The private equity firm Blackstone now owns more marinas than anyone in the world.
Category: Real Estate (Commercial)
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As the Rich Buy Bigger Boats, Private Equity Is Investing in the Booming Marina Business
The New York Times – Business: -
They Built a Shrine to Cable TV. Then Everyone Cut the Cord.
The New York Times – Business:They set out to celebrate the power and prestige of an industry that spanned MTV, HBO and Nickelodeon. Now, as cable’s fortunes have waned, the institution is changing, too.
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There Is Still a Void at Ground Zero. Here’s How We Fill It.
The New York Times – On the Runway:At 25 years, the World Trade Center is an undeniable feat of urban redevelopment. Now we can make it a real neighborhood.
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China Sentences Evergrande Founder to Life in Prison
The New York Times – Business:Hui Ka Yan’s punishment caps the downfall of a property empire whose collapse set off a prolonged crisis in the Chinese economy.
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A Maine Town, Once Dependent on a Paper Mill, Tries to Move On
The New York Times – Business:For over a century, Madison Paper Industries was a small Maine town’s economic engine. A new owner moved in, but uncertainty persists.
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Pacific Palisades Shopping Center Is Preparing to Reopen
The New York Times – Business:Rick Caruso, the billionaire real estate developer and former Los Angeles mayoral candidate, is reviving a property still surrounded by burned-out lots.
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The Ultra-Rich Are Moving to Miami, and Want Their Money Managers There, Too
The New York Times – Business:Tax incentives, among other benefits, have drawn the ultrawealthy to the city. And they need space for the firms that manage their money.
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A New York Hair Salon, Happily Stuck in 1986
The New York Times – Fashion & Style:All around it, luxury boutiques attract a wealthy crowd. But Anonymous Hair Salon hasn’t changed much since opening all those years ago.
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New Yorkers Say Farewell to the REI SoHo
The New York Times – Fashion & Style:Customers gathered to mourn as the outdoor equipment retailer shuttered its location in the famed Puck building in SoHo, where it had been for 15 years.
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Welcome to the Luxury City Built by Taiwan’s A.I. Boom
The New York Times – Business:Fortunes, luxury buildings and birthrates are rising in the city at the center of Taiwan’s chip supply chain.
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Colby College Is Stepping In to Save a Maine Town on the Brink of Disaster
The New York Times – Business:A new rescuer — Colby College, bankrolled by a construction magnate — will vastly change not just the economics of Port Clyde, Maine, but also its cultural and physical fabric.
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China’s Housing Slump Shows Signs of Bottoming Out. We’ve Been Here Before.
The New York Times – Business:Property prices in Shanghai, in particular, are rebounding, but the national market still faces an enormous overhang — 90 million empty or unfinished apartments.