a distinctive public lobby.“60 Wall will be redeveloped to today’s standards and will... Continue reading at Crains New York
[ Crains New York | 2024-05-02 17:53:38 UTC ]
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A politically involved Bronx-based physician network received $29 million from a state fund formerly reserved for distressed hospitals and nursing homes, a new report found.SOMOS Community Care, a nonprofit physician network based in Kingsbridge, received funds from the Vital Access Provider... Continue reading at Crains New York
[ Crains New York | 2024-03-20 09:33:04 UTC ]
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New legislation could thwart planned £600m purchase of media group by UAE-backed consortiumThe UK government plans to introduce legislation that would prevent foreign governments owning UK newspapers and news magazines in a significant move that could scupper the planned £600m sale of the... Continue reading at The Guardian
[ The Guardian | 2024-03-13 15:52:35 UTC ]
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Another new residential development is on its way to Gowanus, more than two years after the neighborhood's rezoning.Developer Michael Khoo is planning a project at 557 Third Ave., located between 14th and 15th streets in the Brooklyn neighborhood, that will span about 30,000 square feet with 41... Continue reading at Crains New York
[ Crains New York | 2024-03-05 18:08:04 UTC ]
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A developer is betting that people will pay top dollar for up-close views of one of the city’s most unloved sites: AT&T’s Long Lines Building in Tribeca, a windowless, 29-story hulk from the 1970s that routinely makes lists of New Yorkers’ least-favorite buildings.The plan, which was put... Continue reading at Crains New York
[ Crains New York | 2024-03-04 18:30:46 UTC ]
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An Australian startup that recently hired a new North American president plans to grow its U.S. headquarters in Denver. The startup is a digital platform that helps privately owned businesses determine their valuation. It also helps create a roadmap for a successful exit, which could include a... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2024-02-28 13:09:19 UTC ]
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A moon lander was launched from Florida early on Thursday on a mission to conduct the first U.S. lunar touchdown in more than a half century and the first by a privately owned spacecraft. Continue reading at CBC
[ CBC | 2024-02-15 12:10:00 UTC ]
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Police services across Canada in early October saw a demo of Fusus — a service that makes it easier for police to access privately owned security camera footage. It's becoming more common in America, but Canadian researchers have concerns it is overkill. Continue reading at CBC
[ CBC | 2023-10-27 08:00:00 UTC ]
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A Hendon family business houses the largest privately owned costume collection in the world. Continue reading at BBC News
[ BBC News | 2023-08-21 06:34:33 UTC ]
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On Jan. 1, the privately owned business publisher Bloomberg Media shut off its open-market programmatic advertising, a move to better control its user experience and drive advertisers to reach its audience by buying directly from the company itself. Six months later, the strategy produced its... Continue reading at AdWeek
[ AdWeek | 2023-07-18 11:31:59 UTC ]
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The outdoor gear company’s new headquarters adds visibility to its workspaces and its work. For an outdoor clothing and gear company, L.L. Bean’s offices were surprisingly cloistered. “About 90% of our employees did not have access to natural daylight. There were parts of the building that were... Continue reading at Fast Company
[ Fast Company | 2023-06-14 04:30:00 UTC ]
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The chain’s founder is celebrating its 20th anniversary – but for a while it, and the industry as a whole, was on the brinkTim Richards is celebrating a milestone he feared he might not see – the 20th anniversary of the creation of Vue, Europe’s largest privately owned cinema chain. That... Continue reading at The Guardian
[ The Guardian | 2023-05-16 13:00:08 UTC ]
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Last week, Twitter said it would start winding down the legacy verified program on April 1st, but over the weekend, that didn't happen, because (according to The Washington Post) unverifying users is a painstaking manual process. Meanwhile, another report indicated around 10,000 of the... Continue reading at Engadget
[ Engadget | 2023-04-04 11:15:47 UTC ]
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Publisher Texas Monthly, which marked its 50th anniversary last month, grew its overall revenue by 39% in 2022, an uptick the privately owned media company attributed to its expanded number of advertising channels and an ongoing effort to cultivate new sources of revenue. The publisher increased... Continue reading at AdWeek
[ AdWeek | 2023-03-13 10:21:33 UTC ]
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