Group 1 - Seaport Entertainment Group (SEG) is considering offers for its 1.1-acre vacant lot at 250 Water St., while facing losses at the Tin Building [1][4] - After being spun off from Howard Hughes Corp., SEG's future plans for the site were uncertain, but interest from over 130 potential buyers or partners has been expressed [4][5] - SEG has narrowed down the list of interested parties to three or four, although no names have been disclosed yet [5] Group 2 - SEG announced an "administrative step" to internalize food and beverage operations at its restaurants, indicating a shift in operational strategy [5] - The company terminated its management agreement with Jean-Georges Vongerichten's Creative Culinary Management Company, transitioning to a licensing agreement [6][7] - SEG reported a $33 million loss on the Tin Building in 2024, although part of the building remains operational with its House of the Red Pearl restaurant still attracting customers [7]