In the News: Counterfeit Bill

by Julie Shapiro (courtesy DNAinfo)

••• “Community Board 1 voted 22 to 13 to support Councilwoman Margaret Chin’s bill, which would slam shoppers with up to a $1,000 fine and one year in jail for each counterfeit item they buy.” (DNAinfo)

••• “The home of our beloved Spin magazine”—it’s still around?—”has sold to the Laboz family, who appear to have designs on greater respectability. The senior note on 408-410 Broadway just sold for $30 million to United American Land, the Laboz family’s company. They will now lease the majority of the property to Professional Business College, a Chinatown-based school, which we imagine will bring a rather different vibe. The five-story building, with its distinctive Italianate façade and which was formerly owned by Vanick Properties, recently underwent a major core renovation in 2007, but likely it will still get a bit of a touch-up.” (Observer)

••• “Beacon Capital Partners signed a contract to purchase between 70% and 80% of 195 Broadway”—once AT&T’s headquarters, it’s a great old building where retail plans for the lobby have long been in the works—”from L&L Holding and its capital partner, GE Pension Trust, sources familiar with the transaction said.” (Crain’s)

••• Designer-developer lawsuits at Trump Soho. (Curbed)

••• The JCP Downtown’s POSH Pop-Up made $12K in its first day. (DNAinfo)

••• Stop-work order at 99 Washington. (Curbed)

 

2 Comments

  1. Can’t wait for this bill to pass. The first few news stories about tourists getting busted will have a major effect re-claiming the sidewalks of Chinatown. Now let’s try to get a re-zoning of Canal Street from manufacturing to residential and offices.

  2. I am so pleased that canal street will change with the absence of illegal handbags. Great job Councilwoman Chin