One of the best things about the commercial real estate business is that the mortgage almost never comes due. At least for developers and landlords. Typically, they pay off only the interest on an…

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An annual rite of summer will soon be at hand: the Nathan’s hot dog–eating contest. Competitive eaters from all over the world will converge on Coney Island July 4 to stuff themselves…

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Goldman Sachs CEO Lloyd Blankfein said today that the Trump administration’s mounting trade war with China “does not make any sense.”

Blankfein said, from the perspective of a professional…

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The mayor and the City Council last week agreed on a budget for the next 12 months that spends a lot of money but puts aside some for when the economy—and tax revenue—goes down. Gov….

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Earlier this month, Tech:NYC executive director Julie Samuels argued in Crain’s that the city’s hostility to Airbnb could send a message that New York is anti-tech and hurt the…

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One figure stands out in Thursday’s report from the state Labor Department on jobs and unemployment: 3,600. The city is that many jobs away from being able to boast—and boast is the right…

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U.S. stocks are mixed Wednesday after the Federal Reserve raised interest rates and said it expects to increase rates two more times by the end of the year. Banks are rising, as they stand to make…

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The debate is still raging over whether the tax law signed by President Donald Trump late last year is good for New York. But there’s no question it caused many people with complicated financial…

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The U.S. Securities and Exchange Commission appears on track to remove hurdles for exchange-traded funds getting to market. But the trillion-dollar industry is still asking the billion-dollar…

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Broadway, which wrapped up its season on Sunday with the Tony Awards, reached new highs for ticket sales and revenue, and I am one of the reasons. The season has been expensive but worth…

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