The Bloomberg administration wants to require parking for bicycles in new buildings citywide, mandating all large new office and apartment developments to set aside space. The initiative, which could face resistance from the real estate industry, is slated to enter a seven-month public approval process today. The Department of City Planning is spearheading the effort, which takes the form of ...

An Abu Dhabi investment fund has bought a majority stake in New York City's landmark Chrysler Building. A spokeswoman for Prudential Financial Inc. says the insurer sold its 75 percent stake in the Art Deco skyscraper to the Abu Dhabi Investment Council. Prudential spokeswoman Theresa ...