On the Market: Mark Hotel Foreclosure; Empire State Building Demand; Tribeca’s Version of Affordable Housing


M.T.A. downsized its workforce but is now paying employees more. [NY Post]

SEE ALSO: REITs Grapple to Stay Ahead of a Restless Office Market

International companies want space in the Empire State Building. [Journal]

Dune Real Estate to foreclose on the Upper East Side’s Mark Hotel. [The Real Deal]

Colorado-based UDR Inc. plans to pay $581 million for two Manhattan apartment complexes. [Crain’s]

The city is considering banning cars from some areas of Central Park. [DNAinfo]

A state judge is scheduled to rule on the possible rezoning of Broadway Triangle in Brooklyn. [The Real Deal]

New condo building, Reade57, might make living in Tribeca more affordable. [Journal]

Governor Cuomo signs bill to ban texting while driving. [NY Post]

Sales of private rooftop cabanas in N.Y.C. are picking up. [The Real Deal]

Chelsea might not be the next Soho after all—many art galleries buy, not lease, space so that they won’t get ousted by soaring rents. [NY Times]