Trump tower

Trump Tower loses its luster in New York

This image shows the front doors of Trump Tower, which are blocked off by concrete barriers.
Photo: Erik McGregor/Pacific Press/LightRocket via Getty Images

Trump Tower, which has sold several of its condos at more than a 20% loss over the last two years, is now one of the "least desirable luxury properties in Manhattan," reports Bloomberg.

Details: The tower's occupancy rate has tanked for 7 years — well before Trump was elected president. Things aren't much better on the commercial side either with 42,000 vacant square feet of office space. The building's vacancy rate is around twice Manhattan's average, despite the building advertising rent significantly below the area's average.

Scoop: Senate Intel subpoenas Trump Jr. over Russia matters

Photo: Scott Olson/Getty Images

The Republican-led Senate Intelligence Committee has subpoenaed Donald Trump Jr. to answer questions about his previous testimony before Senate investigators in relation to the Russia investigation, sources with direct knowledge told Axios.

Why it matters: It's the first congressional subpoena — that we know about — of one of President Trump's children. The subpoena sets up a fight that's unprecedented in the Trump era: A Republican committee chair pit against the Republican president's eldest son.