Category: New

Here are real estate’s tech disruptors

From the February issue: Just 20 years ago, fax machines were in wide use and most people didn’t have cell phones. Fast forward to today, and smartphones are inescapable and personal hotspots are tucked into everyone’s pockets. The real estate industry has seen its own advances during that time, with drones...

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Sentinel Sells Huddle House

Continues Successful Record of Investing in Restaurant Franchises New York, NY  (RestaurantNews.com)  Sentinel Capital Partners, a private equity firm that invests in promising, lower midmarket companies, today announced it has sold Huddle House, Inc., a leading franchisor of family dining restaurants in the Southeast. Financial terms of the transaction were...

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Condé Nast mulling decision to sublet space at 1 WTC

Condé Nast’s 1 million-square-foot lease at One World Trade Center in 2011 heralded Lower Manhattan’s post-9/11 revival. But now, the media giant is considering scaling back its presence at the soaring office tower. The publisher of glossy magazine titles such as Vogue, the New Yorker and Vanity Fair hired a...

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City to pay $200M to upgrade boilers at NYCHA projects

The city plans to spend $200 million to upgrade and replace boilers in New York City Housing Authority projects. Over the next four years, $81.9 million will be spent to replace boilers at 10 housing developments and $73.9 million will go toward upgrades at 12 projects, the Wall Street Journal...

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Airbnb won’t IPO this year, announces C-suite shakeup

  Laurence Tosi, the chief financial officer of short-term rental giant Airbnb, is leaving the company amid tension with Airbnb’s number one, Brian Chesky. The former Blackstone Group executive was a proponent of Airbnb’s going public, and with Tosi’s exit, the IPO will be delayed until at least 2019, Bloomberg...

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Steve Schwarzman may have made $1B in cash in 2017: report

  Blackstone Group CEO Stephen Schwarzman may have made close to $1 billion in cash in 2017 thanks to the private equity firm’s strong performance. Schwarzman owns 232 million Blackstone shares, and Crain’s New York guesstimates this netted him $851 million in dividends last year alone. The billionaire also gets...

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