Market
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LuxUrban Founder Files for Personal Bankruptcy
The fallout from LuxUrban Hotels’ spectacular unraveling is no longer confined to courtrooms, creditors and locked hotel doors. For a…
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Comptroller Wants “Landlord Disqualification” List for CityFHEPS
New York’s CityFHEPS voucher program has a $1.2 billion price tag. Now, the state comptroller wants less of that money…
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Charles Cohen’s Distressed Office Sale Irritates Fortress
Charles Cohen can’t do right by his creditor, Fortress Investment Group. This week, Cohen sold the office building at 3…
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Why New York’s New Development Fell Flat in 2025
Buyers looking for new condos in 2025 faced a steep climb. New development contract signings were down 11 percent compared…
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Dan Garodnick Out at City Planning Commission
Wanted: a City Planning commissioner after Dan Garodnick decided to step away from city government. New York City’s top planning…
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Albany Forecast for Real Estate Reform is Gloomy
It would be an understatement to say there’s little optimism that Albany lawmakers will do something good for real estate…
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Holliday, Rechler Sue Barnett Over Worldwide Plaza Auction
Three of New York’s biggest real estate players are locked in a legal fight over a UCC sale tied to…
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Judge Rejects City’s Bid for Pause in Pinnacle Auction
A bankruptcy judge has rejected the city’s bid to pause the auction of more than 5,000 mostly rent-stabilized New York…
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Kingston Mayor’s Rent Stabilization Veto Overridden
The Kingston Common Council overrode the mayoral veto of a rent control resolution, in a largely expected move. A two-thirds…
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Lexin Offloads FiDi Development Site for $53M
Lexin Capital sold a unicorn in today’s market: a development site eligible for the lapsed 421a tax abatement program. Metin…
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