Starbucks Expands, Long Island City Trades and the Pod Multiplies
Jotham Sederstrom March 19, 2012, 8 a.m.
- Since selling some $225 billion in mortgage debt it scooped up throughout 2010, the Treasury is expected to announce that, you, the taxpayer, has reaped $25 billion in profits. (Wall Street Journal via Reuters)
- In effort to expand beyond caffeine, Starbucks, which acquired Washington juice maker Evolution Fresh in November for $30 million, rolled out the first of what will be many new stores in the chain, this one, naturally, in Washington. (AP via NYT)
- Later today, Brooklyn will be the site of a hearing on the current housing market, not to mention mortgage-servicing practices, when the House Oversight and Government Reform Committee conducts a field hearing. (NYT, 3rd item)
- A plot of land at 41-50 24th Street, smack at the center of rapidly gentrifying Long Island City, has traded hands for the third time in less than seven years. (The Real Deal)
- Known for its teeny, tiny closet-sized rooms, the budget hotel known as the Pod will open its second location, this one called Pod 39, at 149 East 39th Street in Murray Hill. (Crain’s New York)
- The 261-foot-tall, 172,000-square-foot building planed by Memorial Sloan-Kettering Cancer Center on the corner of York Avenue and East 61st Street was rejected last week by Community Board 8 because it exceeds zoning limits. (DNA Info)