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In yearly address, Mayor Bloomberg makes push to develop Kingsbridge Armory

Reuven Blau New York Daily News 01/12/2012
In his yearly address, Mayor Bloomberg says the city is seeking developers to turn the Kingsbridge Armory in the Bronx into a vibrant retail mecca or mixed-used space.

A sweeping transformation of the vacant Kingsbridge Armory took center stage in Mayor Bloomberg’s yearly address. Hizzoner said that once again the city is seeking developers to turn the former Bronx military post into a vibrant retail mecca or mixed-use space.

Future Publishing sells New York operation for $3m

Future Publishing has sold off its loss-making New York operation – home to magazines including Guitar World, Revolver and Guitar Aficionado – in a deal worth $3m (£1.9m).

Kohl's Department Stores Expands Its New York City Design Office

New Santa Monica Design Studio Establishes Presence on the West Coast

Deutsche Boerse's NYSE deal seen heading for the rocks

Edward Taylor and Andreas Kroener Reuters 01/10/2012
Deutsche Boerse's NYSE deal seen heading for the rocks

Deutsche Boerse AG's last-ditch lobbying efforts in support of its proposed takeover of NYSE Euronext look set to fail, leaving the deal heading for the rocks with European antitrust regulators expected to block the deal

Trump proposal for New York City golf course faces critics

Real estate developer Donald Trump wants to build a top level golf course on a former New York City landfill, but some watchdog groups balked on Tuesday over the potential cost to taxpayers.

Wall Street Weighs Pay Freeze on Junior Bankers

Jeffrey McCracken and Christine Harper Bloomberg.com 01/09/2012
Wall Street Weighs Pay Freeze on Junior Bankers

Wall Street’s biggest firms, facing a slump in investment-banking revenue, are considering freezing compensation levels for some junior bankers, according to people familiar with the deliberations.

Starbucks Raises Prices in New York to Recoup Higher Costs

Starbucks Corp., the world’s biggest coffee shop operator, raised prices on certain beverages in the U.S. Northeast, South and Southwest to recoup higher costs.

New York Public Library Is in Talks to Sell Space

ROBIN POGREBIN The New York Times 12/18/2011
New York Public Library Is in Talks to Sell Space

The New York Public Library is negotiating to sell five floors at 188 Madison Avenue, the former B. Altman department store at 34th Street.

New York City Faces 'Extreme Downside Risk' From European Debt Crisis: Report

New York City's economy faces an "extreme downside risk" from Europe's debt crisis because its banks hold over $1 trillion of assets in the city, where they are active lenders, according to a new report released on Thursday.


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