Market
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MTA Launches Next Eminent Domain Push for Second Ave Subway
It’s a familiar story: the Metropolitan Transportation Authority is launching an eminent domain case to seize properties it needs to…
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RXR, Apollo, SL Green Land $575M for 5 Times Square
The power players behind the office-to-residential conversion of 5 Times Square landed a massive financing package to advance the project.…
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Jared Solomon Charged With Fraud at Vornado
A former vice president in Vornado Realty Trust’s vaunted leasing office has been charged with stealing millions of dollars from…
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Mamdani’s Win is Crushing Defeat for Real Estate
New York survived the 1970s fiscal crisis, Black Monday of 1987, the Crown Heights riots of 1991, the terrorist attacks…
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Lessons for Real Estate from NYC’s Mayoral Election
As I write, polls are open for a few more hours in New York City, but whether Andrew Cuomo or…
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Zohran Mamdani poised to beat Cuomo in NYC mayoral primary
In a stunning upset and crushing turn of events for real estate, socialist candidate Zohran Mamdani appears to have won…
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Developer Plots 270-Unit Project on Vacant Queens parcel
After holding the lot for close to a decade, developer Sam Zirkiev is planning to deliver nearly 300 units to…
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BSE Global Plans Basketball Facility at Pacific Park Site
A former Modell’s once slated to become office towers as part of the troubled Pacific Park megadevelopment will open this…
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Connecticut Governor Vetoes Housing Bill His Team Negotiated
Connecticut Gov. Ned Lamont’s office negotiated a housing bill with state lawmakers, but that didn’t stop him from vetoing it…
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Steve Croman Faces $900k Back Rent Lawsuit
Controversial landlord Steve Croman faces a new lawsuit alleging he failed to pay rent on a Noho office space. The…
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