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☆ The average Manhattan rent just hit a new record of $5,588 a month
▼ + stars: | 2023-08-10 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

The average monthly rent in July was $5,588, up 9% over last year and marking a new record. Median rent, at $4,400 per month, also hit a new record, along with price per square foot of $84.74, according to a report from Miller Samuel and Douglas Elliman. It was the fourth time in five months that Manhattan rents hit a record. Despite a loss in population during the pandemic, average rents in Manhattan are now up 30% compared to 2019. Yet despite the population loss and rise of remote work, Manhattan rents continue to soar.

Persons: Fatih Aktas, Miller Samuel, Douglas Elliman, Jonathan Miller, Miller, What's, Janna Raskopf Organizations: Anadolu Agency, Getty, Kastle Systems Locations: Manhattan, New York, United States, U.S

☆ Manhattan rentals rates are 30% higher than pre-pandemic levels
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailManhattan rentals rates are 30% higher than pre-pandemic levelsCNBC's Robert Frank joins 'The Exchange' to discuss Manhattan rental prices hitting a record high, rental prices moderating throughout the United States, and Manhattan's rental inventory struggles.

Persons: Robert Frank Locations: Manhattan, United States

☆ More document trouble looms for Trump, this time over missing evidence in his New York fraud trial
▼ + stars: | 2023-08-05 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

This week, New York's attorney general gave notice that she is ready for Trump's October 2 fraud trial. Buried in the notice was a threat: She may seek new penalties against Trump and the Trump Organization for the "spoliation" of evidence. New York Attorney General Letitia James announced her $250 million civil fraud suit against Donald Trump and his company with assistant attorneys general Andrew S. Amer, center, and Kevin C. Wallace, right. Two summers ago, Garten testified in response to an AG subpoena that Trump "regularly generates handwritten documents," James' office said in a 2022 filing. A "bunch of issues"High burden of proof aside, this week's filing shows that James' lawyers are not letting the missing-documents matter go.

Persons: Donald Trump, Letitia James, Trump, Arthur Engoron, Kenneth Foard McCallion, James, McCallion, Engoron, Eric Trump, Allen Weisselberg, Kevin C, Wallace, Andrew S, Amer, Brittainy Newman, Jackson, they're, Alan Garten, Garten, —, Rhona Graff, Graff, president's, Alina Habba, Ivanka Trump, Banks Organizations: New, Trump, Trump Organization, Service, New York, McCallion, Associates, Trump Org, Mr, Washington Locations: Wall, Silicon, New York, manila

The four-count, 45-page indictment charges Republican Trump with conspiring to defraud the U.S. by preventing Congress from certifying Democrat Joe Biden's victory and to deprive voters of their right to a fair election. The charges stem from Special Counsel Jack Smith's sprawling investigation into allegations Trump sought to reverse his loss to Biden. "President Trump will not be deterred by disgraceful and unprecedented political targeting!" [1/5]Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally in Erie, Pennsylvania, U.S., July 29, 2023. Tuesday's charges represent a second round of federal charges by Smith, who was appointed special counsel in November by U.S. Attorney General Merrick Garland.

Persons: Donald Trump, Trump, Joe Biden's, Mike Pence, Tanya Chutkan, Barack Obama, Jack Smith's, Biden, Weeks, Smith, Trump's, Rudy Giuliani, Jeffrey Clark, John Eastman, Pence, Lindsay DeDario, Giuliani, Robert Costello, Eastman, Charles Burnham, Clark, General Merrick Garland, Stormy Daniels, Kevin McCarthy, Ron DeSantis, Fani Willis, Garland, Jacqueline Thomsen, Sarah N, Lynch, Rami Ayyub, Andrew Goudsward, Luc Cohen, Jack Queen, Kanishka Singh, Dan Whitcomb, Costas Pitas, Mike Scarcella, Tim Reid, Jeff Mason, Gram Slattery, Joseph Ax, Scott Malone, Will Dunham, Howard Goller, Grant McCool, Michael Perry Organizations: U.S, Capitol, Republican, ., Trump, Congress, Justice, REUTERS, Reuters, Presidential, TRUMP, REPUBLICAN, Republicans, Democratic, Justice Department, Thomson Locations: American, Washington, U.S, Washington ,, Nazi Germany, Georgia, Erie , Pennsylvania, Miami, Manhattan's, Florida, Fulton County, The Hague, Kosovo, New York

