More than 18 months ago, the Manhattan district attorney’s office opened yet another investigation into fraud in the city’s $62 billion construction industry, this one involving Bloomberg L.P., the financial information and media company owned by former Mayor Michael Bloomberg, who is considering running for president in 2020. As investigators peeled back the complex layers of contracts, […]
It has been four months since the introduction of President Donald Trump’s tariffs and the start of a trade war with China. While the president agreed at the G20 Summit to halt new trade tariffs for 90 days to allow for negotiations, levies on steel, aluminum, ceramics and many other building supplies continue to have […]
There is still an abundance of capital chasing real estate deals in New York City, but despite the eagerness of lenders to give construction loans, the realities of building in New York in 2019 mean not many projects will make economic sense. Tishman Speyer scored one of the biggest finance transactions of 2018 when it nabbed […]
