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☆ 24-year-old lived in an apartment the size of an average parking spot: 'It gave me independence'
▼ + stars: | 2024-03-25 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

Alex Verhaeg had just turned 21 years old when he moved into a 95 sq. The tiny apartment was smaller than the average size of a parking spot — which is roughly 150 square feet — and didn't have a bathroom. Instead, the five-story building has three bathrooms and two showers on each floor for tenants to share. Don't miss: My house is 'smaller than the average size of a parking spot': 3 people share what it's like to live in less than 300 square feet"It gave me independence to have a spot all to myself," he says. "You had to share some things like the restroom but the apartment itself was just mine, which I really enjoyed."

Persons: Alex Verhaeg Organizations: CNBC Locations: Manhattan's East

☆ 2 of the top 10 must-see travel experiences in the world are in the U.S., Google data says
▼ + stars: | 2024-02-28 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

Luxury travel company Kuoni recently released its list of the world's top must-see travel experiences. In the top 10 must-see travel experiences based on Google searches, only two are in the U.S., with two more U.S. experiences being a part of the top 20. No.1 must-see travel experience: ManhattanhengeNew York City's Manhattanhenge is the most searched-for travel experience — the NYC event had over 1.3 million annual Google searches. The Manhattanhenge ranked as the top must-see travel experience, according to Google data collected by Kuoni. 2 must-see travel experience in the world is the Venice Carnival in Italy, with over 1.2 million annual searches.

Persons: Kuoni, Manhattanhenge, Andrey Denisyuk, Ash, Silvia Bianchini Organizations: Google, American Museum of, Venice, Italy Rio Carnival, Mexico Chelsea Flower, Golden, Venice Carnival, Istock, Getty Locations: U.S, York, , New York, Italy, Brazil, Mexico, Albuquerque, USA, Lapland, Finland, Munich, Germany, Japan, Venice

☆ Queen of the skyscrapers Darcy Stacom to leave property giant CBRE
▼ + stars: | 2024-02-06 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +5 min

"After more than 20 years at CBRE Darcy Stacom has decided to leave the company at the end of March to launch her own commercial real estate firm, and we wish her well with her new endeavor," the email read. The end of Stacom's tenure reflects sweeping challenges and generational shifts in commercial real estate. And in 2018, Stacom represented Google in its $2.4 billion acquisition of a new office property overlooking the Hudson River. "She's had an unbelievable career," said Jon Mechanic, chairman of the law firm Fried Frank's real estate practice, who has worked with Stacom on countless deals. The person did not want to be identified because they had not been authorized by CBRE to speak about Stacom's exit.

Persons: Darcy Stacom, Matthew Van Buren, Chris Ludeman, CBRE Darcy Stacom, Stacom, Paul Massey, Stacom's, Peter Cooper, Zhang Xin, She's, Jon Mechanic, Fried, Adam Spies, Doug Harmon, Newmark, CBRE, Doug Middleton Organizations: Skyscrapers, New, State, Business, CBRE, Real, Advisors, Stuyvesant Town, General, Google, New York Locations: New York, CBRE's Tri, New York City, CBRE, Stuyvesant, Hudson

☆ Bidding wars over apartments are more ferocious than ever — and they're here to stay
▼ + stars: | 2023-10-11 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Yet one of the enduring legacies of the COVID-era housing market may be the proliferation of bidding wars for rentals. Bidding wars have periodically reared their ugly heads during overheated stretches in New York City's housing market. And while things have cooled down since the mania of 2022, in places where available rental inventory remains low, the bidding wars just won't die. Still, it's hard not to worry that we've opened Pandora's box when it comes to bidding wars. Bidding wars may feel distasteful, embarrassing, and unfairly favor those with the means to drive up already exorbitant asking rents.

Persons: Phil, Rikki Mueller, That's, I've, David Harris, Coldwell Banker Warburg, Harris, didn't, Frances Katzen, Douglas Elliman, Jonathan Miller, Miller, Mueller, Stan Broekhoven, Broekhoven, we've, we'd, he'd, They'd, wasn't, —, James Rodriguez Organizations: New, Coldwell Banker, Austin, Google Locations: Manhattan's East, homebuying, New York, Chicago, Boston, Austin, Brooklyn, New York City, California, Los Angeles, South Florida, , New York, Salt Lake City, Las Vegas, Manhattan, David Harris , New York City

☆ I entered a bidding war to land an apartment. It was way more brutal than I expected.
▼ + stars: | 2023-10-11 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

☆ Brooklyn subway shooter who wounded 10 faces sentencing on terrorism charges
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

Frank James, the suspect in the Brooklyn subway shooting walks outside a police precinct in New York City, New York, U.S., April 13, 2022. "I got on the subway train that was carrying people," James told the courtroom. James opened fire during the morning rush hour as the train headed to an underground station in Brooklyn's Sunset Park neighborhood. Prosecutors from the U.S. Attorney's office in Brooklyn are seeking what amounts to a life sentence: 10 concurrent life sentences plus 10 years. James' attorneys are seeking an 18-year sentence, according to court documents.