☆ Goldman Sachs mourns a 27-year-old analyst who was found dead in a New York creek after he hadn't been seen since leaving a Brooklyn concert early Saturday
▼ + stars: | 2023-08-02 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

John Castic, a 27-year-old Goldman Sachs analyst, was found dead in a Brooklyn creek Tuesday. Castic had been last seen early Saturday morning after leaving a Brooklyn concert venue. Goldman Sachs CEO David Solomon said the firm was shocked and saddened to hear of Castic's death. A 27-year-old Goldman Sachs analyst who was last seen early Saturday morning was found dead in a Brooklyn creek on Tuesday. Brooklyn Mirage didn't respond to questions from WPIX.

Persons: John Castic, Goldman Sachs, Castic, David Solomon, Solomon, John, Dawn, Jeff, —, Karl Clemente, He'd, Zeds Dad Organizations: New York Police Department, NYPD, Wealth Management, DePaul University, Brooklyn Mirage, Bloomberg, New, WPIX, Brooklyn Locations: Brooklyn, Jersey City , New Jersey, Newtown Creek, New York

The four-count, 45-page indictment charges Republican Trump with conspiring to defraud the U.S. by preventing Congress from certifying Democrat Joe Biden's victory and to deprive voters of their right to a fair election. The charges stem from Special Counsel Jack Smith's sprawling investigation into allegations Trump sought to reverse his loss to Biden. The indictment lays out numerous examples of Trump's election falsehoods and notes that close advisers, including senior intelligence officials, told him repeatedly that the election results were legitimate. "President Trump will not be deterred by disgraceful and unprecedented political targeting!" Tuesday's charges represent a second round of federal charges by Smith, who was appointed a special counsel in November by U.S. Attorney General Merrick Garland.

Persons: Donald Trump, Trump, Joe Biden's, Mike Pence, Tanya Chutkan, Barack Obama, Jack Smith's, Biden, Weeks, Smith, Rudy Giuliani, Jeffrey Clark, John Eastman, Pence, Lindsay DeDario, Ted Goodman, Clark, Eastman, General Merrick Garland, Stormy Daniels, Kevin McCarthy, Ron DeSantis, Trump's, Fani Willis, Garland, Jacqueline Thomsen, Sarah N, Lynch, Rami Ayyub, Andrew Goudsward, Luc Cohen, Jack Queen, Kanishka Singh, Dan Whitcomb, Costas Pitas, Mike Scarcella, Tim Reid, Jeff Mason, Gram Slattery, Joseph Ax, Scott Malone, Will Dunham, Howard Goller, Grant McCool Organizations: U.S, Capitol, Republican, ., Trump, Congress, Justice, REUTERS, TRUMP, REPUBLICAN, Republicans, Democratic, Justice Department, Thomson Locations: American, Washington, U.S, Washington ,, Nazi Germany, Georgia, Erie , Pennsylvania, Miami, Manhattan's, Florida, Fulton County, The Hague, Kosovo, New York

☆ Trump lawyers told to expect indictment -NBC News
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, July 27 (Reuters) - Donald Trump's attorneys have been told to expect an indictment against the former U.S. president from a federal investigation into efforts to overturn his 2020 presidential election defeat, NBC News reported on Thursday, citing unidentified sources. Any indictment in the election case would represent a second round of federal charges from Smith, who was appointed in November by U.S. Attorney General Merrick Garland. Trump's attorneys previously met with officials at the Justice Department, including Smith, before a grand jury in Miami indicted Trump in June. The first charges brought against Trump came in March when a grand jury convened by Manhattan's district attorney indicted him. Trump, 77, leads a crowded field of Republican presidential candidates as he seeks a rematch with Biden, 80, next year.

