NEW YORK — Within days, Donald Trump could potentially have his sprawling real estate business empire ordered “dissolved” for repeated misrepresentations on financial statements to lenders, adding him to a short list of scam marketers, con artists and others who have been hit with the ultimate punishment for violating New York’s powerful anti-fraud law. An…
HONG KONG — Asian markets opened the week on a positive note, with Chinese regulators announcing measures to support the country’s teetering stock markets while heavily indebted property developer China Evergrande was ordered to undergo liquidation. U.S. futures were lower while oil prices gained. China’s securities regulator announced on Sunday that beginning Monday, China will…
Court orders property developer China Evergrande Group to liquidate after it was unable to reach a deal with creditors
HONG KONG — A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a “lack of progress on the part of…
MIAMI — Taylor Swift was born in 1989. Travis Kelce wears jersey No. 87. American Airlines took notice. Whether you’re a Swiftie or a member of Chiefs Kingdom, if you need flights from Kansas City to Las Vegas and the Super Bowl on Feb. 11, a few flight numbers might catch your eye. Flight 1989…
New York restaurant owners have a tip for lawmakers: don’t change the rules about wait staff gratuity. A whopping 95% of restaurateurs oppose a legislative campaign to eliminate the tip credit system that allows owners to pay wait staff who earn tips less than minimum wage, according to a new survey by the NYC Hospitality…
A projection in Finland says Alexander Stubb wins the first round of the presidential election to set up a Feb 11 runoff
The return-to-office trend gained steam in December when average visitation rates at 350 Manhattan buildings rose to 67% of 2019 rates, according to the Real Estate Board of New York. That was up from the 65% recorded in November — and would have been 74% if the sleepy last week of December between Christmas and New…
Talk about confidence in Sixth Avenue! While some Midtown restaurateurs claim they’re struggling, Del Frisco’s Double Eagle Steakhouse — a three-level, 25,000 square-foot jumbo at 1221 Sixth Ave. — just renewed its lease with long-time landlord Rockefeller Group for 20 more years. The 2.6 million square-feet office tower above the steakhouse is more than 99 percent leased while…
Dock 72 needed some good news — and it got it. Developers Boston Properties and Rudin snared Pratt Institute as a new tenant. The 62,570 square-foot lease will bring to the Brooklyn Navy Yard cutting-edge waterfront office building Pratt’s new MFA studios, which will have the entire third floor. The venerable private college will move…
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