MTA to Buy Grand Central Terminal for $35M
Nov15

MTA to Buy Grand Central Terminal for $35M

The agency announced yesterday that its finance committee approved the purchase of Grand Central and Metro-North Railroad’s Harlem and Hudson lines from Midtown Trackage Ventures, which has owned the assets for nearly a decade and leased them to the MTA, according to a press release. It expects the full board to approve the plan on Thursday. MTA’s purchase of the landmarked Grand Central will cut short its 280-year lease with Midtown...

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Amazon to pick NYC, Northern Virginia for split ‘HQ2′: source
Nov14

Amazon to pick NYC, Northern Virginia for split ‘HQ2′: source

WASHINGTON (Reuters) – Amazon.com Inc <AMZN.O> will on Tuesday announce it has selected New York and Northern Virginia for its second headquarters, a source told Reuters, ending a more than year-long contest that has seen frenzied bidding from locales across North America. Amazon’s plan to split its second headquarters, dubbed “HQ2″, evenly between two cities will boost its presence around New York and...

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Few ‘bad’ landlords causing most pain for tenants, according to a new report
Oct25

Few ‘bad’ landlords causing most pain for tenants, according to a new report

A relatively small number of “bad” landlords have a dramatic impact on tenants and the roughly $300 million the city spends annually triaging their behavior with repairs, legal remedies and services for the homeless, according to a new report. The Regional Plan Association released an analysis  Wednesday noting that less than 2 percent of residential buildings in the city are managed by “bad” landlords, but...

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Amazon distribution center coming to Queens
Oct24

Amazon distribution center coming to Queens

While it may be some time before we know if Amazon HQ2 willset up shop in New York City, the online retailer is increasing its footprint in the city another way: It’s opening an Amazon distribution center in Queens. The forthcoming Amazon distribution center will be located in Bulova watch’s former headquarters at 26-15 Boody St. in Woodside, The Real Deal reported last week. The campus sits on three acres and includes an...

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Lyft All-Access Plan arrives across the US
Oct23

Lyft All-Access Plan arrives across the US

Whether it’s for food delivery, makeup or Netflix and chilling, we Americans love our subscription services. And now, Lyft is getting into the mix with the arrival of Lyft All-Access. Starting Tuesday, Oct. 16, Lyft users across the United States will be able to subscribe to the Lyft All-Access Plan, which locks in 30 rides at up to $15 each for a $299 monthly charge. The subscription also enables them to receive 5 percent off of...

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