Persons: Frank James, Andrew Kelly, James, Gabriella Borter, Rami Ayyub Organizations: Brooklyn, REUTERS, New, New York Police Department, Thomson Locations: New York City , New York, U.S, New York, Brooklyn, New York City, East Village, Manhattan, Sunset, Bronx, Philadelphia, Milwaukee, New Jersey

☆ My house is 'smaller than the average size of a parking spot': 3 people share what it's like to live in less than 300 square feet
▼ + stars: | 2023-08-26 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Or to be minutes away from the beach in Santa Monica, California? CNBC Make it recently profiled three people making it work in less than 300 square feet. At about 16 feet by 8 feet, Verhaeg's apartment is smaller in area than an average parking spot, which comes in around 150 square feet. Rent, including utilities, runs her $1,600 a month — $600 less than the monthly median studio apartment in Santa Monica. "Living with intention in a tiny space has many benefits.

Persons: Alex Verhaeg, Sung Yoo, Yoo's, Yoo, it's Organizations: CNBC Locations: New York City, Santa Monica , California, Manhattan's East, Zillow, Santa Monica, Southern, York

☆ Top of New York City crane crashes into street, injuring six
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, July 26 (Reuters) - Six people were injured in New York on Wednesday when the top portion of a construction crane caught fire and crashed into a Manhattan street during the morning rush hour, authorities said. [1/7]Members of the Fire Department of the City of New York (FDNY) and others gather after a construction crane caught fire on a high-rise building in Manhattan, New York City, U.S., July 26, 2023. "As you see from the debris on the street, this could have been much worse," New York City Mayor Eric Adams said during a press conference at the scene. In recent years, New York City has adopted more stringent safety measures for the towering cranes used to erect the massive buildings that define the skyline of the country's most populous city. More recently, a crane collapsed in lower Manhattan's Tribeca neighborhood in 2016, killing a pedestrian, injuring three others and crushing cars parked on the street.

Persons: Amr Alfiky, Eric Adams, Frank McGurty, Brendan O'Brien, Nick Zieminski, Jonathan Oatis Organizations: YORK, Firefighters, New York City Police Department, Twitter, Reuters, Fire Department, City of New York, REUTERS, York City, Thomson Locations: New York, Manhattan, Lincoln, New Jersey, City of New, Manhattan , New York City, U.S, York, New York City, Manhattan's, Tribeca, Chicago

☆ New York man gets 22 years in jail over killing of Chinese immigrant
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +1 min

March 31 (Reuters) - A New York City man who pleaded guilty to manslaughter and a hate crime in the 2021 killing of a Chinese immigrant has been sentenced to 22 years in prison, authorities said. Police surveillance video of the April 2021 attack showed Ma being knocked down from behind and kicked in the head multiple times by a lone man. Ma was a pastry chef who came to the U.S. with his wife two years before the attack, U.S. media have reported. Bragg's office said Powell admitted in his plea that he targeted Ma due to his Asian heritage. The attack on Ma came a month after a shooting spree at three Atlanta spas left eight people dead, including six Asian women.

☆ How SVB employees are coping after being ordered to leave the office, from polishing their resumes to hitting the bar: 'We're pretty much in the dark'
▼ + stars: | 2023-03-10 | by ( Emmalyse Brownstein | Rebecca Ungarino | Carter Johnson | ) www.businessinsider.com time to read: +6 min

It read: "Operations of the SVB Securities broker dealer are distinct from the receivership of SVB Financial." The SVB Securities employee called the whirlwind leading up to SVB's meltdown as "scary, scary stuff." Kevin Heal, senior analyst at Argus Research, said he sees both SVB Securities and SVB Private being sold. SVB bought the healthcare investment bank Leerink Partners in 2018, renaming it SVB Leerink and then SVB Securities. PATRICK T. FALLON/AFP via Getty ImagesHeal thinks the investment banking operations could be purchased by a smaller investment banking firm that doesn't have tech or healthcare prowess, like US Bancorp or PNC.

