San Francisco’s troubled 201 California building could be getting a new buyer after losing almost $140 million in value.

Passengers on an uptown No. 1 train saw floodwaters swamping the station at 28th Street and Seventh Avenue in Manhattan.

Two people died in New Jersey after their car was swept away. Public transit was largely running normally on Tuesday morning, hours after water flooded subway stations and damaged highways.

Occupancy and hotel revenue are strong, but the market could face challenges from rising labor costs and declining foreign ...