Real estate’s next legislative priority: insurance reform
Developers and owners who flocked to the Somos conference in Puerto Rico are optimistic that this will be the year they can get lawmakers to deliver some relief for skyrocketing insurance costs. Liability claims related to “slip and fall” cases have reached a fever pitch in New York, impacting not o
AI startup Modal Labs inks 157K sf lease at Rudin’s 32 Sixth Avenue
AI startup Modal Labs is breathing new life into Rudin’s troubled Tribeca office tower. The AI infrastructure provider signed a 157,000-square-foot lease at 32 Sixth Avenue, a company spokesperson said. The deal spans three floors at the 1.2 million-square-foot office tower. Asking rent and the leng
Jared Solomon gets 11 years for $9M Vornado fraud
Jared Solomon was sentenced to 11 years in prison for the $9.5 million leasing scheme he ran from inside Vornado Realty Trust. Solomon, pale and 20 pounds lighter than when he was last in court in April, wept inside the Federal courthouse in Lower Manhattan Thursday as he expressed remorse for his c
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