Ask a New York City real estate agent how they feel about Amazon’s reversed plans to bring its second headquarters to the area and they will have some pointed words. “This was the biggest unforced error in the city since they let the Dodgers leave Brooklyn,” said Jason Haber, an agent at Warburg Realty Partnership.
GettyGetty I am often asked what my real estate acquisition team looks for when we obtain investment properties for our funds. It’s a complicated formula that takes into account a dizzying number of variables, including alignment of the specific fund’s strategy and objectives, the real estate cycle and the realities of current market demands. But
ASSOCIATED PRESS House Ways & Means Committee Chair Richard Neal (D-MA) reportedly is about to make a formal request for 10 years of President Trump’s tax returns. But what specific tax documents does the committee need to review to fulfill its oversight responsibilities? I believe Neal should request both personal and business tax returns. With
Despite worries of an economic downturn, one sector is poised for another year of solid growth in 2016, according to one study. Bolstered by trends including acceleration in business spending, the franchise industry is set to grow by 1.7 percent in 2016, according to the study by the International Franchise Association. The annual outlook follows
When Amazon pursued the rights to a “Lord of the Rings” series in 2017, the company knew it would have to overcome some major obstacles to lure the J.R.R. Tolkien estate to its video-streaming platform. Amazon was a relative newcomer in video, with no track record of shepherding a blockbuster series. HBO, meanwhile, could tout
Shares of Barnes & Noble slid more than 13 percent Thursday after the company reported flat sales during the crucial holiday season and warned investors that its full-year earnings will be weaker than previously estimated. Barnes & Noble lowered its earnings guidance for the rest of fiscal 2019, saying it expects fiscal earnings before taxes
Credit: Getty Royalty FreeGetty The tax law overhaul axed or curtailed a number of long-prized business deductions, like the one for a home office. Also on the hit list was the break for business entertainment. But as Bruce Bell, an attorney at the Chicago office of Schoenberg, Finkel, Newman and Rosenberg, shows, there are ways to
Sam Zell, the billionaire businessman and philanthropist, believes the wealth redistribution ideas of far-left Democrats, such as freshman firebrand Rep. Alexandria Ocasio-Cortez, won’t work because Americans would rather earn success than get handouts. “Everyone in America wants to be rich. Everybody in America wants to succeed,” Zell told CNBC on Wednesday. “That’s, by the way,
“Captain Marvel” started beating box office expectations before the weekend was even over. The Marvel superhero flick, the first of which to feature a female lead, was slated for a conservative $125 million opening. However, after a strong Thursday and Friday at the box office, Disney now expects the film to haul in between $145
The unemployment rate fell to 3.8 percent in February, according to the Labor Department. But a broader measurement says the jobless rate plunged to 7.3 percent last month. The 3.8 percent figure is known as the U-3 rate, which is defined as “total unemployed, as a percent of the civilian labor force.” But this number
The market rebound on Friday is worth celebrating given that Wall Street had its worst week of 2019, CNBC’s Jim Cramer said. Businesses added 20,000 jobs in February, far short of the 170,000 that economists forecast, but the market shrugged it off, he said. The Dow Jones Industrial Average originally fell 221 points before closing
GettyGetty How focused are you on the needs of your community? When launching a new business venture or even growing an existing one, this is perhaps the most impactful question you can ask about yourself and your company. It’s our duty as leaders to dig in, identify hidden needs and discover new ways to better
You don’t become the first African-American woman to own a billion-dollar company overnight. The journey of ACT-1 Group founder and CEO Janice Bryant Howroyd began during the battles over civil rights. When Howroyd enrolled in an integrated school in the Deep South, she said, her teacher spoke about how blacks were well suited for slavery.
Eventbrite shares plummeted after the company issued first-quarter revenue outlook well below Wall Street projections. The company said it sees first-quarter revenue between $80 million and $84 million. That’s far short of the $91 million analysts polled by Refinitiv had forecast. The stock fell as much as 25 percent in after-hours trade. It was last
With the odds stacked against players hitting the Powerball jackpot, the only guaranteed eventual winner is Uncle Sam. The top prize has jumped to an estimated $381 million for Wednesday night’s drawing, following more than two months of twice-weekly drawings with no jackpot winner. Your chance of matching all winning numbers is about 1 in
A family feud over restaurant Palm Steakhouse has led the company to bankruptcy court. Just One More Restaurant, the company that licenses the Palm name to more than 20 restaurants in the U.S. and Mexico, entered Chapter 11 bankruptcy protection on Thursday, according to Thursday filing with the U.S. Bankruptcy Court in Fort Meyers, Florida.
Pro Golfer Fred Couples’ goal was for the course at Twin Dolphin to be enjoyed by people of all levels of playing ability, from beginners to extremely advanced players.Courtesy of Twin Dolphin Golf Club Near the shore of Santa Maria Bay between Cabo San Lucas and San Jose del Cabo at the southern tip of
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether it’s possible to suspend a benefit when returning to work, pros and cons of filing a restricted application, how survivor benefits after filing early, house sales effects on
As Ohio voters cast ballots in Tuesday’s presidential primary, the economy — specifically manufacturing jobs — will be front and center on many voters’ minds. “We have to have a strong manufacturing base for this country to survive,” said Brandon Lamoncha, sales manager and solution provider at Humtown, a third-generation, family owned manufacturer in Columbiana,
Planet Fitness and Weight Watchers‘ stocks for years have been boosted by healthy trends, but the latter is now carrying too much risk to recommend, CNBC’s Jim Cramer said Friday. The “image-obsessed culture” of selfies and Instagram make people feel “under a lot of pressure to look good,” but shares of the nutrition company are