Gary Delgado learned last week from a note slipped under his door that the rent for his two-bedroom apartment at Manhattan’s Stuyvesant Town will jump by $920 to $4,220 a month in July. Unable to move immediately, he says he’ll stick it out for another year.
Next week on May 29 the Pritzker Prize will be awarded to Toyo Ito, of Tokyo, who will receive his bronze medal and $100,000 in a formal ceremony at the John F. Kennedy Presidential Library and Museum in Boston.
Banks that opened more than 15,000 branches across the U.S. in the decade leading to the financial crisis are retreating from lower-income neighborhoods, even as the industry posted its second-most-profitable year on record.
American International Group Inc. is increasing investments in commercial real estate, with a focus on apartment buildings as U.S. rental demand climbs, Chief Executive Officer Robert Benmosche said in an interview.
Opponents of New York’s plan to reopen a waste-transfer plant on the Upper East Side of Manhattan were predictably disappointed that the U.S. Army Corps of Engineers gave the plant a green light last month.