Category: Real Estate (Commercial)

How Wall Street’s Big Bets on A.I. Are Driving Interest in Huge Parking Lots

J.P. Morgan, Blackstone and other financial giants are buying “industrial outdoor storage,” sites vital to logistics, trade and the construction of data centers.
Trump Organization Is Poised to Lose Bid for Central Park Skating Rink

President Trump’s company had tried to regain control of Wollman Rink, a city-owned property that it operated for more than three decades.
Stephen Muss, Developer Who Helped Revive Miami Beach, Dies at 97

The scion of a New York family of builders, he rescued the Fontainebleau hotel from bankruptcy, spurring a real estate boom.
It Was Supposed to Connect Segregated Neighborhoods. Did It Gentrify Them Instead?

The Atlanta BeltLine turned a mostly derelict 22-mile loop around the city into a wildly popular — and profitable — urban park. It also contributed to displacing longtime residents.
America Closed Malls, but China Kept Building Them. Now It Has Too Many.

The first closing of an Apple Store in mainland China hints at broader troubles facing the country’s shopping malls as developers open more of them despite a glut.
Why Three Wealthy Bidders Are Fighting for What’s Left of Hudson’s Bay

Months after the shutdown of the 355-year-old Hudson’s Bay Company, the legal action it created continues apace.
The A.I. Spending Frenzy Is Propping Up the Real Economy, Too

The trillions of dollars that tech companies are pouring into new data centers are starting to show up in economic growth. For now, at least.
5 Years On, China’s Property Crisis Has No End in Sight

The government had set out to slow speculation, kicking off a slowdown in real estate values that is still grinding on with wide economic consequences.
This Is the End of China’s Once Mightiest Property Firm

China Evergrande, set to be delisted from the Hong Kong Stock Exchange on Monday, leaves behind a giant pile of debt and long line of desperate creditors.
Gregory C. O’Connell, Developer Who Revived Red Hook, Dies at 83

A former N.Y.P.D. detective, he rejuvenated properties on the Brooklyn waterfront and restored a historic village in upstate New York.
Big Tech’s A.I. Boom Is Reordering the U.S. Power Grid

Electricity rates for individuals and small businesses could rise sharply as Amazon, Google, Microsoft and other technology companies build data centers and expand into the energy business.
Manhattan Has More Secure Buildings Than Most Cities. That Wasn’t Enough.

Decades of threats have heightened security in New York City. But Monday’s attack in a Park Avenue office building shows the limits of preparedness.