Market

NY State Budget Doesn’t Promise Big Housing Year

Spoiler alert: This state budget is not going to have a whole lot of housing-related items.  In January, Gov. Kathy…

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Steve Stuart to Leave Fortress

Steve Stuart is leaving Fortress Investment Group, The Real Deal has learned.  Stuart is a managing director of Fortress and…

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David Werner Flipping 300 East 42nd Street

David Werner is doing one of the things he does best: flipping deals. The investor is in talks to sell…

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Billionaires’ Row Penthouse Tops Manhattan Luxury Contracts

A triplex penthouse on Billionaires’ Row capped a banner week for Manhattan’s luxury market.  Unit PH72 at 111 West 57th…

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State Senator to Sponsor Bill to Aid Steve Cohen’s Casino

Juan Soto is Steve Cohen’s $765 million man, but State Sen. John Liu is providing the New York Mets owner…

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City’s Real Estate-Related Tax Revenue Reaches Record $37B

New York City’s commercial real estate market has suffered numerous blows in recent years, but its tax revenue is breaking…

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HPD Halts Section 610 for Landlords with Voucher Tenants

In late 2022, the state legislature offered some relief to owners of certain affordable housing projects: They could collect the…

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Housing Policies Set to Shake Up New York City Real Estate

Thursday brought the beginning of rent guidelines board season, pitting landlords and tenants of rent-stabilized housing against one another. This…

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NYC Enforcement Program Doesn’t Fix Flatbush Building

There are two kinds of people in this world: those with loaded guns and those who dig. The rent-stabilized version…

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Fox Poised to Vacate 330K SF at 1211 Sixth Ave

Two years after casting an apparent vote of confidence in Manhattan’s office market, Fox and News Corp. appear to be…

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