For New York University students, a retail property near the school in lower Manhattan is a place to buy a sandwich or milk. For developer Larry Silverstein, the location is part of a bond with billionaire Warren Buffett.
JPMorgan Chase & Co., the biggest U.S. lender, is moving about 2,000 employees to offices in Brooklyn’s MetroTech Center after a review of its real estate holdings, said a person with direct knowledge of the plan.
The executive suite at Citigroup Inc.’s headquarters in New York where Michael Corbat has his office hasn’t been renovated since its previous occupant, Vikram Pandit, vacated the premises in October 2012.
New York Mayor Bill de Blasio’s $74 billion preliminary budget for the 2015 fiscal year underestimates labor costs and relies on $530 million from a tax levy on the rich the state may not approve, the city’s comptroller said.
As Manhattan developers plan millions of square feet of office towers featuring the most modern amenities, some of their biggest potential tenants have decided they’re better off staying in their current homes.
Time Inc., the magazine unit soon to be spun off from Time Warner Inc., is considering leaving the Time & Life Building on New York’s Avenue of the Americas and moving its offices to lower Manhattan, three people with knowledge of the company’s plans said.
The jury in the trial of former SAC Capital Advisors LP portfolio manager Mathew Martoma ended its second day of deliberations yesterday without a verdict, after asking to review testimony supporting his claim that details of a drug trial weren’t derived from inside information.
The Indian diplomat whose arrest in New York roiled relations between the two countries isn’t immune from prosecution and should face charges of visa fraud and making false statements, U.S. prosecutors said.