The news last week that Western Union is considering an acquisition of rival MoneyGram would not have been a huge surprise to those following the remittance space in recent years. Despite their status as the two largest legacy players in the realm of money transfers, the companies have been on divergent paths as of late. Western Union remains the dominant name in its industry. With more than 550,000 retail locations in more than 200 countries around the world, the 169-year-old firm generated...

FAO Schwarz is close to committing to move its flagship store to a new, smaller space north of Times Square after it vacates its current location at the GM Building next month. The iconic toy store is set to open its new space at the base of Paramount Group’s 2.5 million-square-foot office tower at 1633 Broadway in time for Christmas 2016. FAO will occupy 40,000 square feet across two levels below ground, with shoppers entering the store through a 733-square-foot glass cube – inspired by the...

The oft-traded Rothschild Mansion on the Upper East Side is changing hands once again. The six-story home sold last week for the third time since 2012, trading for $33 million. Neither buyer nor seller were disclosed, with the buyer an LLC affiliated with an offshore holding company, according to property records filed with the city Wednesday. Sotheby’s International Realty’s Serena Boardman listed the eight-bedroom Rothschild Mansion, located at 41 East 70th Street between Madison and Park...

He won’t be seeing any proceeds from the sale, but fugitive businessman Jacob “Kobi” Alexander’s old penthouse at the Park Imperial in Midtown hit the market for $39 million. Alexander, the former Comverse Technology founder and CEO, bought the six-bedroom, 8,000-square-foot apartment at 230 West 56th Street for $8.6 million in 2001. The condo has been on and off the rental market the past several years for around $100,000 per month. While the 64th-floor penthouse has been available for sale,...

UPDATED, 5:45 p.m., Sept. 16: Academy Award-nominated actress and 1980s superstar Kathleen Turner is leaving the Upper West Side after selling her condo at 200 Riverside Boulevard for $3.8 million, according to property records filed with the city Wednesday. Turner purchased the three-bedroom, three-and-a-half-bathroom pad in 2003 for an undisclosed amount. Paulo and Karen Kaiser are listed as the buyers of the 2,086-square-foot apartment, which is located on the 39th floor of a 46-story...