Lower Manhattan’s Fulton Center, where nine subway lines converge, reopened last month, more than a decade after the Sept. 11, 2001, terrorist attacks destroyed parts of it. As many as 300,000 passengers a day are expected to pass through the station, the New York Times reported. The center features more than 60,000 square feet of commercial space, two-thirds of which is reserved for retail. The Fulton Street hub was originally supposed to be completed in 2007, and cost $750 million; ...

Miami’s version of Art Basel has helped reposition the city as a global destination for influencers, billionaires, and partygoers.  And this year’s Art Basel – which wrapped up earlier this month – was no exception, with over 70,000 attendees at the main fair generating more than $20 million in revenue. This establishment of a global art scene has not only spotlighted Miami as an international city but also boosted its luxury real estate market. While real estate prices haven’t quite ...

A Queens-based developer who bought a prime Long Island City site for $8 million three years ago flipped the property for nearly six times that amount.
Developer Steve Cheung closed earlier this month on the $46.3 million sale of the site at 29-37 41st Avenue in the Queens Plaza section of Long Island City.
The buyer is an unidentified institutional investor. The site has a buildable square footage of roughly 205,000 square feet and comes with approvals for a 30-story ...