Two major United Nations buildings in Manhattan will be renovated in a $500 million project, helping the organization consolidate its office footprint in the city.The United Nations Development Corp. is redeveloping 1 and 2 United Nations Plaza, two office buildings located across First Avenue from the organizations’ headquarters, according to a statement Monday. Construction is expected to start in the second quarter.UNDC, a public benefit corporation established in 1968 that operates the buildings, plans to issue as much as $380 million in bonds, with Goldman Sachs Group Inc. and Siebert Williams Shank working as underwriters.The renovation will help upgrade the midtown Manhattan buildings that were designed in the 1970s and 1980s. The two towers, owned by New York City, are currently being used as office space for the U.N. community, with a privately owned hotel on the top floors.With the renovations, the United Nations will consolidate its office spaces across the city into the two buildings. The group has also agreed to long-term leases of the space.The project covers about 900,000 square feet and will upgrade the towers’ lobbies, restrooms and common areas, as well as adding an indoor bicycle parking area.“Projects like this create good-paying jobs, drive economic growth, and reinforce our position as the global capital of commerce and diplomacy,” Gov. Kathy Hochul said in the statement.UNICEF, the United Nations agency for children, has its headquarters at another... Continue reading at 'Crains New York'
[ Crains New York | 2025-02-03 18:32:33 UTC ]
A historic Midtown building is up for auction after years of financial trouble.The Charles Scribner’s Sons Building, which opened in 1913, is set to be auctioned off Wednesday after it went into foreclosure late last year. The building is the former home of publisher Charles Scribner’s Sons’... Continue reading at Crains New York
[ Crains New York | 2025-04-29 18:48:19 UTC ]
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Evidence of bobcats, deer, and sprouting vegetation are signs the Eaton Fire burn area is recovering. Behind the remains of a town scorched by fire, the foothills are lush with new green and filled with birdsong.Wildlife is returning to the Eaton Fire burn area and scientists are closely... Continue reading at Fast Company
[ Fast Company | 2025-04-25 14:51:38 UTC ]
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Although no injuries have been reported, attacks on Tesla showrooms and privately owned cars have been on the rise since Trump took office. Cybertrucks set ablaze. Bullets and Molotov cocktails aimed at Tesla showrooms.Attacks on property carrying the logo of Elon Musk’s electric-car company... Continue reading at Fast Company
[ Fast Company | 2025-03-19 12:38:34 UTC ]
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The food and lifestyle publisher Food52 reduced its headcount by around 40% on Friday, a sweeping round of layoffs that are part of a broader restructuring afoot at the privately owned media outlet, according to chief executive Erika Badan. The cuts will shrink Food52's... Continue reading at AdWeek
[ AdWeek | 2025-03-14 13:30:00 UTC ]
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The Daily Mail introduced its first paywall for its U.S. edition on Tuesday, marking a shift in its digital strategy as the general interest publisher seeks to diversify its revenue streams beyond advertising. DailyMail+ is part of a broader plan from the privately owned... Continue reading at AdWeek
[ AdWeek | 2025-02-25 12:00:00 UTC ]
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President Donald Trump’s administration seized $80 million from New York City’s bank accounts late Tuesday after Elon Musk inaccurately claimed that the money was being used to shelter migrants in luxury hotels, according to city officials. Mayor Eric Adams’ administration is threatening to sue... Continue reading at Crains New York
[ Crains New York | 2025-02-12 20:08:46 UTC ]
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As he kicks off a year that could see him jailed or booted from City Hall, and quite possibly both, Mayor Eric Adams on Thursday laid out an agenda for 2025 that doubled as a platform for his uphill re-election campaign.In his fourth State of the City address, Adams laid out plans that respond... Continue reading at Crains New York
[ Crains New York | 2025-01-09 18:44:42 UTC ]
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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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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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