Persons: Donald Trump's, Jack Smith, Trump, Democrat Joe Biden, Smith, General Merrick Garland, Trump's, Stormy Daniels, Biden, Sarah N, Lynch, Jacqueline Thomsen, Doina Chiacu, Howard Goller Organizations: NBC, Democrat, U.S, Capitol, Biden's, ., Justice Department, Miami, Trump, Republican, Thomson Locations: U.S, Miami, Manhattan's

☆ 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

☆ Co-Star has a new astrology machine that answers questions with ChatGPT. I tried it — and see how it's the future.
▼ + stars: | 2023-07-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Astrology app Co-Star developed a machine that uses AI to answer questions based on user's birth chart. Here's my experience trying Co-Star's new astrology machine. The machine was developed and installed by Co-Star, a buzzy astrology app that launched in 2017 (not to be confused with the commercial real estate group with a similar name). The main function of the machine is to generate answers to open-ended questions according to a user's astrological chart. In order to answer these speculative questions, it draws upon large language models like GPT-3, and chatbots like ChatGPT, along with other technologies.

Organizations: Star, Co Locations: LA, Manhattan

July 21 (Reuters) - The state of New Jersey sued the Biden administration on Friday seeking to block New York City's congestion pricing plan. Last month, the plan cleared a major roadblock when the U.S. Department of Transportation's Federal Highway Administration (FHWA) said the city had adequately assessed how the congestion charge would help the environment. New York City, which has the most congested traffic of any U.S. city, would become the first major city in the U.S. to follow London, which implemented a similar charge in 2003. New York lawmakers approved the plan in 2019 to provide funding to improve mass transit by using tolls to manage traffic in central Manhattan. The toll would generate $1 billion to $1.5 billion a year and support $15 billion in debt financing for mass transit improvement.

Persons: Biden, Donald Trump, David Shepardson, Angus MacSwan Organizations: U.S . Department of, Administration, FHWA, . New, Thomson Locations: New Jersey, York, Jerseyans, Midtown Manhattan, . New York City, U.S, London, ., . New York, Manhattan

☆ US Virgin Islands wants JPMorgan to pay $190 million and implement anti-human trafficking policies in Jeffrey Epstein lawsuit
▼ + stars: | 2023-07-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

The US Virgin Islands is suing JPMorgan Chase in connection with the Jeffrey Epstein case. Court filings show it wants the bank to hire a compliance consultant to combat human trafficking. The US Virgin Islands is seeking at least $190 million from JPMorgan Chase for its alleged involvement with Jeffrey Epstein, as well as implement measures to prevent human trafficking. Since the US Virgin Islands filed its lawsuit in December 2022, both parties have blamed the other for their roles in Epstein's sex trafficking operation. In a another lawsuit, JPMorgan alleged that Epstein paid the college tuition for the children of the former first lady of the US Virgin Islands.

Persons: Jeffrey Epstein, Epstein, JPMorgan Chase Organizations: JPMorgan Chase, JPMorgan, Morning, US, Islands ' Department of Justice, Islands, CNN, Virgin Islands, Street Journal, Columbia University, Manhattan's Metropolitan Correctional Center Locations: Virgin Islands, Manhattan's

☆ Manhattan office market's tough outlook persists, leaving investors on sidelines
▼ + stars: | 2023-07-12 | by ( Herbert Lash | ) www.reuters.com time to read: +5 min

[1/2] The Empire State Building and Manhattan skyline are pictured from the Summit at One Vanderbilt observatory in Manhattan in New York City, U.S., April 14, 2023. "There's essentially almost no market for office buildings right now because people don't know where the bottom is," said Andrew Nelson, a real estate economist who runs Nelson Economics in Washington. Opportunistic investors who could clear the market of unneeded office space and help lift values are biding their time, sitting on the sidelines, Lim said. The increase in negative absorption comes despite the number of office jobs in Manhattan now exceeds pre-pandemic levels. And Savills Plc (SVS.L) said direct available office space in Manhattan now measures 70.4 million square feet, the highest in history.

