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
- State budget includes funding for Pacific Park, leaves out PILOT for Brooklyn Marine Terminal – Crain's New York
State budget includes funding for Pacific Park, leaves out PILOT for Brooklyn Marine Terminal Crain's New York - Former Brooklyn monastery could transform into housing – Crain's New York
Former Brooklyn monastery could transform into housing Crain's New York - Saks poised to emerge from bankruptcy and award bonuses to top execs – Crain's New York
Saks poised to emerge from bankruptcy and award bonuses to top execs Crain's New York
New York Business Journal
- West Bottoms will get public park, first new apartments by end of 2026 – The Business Journals
West Bottoms will get public park, first new apartments by end of 2026 The Business Journals - ATG Entertainment more than doubles Hell's Kitchen office space – The Business Journals
ATG Entertainment more than doubles Hell's Kitchen office space The Business Journals - SL Green taps Japanese partner for office tower near Grand Central – The Business Journals
SL Green taps Japanese partner for office tower near Grand Central The Business Journals
Bloomberg Markets
- China’s Wuxi Taclink Is Said to Mull Rare Listing in Singapore
Wuxi Taclink Optoelectronics Technology Co. is considering a listing in Singapore, a potential first for any company that already trades shares in mainland China, according to peo… - Dollar Downtrend Primed to Kick Back In: 3-Minutes MLIV
Joumanna Bercetche, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg) - US Bitcoin ETFs Bleed $2.8 Billion in Longest Outflow Streak
Investors pulled money from US spot-Bitcoin exchange-traded funds for a ninth straight session, the longest run of withdrawals since the products debuted, underscoring a cooling i…
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
- Erewhon owes $275K in unpaid rent to LA landlord — as insane monthly dues revealed: suit
Erewhon signed the lease in 2021, opened the location in 2023, and is committed to the space through 2038. - Forget bonus season, ultra-luxury real estate firms now plan listings around tech IPOs
Demand for nine-figure properties in Florida is surging. - With nearly $1 trillion valuation, Anthropic dethrones OpenAI as most valuable AI company
Anthropic is now the artificial intelligence king in Silicon Valley – unseating rival OpenAI as the most valuable AI company after a new whopping $965 billion valuation. The AI g…
Commercial Observer
- Speaker Spotlight: Adam Greene of RXR
Adam Greene, Executive Vice President of Development at RXR, joined Commercial Observer’s Future of New York Forum to discuss the future of New York City’s real estate market, inc… - Virtual Reality Simulator SkiPod to Open Store at 572 11th Avenue
SkiPod, an indoor virtual reality skiing and snowboarding simulator, has selected Eenhoorn’s 572 11th Avenue for its newest home. The company’s digital slopes will occupy a 3,790… - Walmart Pays $223M for SoCal Cold-Storage Facility
One of the world’s largest companies has acquired a building in Southern California that it uses for its grocery and food distribution in a deal that’s equal to roughly $440 a squ…
The Real Deal New York
- PolicyPro: Development deals hit Council roadblock, new charter commission eyes housing rules
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… - Rotem Rosen nabs $135M in Israeli bond financing for NYC hotel, Miami site
The Israeli bond market spigot has turned back on. Rotem Rosen’s MRR Development secured $135 million from the Israeli bond market to refinance its Hotel Indigo on New York City’s… - Gary Barnett’s next Midtown move?
Is Gary Barnett at it again? A Midtown office building that the Extell principal has been eyeing for his growing assemblage has been hit with a pre-foreclosure suit filed by a con…
City & State New York
- Quick take: New York state budget winners and losers – Spectrum News
Quick take: New York state budget winners and losers Spectrum News - Upstate N.Y. cities receive millions from state budget to help with deficits – Spectrum News
Upstate N.Y. cities receive millions from state budget to help with deficits Spectrum News - New York commits millions to close upstate cities' budget gaps – WXXI News
New York commits millions to close upstate cities' budget gaps WXXI News