Category: New

Macy’s sues Ashkenazy over early termination fee

  Macy’s is suing Ashkenazy Acquisition Corporation, alleging that it is owed a $1.5 million early termination fee for its lease at the Douglaston Plaza mall in Queens. The retail chain handed over its store on April 15, nine months before its lease was up. In return, the company was...

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Cryptocurrency company Ripple signs for Chelsea office

  Blockchain technology company Ripple, which created the cryptocurrency XRP, is opening an office in Chelsea, the firm said. The San Francisco-based company signed a 6,933-square-foot lease at the Kaufman Organization and Goldman Sachs Asset Management’s 155 West 23rd Street. At its peak in early January, All XRP coins in...

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Church’s Chicken Helping to Serve Communities Across Puerto Rico

Island Franchisee SARCO at 98% Operating Capacity – Continuing to Support Thousands with Hot Meals & Water Atlanta, GA  (RestaurantNews.com)  While the northeast United States braces for record-breaking winter storm conditions, residents of Puerto Rico are still struggling to return to life-as-usual two months after Category 5 Hurricane Maria devastated...

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Savanna lands $176M loan for Morningside Heights condo project

Savanna landed a $176 million construction loan from Deutsche Bank for its planned Morningside Heights condominium building. The German lender provided the financing for the 170-unit project at 525 West 122nd Street, property records filed with the city Friday show. A representative for Savanna declined to comment. The private equity...

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Russo’s New York Pizzeria Kicks Off Fundraiser for Life-Saving Cancer Research

Authentic New York-style Pizza Restaurant Launches Brand-wide Fundraising Campaign to Benefit Leukemia & Lymphoma Society Houston, TX  (RestaurantNews.com)  For the next couple months, Russo’s New York Pizzeria restaurants throughout the region are banding together in support of 1.3 million Americans living with blood cancer. From January 19-March 1, participating pizzerias...

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Westchester agents adapt to the age of Instagram

From the Westchester & Fairfield Market Report: As homebuyers become more reliant on the internet to help their searches — sometimes racing through an actual house showing because they’ve already seen photos online — brokerages are ramping up their social media presence. Meanwhile, many of Westchester’s top-performing brokers are slowly becoming...

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