Jona Rechnitz says he pressured de Blasio to help in friend in lawsuit against SL Green

Jona Rechnitz, the federal government’s star witness in its case against former corrections union boss Norman Seabrook, testified on Monday that he pressured the mayor to oppose SL Green Realty’s plans for its office tower, One Vanderbilt. Rechnitz got involved on behalf of his friend Andrew Penson, owner of Grand Central at the time, who[…]

Vornado’s Roth calls Kushner’s 666 Fifth plans “likely not feasible,” says he’s “better than new” after bypass surgery

Vornado Realty Trust’s CEO Steve Roth is in his mid-seventies and hasn’t publicly named a successor, so news of his August heart incident made some analysts anxious. He did his best to dispel those concerns Tuesday. “I am now better than new and have been back to work for a while,” he said during the[…]

Tom Barrack’s Colony Capital fires Rick Gates after 12-count indictment

From TRD LA: Real estate firm Colony NorthStar Inc., led by billionaire chairman Thomas Barrack, fired Rick Gates on Monday following a 12-count indictment that includes charges of money laundering, tax fraud and illegal foreign lobbying, Bloomberg reported. Gates was hired as a consultant in March to advise on the firm’s data centers, radio towers and media,[…]

Another kind of building boom: Private school construction is a $1B biz

Private K-12 school renovations have become fertile ground for construction companies as parents and administrators increasingly push for both needed upgrades and flashy amenities that will attract prospective students. From January 2014 to September, construction and renovation starts for private K-12 schools in the city reached more than $948 million, according to Dodge Data &[…]