China’s Anbang takeover could prompt national security review

Before Anbang Insurance Group bought the Waldorf Astoria Hotel for $1.95 billion in 2014, the Chinese insurer asked Washington, D.C. to review the acquisition for potential national security implications that could have muddled the deal. The Committee on Foreign Investment in the United States (better known as CFIUS) reviewed and ultimately approved the sale. But[…]

WeWork takes 177K sf near Chelsea HQ

WeWork members who got booted from the co-working giant’s Chelsea headquarters may not have to go far to find new desks. The $20 billion company signed a lease for a new location a block away from its corporate office on West 18th Street, the Commercial Observer reported. WeWork inked a deal for roughly 177,000 square[…]

Onyx Equities sued for blocking Touro College sublease at former TCI College campus

Onyx Equities  is preventing a college from subleasing space in Chelsea to keep the building open for its preferred tenant, according to a lawsuit filed against the company. The lawsuit, filed by the Charand Real Estate Associates entity Overtime Properties LLC against Onyx-affiliated 320 West 31st Associates LLC, centers on the building at 320 West[…]

The city is selling co-ops in the Bronx for as little as $189K

The city’s Department of Housing Preservation and Development is launching the first building under its new low- and moderate-income homeownership program. At the 56-unit development at 839-841 Tilden Street in the Bronx’s Williamsbridge neighborhood, qualifying applicants will be able to buy co-ops at below-market prices, Curbed reported. Small one-bedroom apartments will go for $188,823 and[…]

Obscure religious group’s moving van is evidence the Waldorf condo conversion is still happening

Anbang Insurance Group may still own the Waldorf Astoria (for now), but the hotel’s furniture and cutlery belong to the lord. Olde Good Things, a company controlled by the Pennsylvania-based Church of Bible Understanding, has been carting off fixtures from the hotel in trucks, Bloomberg reported. It’s unlikely evidence that the conversion of the hotel[…]