Former Vornado exec to face embezzlement trial in April
The former Vornado Realty Trust leasing executive charged with stealing millions from Steve Roth’s REIT will have his day in court. Jared Solomon’s trial on federal fraud charges has been scheduled for April 14 at the U.S. District Court in Lower Manhattan. Solomon was arrested in December 2024 and
Rent Guidelines Board says buildings’ net income climbed by 6%
Advocates, start your engines. The race to a rent freeze has begun. The Rent Guidelines Board, which controls prices for rent-stabilized apartments, on Thursday released its annual report on landlord profits and expenses. This year’s Income and Expense Study found buildings’ net operating income —
Thor drops $56M on NoMad office, retail building
It’s proving to be a busy week for Joe Sitt’s Thor Equities. The firm purchased the retail and office building at 1165 Broadway in NoMad from David Haddad for $56 million, the Commercial Observer reported. The deal for the 58,000-square-foot property breaks down to $965 per square foot. The build
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