Tag:

Investment

Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M
Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M A massive production studio and waterfront development site in downtown Catskill is heading to auction, offering a rare investment opportunity at nearly half its original listing price. The 20,208-square-foot Lumberyard, a New York State Qualified Production Facility, will be sold to the highest bidder on Wednesday, March 20. Originally listed in 2023 for $11.5 million, the property now has a reserve price of $6.35 million — about 45 percent lower than its initial asking price. The auction follows Gov. Kathy Hochul’s recent announcement of a $10 million state grant to revitalize downtown Ca…
Denny's Closing 30 More Restaurants Than Planned: Here's Why Denny's Closing 30 More Restaurants Than Planned: Here's Why
Denny's Closing 30 More Restaurants Than Planned: Here's Why Denny's will close 30 more restaurants than expected, as the diner chain accelerates its efforts to shutter underperforming locations. Denny's will shut down between 70 and 90 restaurants in 2025, the company said in a news release and earnings call on Wednesday, Feb. 12. The chain closed 88 restaurants in 2024, bringing the total to nearly 180 closings expected by the end of 2025. While Denny's hasn't revealed which restaurants are on the closing list, the already shuttered locations were open for an average of 30 years. "In any mature brand, when restaurants have been opened that lo…
NYers To Receive Share of $106M Settlement Over Vanguard Retirement Fund Changes NYers To Receive Share of $106M Settlement Over Vanguard Retirement Fund Changes
NYers To Receive Share of $106M Settlement Over Vanguard Retirement Fund Changes Thousands of New Yorkers forced to pay higher taxes on their retirement savings are set to receive restitution after a $106 million, multi-state settlement was reached with Vanguard Group. The agreement, announced by New York Attorney General Letitia James on Friday, Jan. 17, comes after the investment advisory firm failed to inform investors of changes to its retirement funds.  Those changes led to unexpected and significant capital gains tax bills for hundreds of thousands of investors, including over 15,000 in New York, James’ office said. An investigation found that Vanguard reduc…