On Sunday the leader of New York City drew the plug from his re -election campaign.
After months of speculation – and years of scandals – Eric Adams officially dropped his offer to come back as mayor of New York City.
While Adams opposed pressure to leave the race, his departure felt inevitable when he had trouble keeping the polls with three other candidates. A collaboration on a candidate to compete with Zohran Mamdani has long been a Clarion call among Watchers.
Adams has left in Gracie Mansion for a few months, but the Real Deal columnist Erik Engquist evaluated the real estate legacy that the 110th mayor will leave.
While Adams fell out of the race, the New York Mets placed the last nail in the coffin of a collapse that left the team from the MLB play -offs. But this week not all was bad for owner Steve Cohen.
His plan for a casino complex of $ 8 billion goes to the last round of the Casino License competition of the state after a Community Advisory Committee had unanimously voted to promote the Metropolitan Park, a project that would transform 50 hectares of parking spaces next to Citi Field.
That leaves a list of four contenders for three downstate gaming letters: MGM Empire City in Yonkers; Queens Aqueduct Casino, managed by Resorts World; And Bally is in Throggs Neck.
Most expect that the state of MGM and Resorts World Two will grant from the licenses because they both already operate as Racinos. That would leave Bally’s and metropolitan park proposals that compete against each other for the last license.
On a legal front, Meyer Chetrit criminal was sued in Manhattan for harassing rental-regulated tenants in Chelsea, accused of conducting a five-year campaign of intimidation against two Septuagenarians to force them out of their building.
The charges include two counts of intimidation of a rental-regulated tenant in the first degree, a class E crime with a maximum punishment of four years in prison.
Get excited, connoisseurs of Swedish meatballs. An entity that was connected to IKEA bought 529 Broadway in Soho from Jeff Sutton for $ 213 million. It is a commercial building of 58,000 square feet occupied by Nike.
The investment group is planning to open an IKEA location on the first and second floor, a total of 25,000 square feet.
Also important This week the developers behind the conversion of the iconic Flatiron building unveiled the first prizes of the project, with the projected sale $ 375 million for 18 of the 35 residential units.
Prices for the available units start slightly less than $ 11 million; The two most expensive apartments require $ 48 million and $ 50 million.
The Brodsky organization and the Sorgente Group are the developers, while Corcoran Sunshine Marketing Group handles the sale that seem to have started.
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Eric Adams falls from mayor race
Mayor Adams’ real estate inheritance will endure even if few remind him for that
The Casino proposal from Steve Cohen continues to the last competitive round
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