A Chinese state-run company that owns Manhattan’s Waldorf Astoria is preparing to sell the hotel, The Wall Street Journal reported this week.
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Applications for the city’s three casino licenses were due to the New York State Gaming Facility Location Board last week.
To say housing is the defining issue in current New York City politics is likely a massive understatement.
The MTA plans to raise $2 billion via real estate bonds, backed by the mansion tax, to pay for much-needed infrastructure upgrades.
Manhattan is now home to over 8,000 for-sale apartments, or around 1,000 more than the 10-year average. That’s a 9.8-month supply.