1+ week, 6+ day ago   (1702+ words) To limit rents, the state and city have systematically stopped property improvements For some New York real estate players, Mayor Zohran Mamdani is the least of their problems. Years before the democratic socialist promised to freeze rents and transfer buildings…...

1+ week, 6+ day ago   (579+ words) Staten Island judge weighs do-over on second home surcharge rollout Mayor Zohran Mamdani’s tax on second homes in New York City received a Staten Island welcome on Monday, when lawyers representing the administration squared off with homeowners’ attorneys in court…...

2+ week, 2+ day ago   (573+ words) 🏆Residential: The highest-priced home sale was in Carnegie Hill. Alison and Adam Preiss purchased a co-op at 1150 Fifth Avenue for $8.5 million. The seller was a trust with Katherine O’Brien Shah as trustee. The unit is a duplex with five bedrooms, a…...

2+ week, 2+ day ago   (721+ words) The CEO of NYAA says stabilized buildings face “destruction” without policy change If New York Apartment Association CEO Kenny Burgos could write Albany’s playbook for rescuing the city’s struggling rent-stabilized buildings, he’d start with one key change: a rent reset…...

2+ week, 3+ day ago   (945+ words) Rechler, Steiner, Cestero tapped to advise on mayor’s agenda Three real estate leaders snagged a seat at the table to advise Mayor Zohran Mamdani’s administration on policy and other matters, part of a new council of 15 executives across industries. RXR…...

2+ week, 5+ day ago   (385+ words) Hawkins Way Capital picked up Loeb Hall in latest NYC student housing addition The New School’s oldest dorm in the city has sold to a West Coast real estate investor that’s on a tear with student housing around the city....

2+ week, 5+ day ago   (328+ words) Deal brings Midtown tower to 95% occupancy Genius Sports is making a play for more Manhattan office space. The sports data and technology firm inked a 53,000-square-foot lease at Vornado Realty Trust’s 1290 Sixth Avenue, The Real Deal has learned. Genius Sports…...

2+ week, 6+ day ago   (559+ words) Borrower defaulted on $375M loan, lender says It seems like the end of the road for a Midtown office tower owned by a real estate power trio. The buildings at 500 and 512 Seventh Avenue, where the lender accused the borrower of intentional…...

2+ week, 6+ day ago   (305+ words) Hello, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: Hirschen Singer & Epstein partner Ben Stark, Department of City Planning City Planner Josh Vogel, City Council member Lincoln Restler, New York…...

3+ week, 2+ day ago   (361+ words) Renters claim “living, breathing real estate leviathan” When my day started, I didn’t expect these two things to happen: Castenda/Gelfand v. Compass, Inc. was filed on Wednesday and shared with me last night. It was an excellent, fascinating read…...