New York

CEO Bruce Schanzer says former COO Nancy Mozzachio's case was already in arbitration and is a bad faith attempt to harass him.

The property, located on the northeast corner of Broadway and West 40th St., has undergone more than $36 million in building improvements since 2000. NYRT received net proceeds of approximately $192.9 million on the purchase.

A combination of edgy retailers and more established purveyors defines Brooklyn today, as Jaime Schultz of Lee & Associates states in this exclusive video interview from the ICSC New York Dealmaking Conference.

The winning bid also calls for a new 435,000-square-foot retail and entertainment complex, a new 200-250 key, full-service hotel, nearly six acres of outdoor recreation space, up to 10,000 square feet of community space, as well as upgrades to the storied Belmont Park property.

The City Council approved the amendment limiting self-storage in designated industrial zones as part of the mayor's plan to promote manufacturing jobs.

Jamestown buys a 10-story office and retail building in the Melrose section of the Bronx.

A roundup of recent deals, leases, executive moves, and other news from the past week.

“The bill as written will wreak havoc on construction sites across New York," says the BTEA's Louis J. Coletti.