Daily digest from New York business publications and financial media. Manhattan Business Club publishes short summaries with links to the original sources.
Crain’s New York Business
- SL Green sells 49% stake in office project next to Grand Central – Crain's New York Business
SL Green sells 49% stake in office project next to Grand Central Crain's New York Business - Even Trump Wants to See the Knicks as Finals Tickets Hit $3,500 – Crain's New York Business
Even Trump Wants to See the Knicks as Finals Tickets Hit $3,500 Crain's New York Business - Port Authority rethinking 5 World Trade Center due to building material costs – Crain's New York Business
Port Authority rethinking 5 World Trade Center due to building material costs Crain's New York Business
New York Business Journal
- Developer signs 50-year lease for Park Slope site eyed for 11-story residential project – The Business Journals
Developer signs 50-year lease for Park Slope site eyed for 11-story residential project The Business Journals - New York lawmaker moves to regulate prediction markets as industry explodes – The Business Journals
New York lawmaker moves to regulate prediction markets as industry explodes The Business Journals - NYC insurance AI startup Pace raises $46M just months after previous round – The Business Journals
NYC insurance AI startup Pace raises $46M just months after previous round The Business Journals
Bloomberg Markets
- SocGen CEO Krupa Says Bank’s Efficiency Is ‘at Bottom of Class’
Societe Generale SA Chief Executive Officer Slawomir Krupa, who’s been at the top for three years, vowed to keep restructuring the bank as it continues to lag in some areas. - Aluminum Market Tightness Could Continue for 'Long Time,' Morgan Stanley Says
Amy Gower, metals and mining commodities strategist at Morgan Stanley, discusses the impact of the Iran war on aluminum prices. Speaking on Bloomberg Television, she warns the mar… - Fish-Feed Maker BioMar Rises in Biggest Denmark IPO in Years
BioMar Group A/S rose in its first day of trading after Copenhagen’s largest initial public offering since Netcompany Group A/S listed in 2018.
MarketWatch MarketPulse
- Jobless claims fall to lowest level since mid-May
- Jobless claims stay low in latest week
- Consumer credit growth soars in December
New York Post Business
- Italian luxury car brand released its new EV — fans are triggered over its Silicon Valley design
Ferrari’s first all-electric supercar is getting roasted — with furious gearheads blasting the sleek new ride as an “iPhone on wheels” that risks turning the legendary Italian bra… - New York poised to make it easier for bars, restaurants to allow dancing: ‘The dance police is over’
Wanna dance with somebody? The New York State Liquor Authority is poised to let bars and restaurants allow their customers to dance without risking their liquor licenses, nearly a… - Fresh hell for California’s crippled wine industry as values hit rock bottom
The bleak outlook comes as analysts say the US wine market is shrinking fast amid changing drinking habits and economic strain.
Commercial Observer
- SL Green Sells 49% Stake in 346 Madison Avenue to Mori Building Co.
SL Green Realty has sold a 49 percent stake in 346 Madison Avenue to Japanese developer Mori Building Company at a gross valuation for the office tower of $175 million, SL Green a… - What Mayor Mamdani’s New Housing Plan Misses
For more than a decade, New York politicians have approached the housing crisis with a fundamentally flawed assumption: that affordability can be legislated into existence without… - Bridge City Capital Provides $21M Loan for Greenpoint Dev Site
Developer Yossel Lichtman of Rogers Builders & Development has secured a $21 million acquisition and construction loan to finance his recent purchase of a parking lot in Greenpoin…
The Real Deal New York
- PolicyPro: SEQRA reform goes live, pied-à-terre tax set for July start
This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. Hey there, let’s get into today’s news at the intersection… - SL Green brings Mori Building in as partner on Madison Ave office development
SL Green brought its frequent partner Mori Building in to help develop its latest office tower. The REIT sold a 49 percent stake in the project at 346 Madison Avenue to Mori Build… - Mamdani reveals his “bad landlord” playbook
Mayor Zohran Mamdani wants to put “bad” landlords out of business. For months, the mayor’s tenant-focused vision has been coming into focus. The administration’s full strategy be…
City & State New York
- State Budget Thrashes Landmark Climate Law – New York Focus
State Budget Thrashes Landmark Climate Law New York Focus - It’s time for Zohran’s Charter Revision Commission – City & State New York
It’s time for Zohran’s Charter Revision Commission City & State New York - Mamdani plan to save NYC $500M by delaying class size law not in state budget – New York Daily News
Mamdani plan to save NYC $500M by delaying class size law not in state budget New York Daily News