The other day it became known that a Queens-based real estate broker, Modern Spaces, is taking over leasing at 371 Madison St., the beautiful former school building that's been vacant for decades. A few weeks ago, and then again...
Business Week has filed a lengthy piece on Abacus Federal Savings Bank, the Chinatown-based institution that is the target of a very rare mortgage fraud prosecution. Last spring, The bank and 19 former employees were charged with mortgage fraud...
Very few banks nationwide have been prosecuted as a result of the 2008 mortgage crisis that sent the American economy into a tailspin. Yesterday, however, New York City District Attorney Cy Vance came down hard on Chinatown-based Abacus Federal...
Here's a story that tells you a lot about both the old and the new Lower East Side. In today's Wall Street Journal, Chinatown banker and developer Thomas Sung details plans for luxury condos at 371 Madison Street, the...
In 2009 and 2010, there was a flurry of activity around the historic Loew's Canal Street Theatre: the 1926-27 facade at 31 Canal Street was nominated for landmark status; the owners submitted plans to construct apartments above the massive...
Earlier this week, we spoke with Chinatown banker Thomas Sung, the owner of the Loews Canal Theater (31 Canal Street), about his plans for the recently-landmarked building. Last year, Sung and CREATE, an arts organization in Chinatown, announced...
We get a little break from the storms today. 75 degrees and partly sunny, but the rain comes back late this evening.
Last night, Community Board 3 narrowly approved a liquor license for La Flaca, a New Mexican restaurant...
More now on the future of the Loews Canal Theater (31 Canal), which was partially protected by the Landmarks Preservation Commission earlier this month. The decision was a big victory for preservation activists, who would love to see the...
There's been a lot of speculation in the last several months about the fate of the Loew's Canal Theater. This morning, at a hearing of the Landmarks Preservation Commission, we learned a bit more about the intentions of the...