Persons: Mike Segar, There's, Andrew Nelson, Andrew Lim, Lim, JLL, Nelson, Mark Berry, Kroll, Herbert Lash, Nick Zieminski Organizations: Empire, Vanderbilt, REUTERS, Reuters, Nelson Economics, Jones Lang LaSalle Inc, SOAR, Kroll Bond, Agency, Thomson Locations: Manhattan, New York City, U.S, Washington, New York

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, —, Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine

☆ From 'Barbie' to Formula 1, TAG Heuer is making its mark on the luxury watch market
▼ + stars: | 2023-07-12 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

It plans to more than double its boutiques in the U.S. to 50 by 2026, according to TAG Heuer CEO Frédéric Arnault. Frédéric Arnault, CEO of TAG Heuer. Arnault said TAG Heuer is making strides due in part to marketing wins and new products, such as the new TAG Heuer Monaco Chronograph with a skeleton dial worn by Verstappen, which clocks in at more than $10,000. Gosling has been sporting a 36mm TAG Heuer Carrera with a bright pink dial as part of his promotion of the new "Barbie" movie. Arnault said "Barbie" fans can expect to see other TAG Heuer watches in the film as well.

Persons: Frédéric, Bernard Arnault, Arnault, Max Verstappen, Sergio Perez, Frédéric Arnault, LVMH, Fred, Louis Vuitton, Bulgari, Philippe Nautilus, Ryan Gosling, Gosling, Barbie, Ryan Organizations: LVMH, TAG, TAG Heuer, CNBC, Oracle Red Bull Racing, Monaco, CNBC TAG, Zenith, Carrera Locations: U.S

☆ Hedge fund industry insiders say Two Sigma's unusual risk disclosure was years in the making
▼ + stars: | 2023-06-27 | by ( Rebecca Ungarino | Kaja Whitehouse | ) www.businessinsider.com time to read: +6 min

Two Sigma, the successful quant hedge fund, is dogged by two cofounders who don't get along. Disagreements between Overdeck and Siegel only surfaced publicly for the first time last week. The disclosure was highly unusual for a hedge fund since they generally have much lighter disclosure requirements than their public counterparts, experts say, making the filing all the more notable. The firm has been known mainly as a premier quantitative hedge fund since its founding. Then when it comes to planning for the next generation of leaders to take over from hedge fund founders, the transition can be difficult.

Persons: John Overdeck, David Siegel, Overdeck, Siegel, Mark Pickard, Jonathan Hitchon, Sarah Jacobs, Kevin Mullally, Mullally Organizations: Sigma, Street Journal, Overdeck, Wall Street, Business, University of Central Locations: New York, Manhattan's SoHo, University of Central Florida

Mindy Yu was raised in Queens, New York, in a working-class family who lived paycheck to paycheck. Pros Check mark icon A check mark. Accounts pay high interest rates Check mark icon A check mark. No fees Check mark icon A check mark. Open accounts you might not be able access outside of Raisin Check mark icon A check mark.

Persons: Mindy Yu, Yu, —, didn't, Roth, It's Organizations: Service, Social Security, Roth IRA, Mint, FDIC, Chevron Locations: Queens , New York, Manhattan's Chinatown

☆ US advances New York City vehicle congestion pricing plan
▼ + stars: | 2023-06-26 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

June 26 (Reuters) - A New York City plan to charge a daily toll on vehicles entering or remaining in the central business district got a boost on Monday from the U.S. Department of Transportation, which said the city had adequately assessed how the congestion charge would help the environment. Menendez has introduced legislation that would cut 50% of federal highway grant funding to New York state if the plan goes ahead. In May, USDOT approved release of the final environmental assessment for New York's congestion pricing plan for public review. Following entry into a tolling agreement, tolling could begin up to 310 days later, the city said in May. New York City, which has the most congested traffic of any U.S. city, would become the first major city in the U.S. to follow London, which implemented a similar charge in 2003.

