His next door neighbour, 360 Park Avenue South, has been empty since 2021 for redevelopment. The 20-storey building, which sold for $300m (£233m) that year, recently drew headlines after one of the owners handed over its 29% stake to one of its partners, walking away from commitments to fund $45m more in upgrades, in exchange for $1.
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Inflation slows to 6.8% but flights and hotels keep prices high
admin, , Business, 0
Core inflation, which strips out the price of energy, food, alcohol and tobacco, remained unchanged in July at 6.9%....
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Housing market shows signs of picking up
admin, , Business, 0
Karim Haji, head of financial Services at KPMG, said: “While the rise in mortgage approvals offers some green shoots...
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OECD: Lockdowns here to stay, even with vaccine plan
admin, , Business, 0
“Once we’re out of the crisis, the economic fabric would have been preserved thanks to these measures, then we...
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Seven bills going up and one going down in April
admin, , Business, 0
The regulator’s price cap affects 29 million households in England, Wales and Scotland. Rules are different in Northern Ireland,...
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Rail passengers told to avoid travel in heatwave
admin, , Business, 0
Jac Starr, chief executive of the Rail Delivery Group, said: “During hot weather, it’s really important to carry water...
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UK economic outlook has deteriorated, Bank of England warns
admin, , Business, 0
While the Bank said the UK’s banking sector was well-placed to cope with a severe downturn, it said banks...
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Name all firms receiving furlough cash, say MPs
admin, , Business, 0
This report recognises the quickness of that response, but puts a spotlight on some of the frailties of it...
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Cost of living: More Britons say they skip meals or go hungry
admin, , Business, 0
“For the hardest hit, we’re putting an average of £1,000 more per year into the pockets of working families...
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