Tag archive for ‘Economy of New York City’
News Brief On Tuesday, October 20th, 2015

Top record price: Blackstone in Deal to Buy NYC’s Stuyvesant Town for $5.3 Billion

Private equity firm said to pay $5.3 billion for complex Agreement made to keep about 5, 000 of the units affordable Stephen Schwarzman’s investment funds Blackstone Group reached an agreement More...

Niva Goldberg On Thursday, September 10th, 2015

BlackRock executive Charles Hallac dies at 50

BlackRock has lost Charles Hallac, co president and a close friend of Larry Fink, after a battle with cancer at age 50. Hallac grew up in a Jewish family in Manila, Philippines.  His wife and their three More...

Citibank
Subrat Kumar Sahu On Wednesday, July 8th, 2015

Citibank Developing Citi Coin Cryptocurrency for Cross-border Payments

Citibank Citibank is developing block chains among its banks and test-coins to run across them. The head of Citi Innovation Labs, Ken Moore confirmed that the bank has been viewing distributed ledger technology More...

News Brief On Monday, June 29th, 2015

Goldman Sachs will lose out on $35 million in fees after the government killed a food merger

  The government shot down Sysco’s planned $3.5 billion takeover of US Foods, and it’s going to cost Goldman Sachs. Goldman was the lone adviser on either side of the deal. The bank stands More...

China’s XIO Group acquires Israeli Lumenis for $510 million

Lumenis Ltd. (Nasdaq:LMNS), was acquired by Chinese investment fund XIO Group for $14.00 per share in cash, for an aggregate purchase price of approximately $510 million. Israel based Lumenis medical company More...

Noam Meir On Thursday, June 11th, 2015

Lloyd Goldman Gets $251 Financing for New Manhattan Tower

– – Lloyd Goldman’s BLDG Management in New York is moving forward with its plans for a new rental tower at 222 East 44th Street in Manhattan. The firm has gotten $251 million in financing for the More...

Noam Meir On Wednesday, May 27th, 2015

SL Green’s One Vanderbilt Gets Green Light at Last

– – The New York City Council is expected to finally give authorization for SL Green to go forward with its plans for a new mega skyscraper in Midtown Manhattan right next door to Grand Central Station More...

Noam Meir On Thursday, May 7th, 2015

Lloyd Blankfein Sued Over Construction Accident at His Hamptons Estate

– – Goldman Sachs CEO Lloyd Blankfein is facing a civil suit over his Hamptons estate. A contractor who was injured while working on additions to his mansion located at 699 Ocean Road in Bridgehampton More...

Jewish Business News On Sunday, May 3rd, 2015

Patricia Goldstein — A Trailblazer for Women in Business — Has Died at Age 69

– – The vice chairman and head of commercial real estate for Emigrant Bank, Patricia Goldstein, who helped to break through the “glass ceiling” for women in her over four decades in banking, More...

Journal Standard On Thursday, April 23rd, 2015

Larry Fink: Contemporary art and luxury apartments are the new gold (GLD)

  A report from Bloomberg  on Tuesday cites comments from Fink at a recent conference in Singapore where the executive said: “The two greatest stores of wealth internationally today is contemporary art More...

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