Persons: Bob Menendez, Josh Gottheimer, Bill Pascrell, Menendez, USDOT, Donald Trump, David Shepardson, Mark Porter, Matthew Lewis Organizations: U.S . Department of Transportation, Administration, Democratic, York Metropolitan Transportation Authority, . New, Thomson Locations: York City, U.S, New Jersey, New York, Midtown Manhattan, . New York City, London, ., . New York, Manhattan, Washington

☆ Internet sensation Salt Bae shuts down New York burger restaurant that infamously sold $99 milkshakes
▼ + stars: | 2023-06-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Nusret Gökçe — AKA Salt Bae — opened Manhattan's Salt Bae Burger in 2020. Earlier this month, the Union Square restaurant closed its doors. The Turkish butcher, chef, and entertainer quickly rose to fame with the nickname Salt Bae, and has gone on to amass an international chain of Nusr-Et steakhouses. Salt Bae Burger opened in February 2020 — mere weeks before COVID-19 would shut down the world — but not before Gothamist dubbed it the "worst restaurant in New York City." The New York location was the second Salt Bae Burger opened by Gökçe.

Persons: Nusret Gökçe, —, Bae Burger, Burger, Salt Bae, Gothamist Organizations: Service, Guardian, The, Gökçe, NBC Locations: Turkish, New York City, Manhattan's, The New York, Dubai, NBC New York

NEW YORK, June 15 (Reuters) - A federal judge on Thursday scheduled the writer E. Jean Carroll's second defamation trial against former U.S. President Donald Trump for next January. Last month, a Manhattan jury ordered Trump to pay Carroll $5 million for defamation and sexual assault in a separate lawsuit, after he made a similar denial in October 2022. On Tuesday, Judge Kaplan allowed Carroll to amend her lawsuit over Trump's 2019 comments to include similar comments he made recently on CNN. In a town hall the day after the $5 million verdict, Trump called Carroll's account "fake" and labeled her a "whack job." The case is Carroll v. Trump, U.S. District Court, Southern District of New York, No.

Persons: Jean Carroll's, Donald Trump, District Judge Lewis Kaplan, Trump, Roberta Kaplan, Carroll, Goodman, Judge Kaplan, Jonathan Stempel, Jonathan Oatis Organizations: YORK, U.S, District, Elle, Trump, CNN, Court, Southern District of, Thomson Locations: Manhattan, Florida, Manhattan's, Southern District, Southern District of New York, New York

☆ A real-estate agent might have bought Ken Griffin's cell phone number from a former FBI employee to facilitate the $240 million sale of a New York City condo
▼ + stars: | 2023-06-10 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +4 min

In 2019, real-estate agents and brothers Tal and Oren Alexander sold a $240 million condo. That's the Alexander brothers' unofficial mantra. In 2015, Griffin dropped $46.4 million on an abstract painting by Gerhard Richter, putting him in the Alexanders' crosshairs. Tal wouldn't reveal how he acquired Griffin's cell phone number, Clarke noted, but one of the writer's sources said he bought it from a former FBI agent. But Griffin wasn't interested in the penthouse Tal had in mind for him.

