FiDi’s First Legal Weed Shop Puts Wall Street On A High-Art Trip
A design-forward cannabis dispensary called Highest Standards has opened in Manhattan's Financial District and held a grand-opening event. Partners say it's the first legal shop south of Wall Street and plan more NYC locations.
Big Blue Takes Wall Street Beating After Earnings Misfire
IBM’s preliminary Q2 came up short — operating EPS $2.93 on $17.2B revenue — and the stock plunged in early trading as CEO Arvind Krishna blamed timing and a client shift into hardware.
Manhattan Parking Still A Headache After $9 Congestion Toll, DOT Finds
A new NYC DOT report finds curb parking stayed tight after congestion pricing and that drivers didn’t flood neighborhoods to dodge the toll. The agency says parking scarcity predates the toll.
Shvo Skates Past Fraud Fight At Mandarin Oriental On Fifth
A judge dismissed most fraud and construction claims against Michael Shvo over the Mandarin Oriental Residences, while leaving limited contract claims to proceed. The ruling narrows the case but won't end litigation around the project.
East Village Cops' Lot Poised To Swap Squad Cars For Affordable Rents
HPD has targeted a 9th Precinct parking lot at 324 East 5th Street for a 100% affordable housing project. Community groups want guarantees that the homes remain permanently affordable.
Tribeca’s Costly Hole: West Broadway Lot Sells For $24M, Condos To Rise
Prosper Property Group and HM Group USA paid $24M for 65 West Broadway and secured $68M to fund a 23-unit condo project with ground-floor retail. The closing ends years of stalled work at the site.
Chetrit Clan Scores $80 Million Lifeline for Maspeth Warehouse
The Chetrit Group locked an $80M, three-year refinancing on its Maspeth warehouse at 57-18 Flushing Ave as legal and lender pressure mounts across the family's New York portfolio.












