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Monroe Capital paying more for another floor at 320 Park Ave.

Demand for prime Park Avenue is so great, one expanding financial company was willing to lease offices on two non-contiguous floors – and to pay more for the second one. After Munich Re bought out its 320 Park Avenue partner Mutual of America late last year to assume 100% ownership of the tower, as we first reported,...

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As migrants exit Roosevelt Hotel, coveted building faces a whole new development

The Roosevelt Hotel site will most likely be sold by Pakistan International Airlines for a new office tower, sources said, despite recent chatter to the contrary. The city emptied migrants from the building bounded by Madison and Vanderbilt avenues and East 45th and East 46th streets this month. Major developers have champed at the bit...

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Zohran Mamdani doubles down on plan to target ‘whiter neighborhoods’ with higher taxes — and says billionaires shouldn’t exist

Socialist New York City mayoral candidate Zohran Mamdani doubled down on his plan to jack up property taxes on “richer and whiter neighborhoods” on Sunday — and also asserted that billionaires shouldn’t exist. Mamdani claimed that his soak-the-rich proposal was “not driven by race” — despite his campaign platform explicitly targeting white homeowners. “That is just a...

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