Persons: Tal, Oren Alexander, Ken Griffin, —, Alexander, Katherine Clarke, Clarke, it's Tal, Oren —, Oren, Douglas Elliman, Griffin, Gerhard Richter, Tal wouldn't, Griffin wasn't, — Griffin, Shlomy Alexander, They've, Kim Kardashian, Kanye West, Leon Black, Tommy Hilfiger Organizations: Service, Wimbledon, Rollers, Penguin Random, Citadel, Old, FBI, Alexander Team Locations: Aspen, Saudi, United States, Central Park, Miami, Miami Beach

☆ How a 77-square-foot apartment with no bathroom for $2,350 a month sparked a bidding war: 'If you want to be on a prime block, you can't have everything'
▼ + stars: | 2023-06-06 | by ( Hana R. Alberts | ) www.businessinsider.com time to read: +4 min

A tiny New York City studio with no bathroom and $2,350-a-month rent was quickly snapped up. "If you want to be on a prime block," a student who bid on it said, "you can't have everything." But does a 77-square-foot studio apartment in New York City — which has no kitchen, a shared bathroom in the hallway, and recently rented for $2,350 after a bidding war — count? Homes like these, however, are actually relatively common in New York City. "This apartment has allowed me to live in the center of NYC, which was a priority for me.

Persons: —, David Brand, Gothamist, Omer Labock, Brand, Labock, Douglas, Gothamist's Brand, Alaina, haven't, they'd, Hendrix, fryer Organizations: New York City, Greenwich Village, Service, TikTok, Zillow, Pace University, New York, New, Via, Hendrix, futon Locations: New York, Greenwich, Manhattan, it's, New York City, St, —

☆ Crumbs Cupcake Shop Owners Say They Don't Regret Selling the Business
▼ + stars: | 2023-06-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The couple behind Crumbs Bake Shop said they don't regret selling it even though it eventually failed. The couple bought the Crumbs brand back again seven years after it went bankrupt. Gus Lubin / Business Insider"We watched from the sidelines as the business suffered," Jason told Insider. After Crumb's collapse, Jason started a real estate brokerage that he operated for three years. Jason said he enjoyed his WeWork stint, but their cupcake business was always at the back of the couple's minds.

Persons: —, Jason, Mia Bauer, Gus Lubin, Mia, WeWork Organizations: Service, New, Girls Scouts, Fischer Enterprises Locations: New York, WeWork

☆ Airbnb is suing New York City over short-term rental rules. The outcome could disrupt your next vacation in cities across the US.
▼ + stars: | 2023-06-02 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

In 2022, New York City passed a law that imposed restrictions on short-term rentals. On Thursday, Airbnb, along with a trio of local hosts, sued New York City, filing two separate lawsuits in Manhattan's state court. The more properties are turned into short-term rentals, the fewer housing options are available for actual residents. This isn't the first time Airbnb has battled short-term rental rules, and the court's ruling may affect how lawmakers approach the issue. In 2020, the company agreed to settle a dispute with New York City over a 2018 law that attempted to curb the practice.

Persons: Airbnb, Karen Dunn, Dunn, Gia Briscoe, Eric Adams Organizations: Morning, New York City's, New Locations: New York City, New York, Airbnb, Cities, Brooklyn, New Orleans, Florence

☆ Manhattanhenge is coming to New York City tonight. Here's where to see it best.
▼ + stars: | 2023-05-29 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Manhattanhenge is happening in New York City on Monday. It's the phenomenon where the setting sun perfectly aligns with the city's street grid. The astrophysicist Neil deGrasse Tyson coined the term. The term Manhattanhenge was coined by the popular astrophysicist Neil deGrasse Tyson, a native New Yorker. The Tudor City Overpass in Manhattan and Hunter's Point South Park in Queens are two more scenic spots, he says.

[1/2] Sayfullo Saipov, the suspect in the New York City truck attack is seen in this handout photo released November 1, 2017. Saipov used a Home Depot rental truck to mow down people on a path along the Hudson River on Manhattan's West Side, according to prosecutors. He had hoped to the attack would help him gain membership in Islamic State, or ISIS, they said. Most of the people scheduled to speak at the hearing are traveling from Argentina and Belgium. Reporting by Luc Cohen in New York and Brendan O'Brien in Chicago; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

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