350 Park Ave: $4.5B Tower Approved for 2032 Opening
Billionaire Lion's 350 Park Ave project, a $4.5B tower, gets city approval for 2032 opening. It will feature a public plaza, fine-dining, and is anchored by Citadel Securities.
Pressman Family Feud: Tax Fraud Allegations Rock Barneys Empire
Bob Pressman accuses his late mother and siblings of $20M tax fraud, claiming they falsely claimed Palm Beach residency to avoid NY taxes. The lawsuit exposes family disputes and lavish spending.
Park Avenue: Office Leases, New High-Rise & Tragedy
Park Avenue sees largest office lease by Blackstone, Rudin Company plans high-rise with Citadel. Tragedy struck at 345 Park Ave. despite its regained top-dog status after attrition to Hudson Yards.
India Housing Sales: Slight Uptick Despite Yearly Dip
Despite a 20% yearly dip, India's housing sales show a 3% quarterly uptick, fueled by stable prices. Mumbai and Pune lead sales, while Chennai sees annual growth. Inventory remains high.