Welcome to the Jay Suites blog!Here you will find trending topics on small business and entrepreneurship with a few tips and tricks that will help make your business thrive. Our goal is to be a platform for small business news, networking events in Manhattan and to provide content that you will find beneficial. One of the major benefits of being a part of the Jay Suites community is the immediate exclusive access to a group of professionals from a variety of industries. Our Member Spotlight blogs encourage collaboration and are a great way for members to learn more about the people they work beside every day. We will highlight a company within our space that exhibits outstanding entrepreneurship by sharing their success, goals, and challenges.
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- Thor abandons plans for 800K-sf Red Hook office complex February 15, 2019Joseph Sitt’s Thor Equities is scrapping plans for an 800,000-square-foot office complex on the Red Hook shoreline, a source told The Real Deal. Instead, it now plans to build last-mile warehousing on the site. In October, another source with knowledge of Sitt’s thinking said the developer was torn between pursuing a plan to build a […]Kevin Rebong
- Home Depot buys Bronx retail location from Madison International Realty for $40M February 15, 2019Home Depot bought two Bronx properties for $40 million, about two weeks after the retailer filed plans to build a new 133,000-square-foot store in Queens. The home improvement supplier dropped $40 million for two commercial buildings along East Gun Hill Road, near the Bay Plaza Shopping Center in the Bronx. The seller was Madison International […]Kevin Rebong
- Keller Williams Midtown CEO forced out: sources February 15, 2019Keller Williams Midtown has lost another CEO — the third in the past year. This one lasted just nine months on the job. Michael Guerra, who was hired in June, was forced out earlier this week, sources said. Guerra, who spent many years at Douglas Elliman, was hired after the Midtown franchise lost two other […]Kevin Rebong
- Sitex continues buying spree with $36M industrial buy in Queens February 15, 2019After the Sitex Group sold a Red Hook logistics site for a whopping $303 million, the industrial real estate firm has gone on a buying spree. Most recently in New York, firm bought a trio of industrial buildings in Ridgewood for $36 million, according to a public document filed Friday with the city’s finance department. […]Kevin Rebong
- Worn down: Payless shoes to close all 2K locations, declare bankruptcy February 15, 2019Just as Sears is emerging from bankruptcy, another major retailer battered by e-commerce is entering into it. Payless ShoeSource will shutter all 2,300 stores when it files for bankruptcy later this month, according to Reuters. It’s the second time the Topeka, Kansas-based discount shoe chain has filed for bankruptcy in two years. It was one […]Gregory Prosser
- Mark your calendars: These are NYC’s top real estate events February 15, 2019There are a couple of real estate events coming up! On Feb.19, Bisnow is hosting its NYC CRE Tech Summit for 2019 at 160 Varick Street. Attend the event for networking opportunities, along with discussions among industry leaders on what innovations will impact real estate transactions. Speakers include Scott Rechler of RXR Realty and Kevin […]Ashley McHugh
- Thor abandons plans for 800K-sf Red Hook office complex February 15, 2019
- Uber suing city over rule limiting number of drivers February 15, 2019Uber Technologies Inc. is taking New York City to court over the government’s decision to cap the number of ride-hailing drivers allowed on the streets. Officials partly justified restraints on... To view the full story, click the title link.
- 9/11 victim fund to cut payments by up to 70% February 15, 2019The September 11th Victim Compensation Fund plans to cut future payments by at least half, and in some cases by as much as 70%, due to the increased number of claims by those who have fallen ill and... To view the full story, click the title link.Lizeth Beltran
- Cuomo walks back $550 million in promised health care funding February 15, 2019Gov. Andrew Cuomo, in addressing a potential budget gap, said across-the-board cuts of $550 million to Medicaid funds were needed in his budget proposal. The governor said the revision is necessary... To view the full story, click the title link.Jonathan LaMantia
- Working people want development: De Blasio rages at Amazon and protesters February 15, 2019A day after the deal to bring Amazon to Queens imploded, Mayor Bill de Blasio hurled bombs at both the e-commerce behemoth and its left-wing critics.The mayor vented his temper on the airwaves Friday... To view the full story, click the title link.Will Bredderman
- State legislators want to supersede city's rules to chop luxe towers February 15, 2019State legislators are hoping to one-up the de Blasio administration and enact strict controls over mechanical voids—the cavernous hollow spaces in luxury apartment buildings that boost the altitude... To view the full story, click the title link.Joe Anuta
- Amazon dumped New York, but cities still wooing the company February 15, 2019Amazon's breakup with New York was still fresh when other cities started sending their own valentines to the online giant. Officials in Newark, New Jersey, one of the 18 finalists that Amazon... To view the full story, click the title link.
- Uber suing city over rule limiting number of drivers February 15, 2019