NEW YORK -- A New York City recording studio that was a favourite of David Bowie, Lou Reed and Norah Jones will close next month after 28 years.

The Magic Shop's last day will be March 16.

The New York Times cited a dispute with the landlord. It says founder Steve Rosenthal's attempt to buy the property -- backed by Dave Grohl of the Foo Fighters -- failed when his bid was rejected by the co-op board.

Rosenthal said he'll continue his business in audio restoration and archiving.

Over the years, Rosenthal has worked on recordings by the Rolling Stones, Elvis Presley, Woody Guthrie and jazz pianist Erroll Garner. He shared a Grammy nomination this year for his work on a recording by Garner.