☆ It took 50 years and $11 billion to complete a train station beneath NYC's Grand Central Terminal. It shows how hard it is to build things in the US.
▼ + stars: | 2023-02-03 | by ( Jacob Zinkula | Catherine Boudreau | ) www.businessinsider.com time to read: +7 min

New commuter rail service to New York City's Grand Central Terminal began last week. The new station cost more than three times its initial budget and faced significant delays. The new rail service, which began limited operations last week, delivers riders to a gleaming new station some 15 stories beneath the soaring limestone facade of Grand Central Terminal. Train platforms at Grand Central Madison are well over 100 feet underground. Mary Altaffer/APPeople walk past a mural in the new Grand Central Madison last week.

☆ See inside Grand Central Station's newly opened Long Island Rail Road terminal — finally open to passengers after 15 years of construction
▼ + stars: | 2023-01-26 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +1 min

Construction on Grand Central Madison began in 2006, and cost $12 billion. Positioned more than 100 feet underground, it can take up to 12 minutes to travel from the platform to the subway. Shuttle service from Queens to the terminal, called Grand Central Madison, began Wednesday. While construction on parts of the tunnel that connects to Grand Central Madison began in the 1960s and was completed in the 1980s, work to connect tunnels to Grand Central Station didn't begin until 2007. Insider dug up photos showing a timeline of construction at the terminal, from a hole underground to a shiny new station.

[1/2] Frank James, the suspect in the Brooklyn subway shooting walks outside a police precinct in New York City, New York, U.S., April 13, 2022. REUTERS/Andrew KellyNEW YORK, Jan 3 (Reuters) - The man who set off smoke bombs on a crowded New York subway train before shooting 10 people last April in one of the most violent attacks ever seen on the city's transit system pleaded guilty on Tuesday to terrorism and weapons charges. "I got on the subway train that was carrying people," said James, dressed in wrinkled khaki jail overalls and sitting at a table alongside his public defenders. read moreLess than two months after James' attack, a man was arrested in the fatal, unprovoked shooting of a man on a subway car crossing the Manhattan Bridge from Brooklyn into Manhattan. In June, another man was arrested on suspicion of pushing a woman onto the tracks of a subway station in the Bronx.

☆ New York City's 'smallest apartment' has no bathroom and its renter shares one in the hall with neighbors
▼ + stars: | 2022-10-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

She must leave her micro studio and walk past neighbors to use the bathroom - which, while separate, is private. Randazzo's tiny apartment - 80 square feet - includes a tiny kitchen with a two-burner cooktop, mini fridge, microwave, and a sink. Most viewers were both shocked and impressed by how she maximized the small space. Like Verhaeg, Webber shares a bathroom with neighbors living on the same floor. Verhaeg found his tiny apartment on Zillow in 2020, but he didn't see it in person until it was time to move in.

☆ Restaurant operating hours are still shorter compared to 2019, report finds
▼ + stars: | 2022-10-27 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

States with Democratic governors saw steeper reductions to restaurants' hours than those led by Republicans, according to the report. Every state except Alaska saw a decrease in restaurants' average weekly operating hours. Eateries have trimmed their weekly operating hours by 7.5%, or 6.4 hours, compared with pre-pandemic schedules, according to a new report from Datassential . Denny's weekly hours have fallen by nearly a third, while Texas Roadhouse , IHOP and Subway have all seen their averages shrink by double digits. Those chains' significant drops in operating hours are likely due to the reduction of diners and other eateries that are open for 24 hours.

☆ Man pays $1,100 a month for 95-square-foot NYC apartment with NO toilet
▼ + stars: | 2022-10-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Alex Verhaeg, 23, pays $1,100 monthly for a 95-square-foot apartment in Manhattan's East Village. Randazzo's tiny apartment - 80 square feet - includes a tiny kitchen with a two-burner cooktop, mini fridge, microwave, and a sink. Most viewers were both shocked and impressed by how she maximized the small space. Like Verhaeg, Webber shares a bathroom with neighbors living on the same floor. Verhaeg found his tiny apartment on Zillow in 2020, but he didn't see it in person until it was time to move in.

☆ This 23-year-old pays $1,100 a month in rent to live in an apartment the size of an average parking spot
▼ + stars: | 2022-10-15 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

In 2020, Alex Verhaeg moved into a 95 sq. The 23-year-old barber, bike messenger, and content creator found the apartment on Zillow and only got to see the space in photos before he moved in. "Any space can be made into a home, no matter how big or how small that space is. Verhaeg's mom co-signed his lease, and the upfront costs for his move were $2,000: $1,000 for the first month's rent and $1,000 for the security deposit. His rent has since increased to $1100 a month.

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