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August 28, 2024

NYC’s Hotel Safety Bill Would Kill Small Operators, Hoteliers Warn

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Hospitality operators and owners in New York City say a city council bill poses an existential threat to many of the city’s hotels.

NYC’s Hotel Safety Bill Would Kill Small Operators, Hoteliers Warn

The Safe Hotels Act, a bill introduced by City Council Member Julie Menin in mid-July, has caused an uproar among hotel owners, who say its labor requirements and proposed licensing process will place the city’s entire industry in a stranglehold.The bill, Int. 991, would mandate that hotel owners obtain…

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Bungalow Projects To Build Movie Production Studio In Bushwick

A new movie studio is coming to Bushwick, one of Brooklyn’s trendiest neighborhoods. 

Bungalow Projects To Build Movie Production Studio In Bushwick

Developer Bungalow Projects, alongside private equity firm Bain Capital, filed plans to build a 300K SF facility at 242 Seigel St., The Real Deal reported.The assemblage for the studio cost nearly $50M. The project is expected to be completed in the first…

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‘You Have To Amputate A Leg To Save The Heart’: Why Developers Need The Right Legal Support Amid Bankruptcy

PRESENTED BY:   Jacobs P.C.
 
‘You Have To Amputate A Leg To Save The Heart’: Why Developers Need The Right Legal Support Amid Bankruptcy

When Leo Jacobs works with commercial real estate developers, the process goes beyond offering basic legal advice.“A lot of our clients feel as though they grew a large portfolio with millions of square footage, and if they can’t save those properties, they’re losing their life’s work,” Jacobs said. Jacobs, the founder…

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This Week’s N.Y. Deal Sheet

This Week’s N.Y. Deal Sheet  

Leasing and financing picked up steam in New York City this week, with deal volume increasing and even a few larger sales closing before the long Labor Day weekend.

TOP LEASES Cosmetics company E.l.f. Beauty tripled its footprint at Meysar Realty Corp.’s 16 W. 22nd St., according to a release. The tenant signed a 26K SF expansion to two additional floors in the 12-story property in the Flatiron District, bringing its total space in the building to 39K…

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REPORT: Rothschild To Depart Chicago, Move Operations To NYC

REPORT: Rothschild To Depart Chicago, Move Operations To NYC  

Rothschild & Co. will reportedly shutter its downtown Chicago office and take operations to New York, the second time in two weeks the French financial giant has moved to close and consolidate U.S. offices.

The firm has been scaling back its North American footprint amid a drop in deal volume, Bloomberg first reported, citing sources with knowledge of the situation. It will close its office at 77 W. Wacker Drive while transferring an unknown number of staffers to New York. The timing…

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