Tag:
Manhattan
Latest Headlines
Latest Headlines
Are the good times back in NYC?
Manhattan and much of the city really thrives on Wall Street. The recession was tough on the entire Big Apple. But is the local economy about to heat up again, now that bonuses are back? High-end retailers and real estate agents are no doubt salivating. It won't be a luxe feeding frenzy just yet,
Madoff victims aim to influence judge
Bernard Madoff will be sentenced on June 29 in Manhattan. I wouldn't say his victims are out for literal blood, but they would like the Ponzi scheme master to suffer mightily. To voice this view, they have sent more than 100 letters to judge Denny Chin, who will sentence Madoff. He faces penalties
Hedge funds leave hole in real estate market
Anyway to short the cost of high-end real estate leases in Manhattan. Until now, the long bet was the smart bet, and hedge funds were paying up to $200 a square foot--more than double the average--for offices in "midtown's trophy towers," reports Crain's New York Business . That blew lease pric
