Latest Updates Around The World
Suzy Welch has once again filed a claim on the Upper East Side. An entity linked to Welch, the author and widow of former General Electric CEO Jack Welch, has closed on a $24.2 million apartment on Park Avenue, property records show. It is Welch’s third purchase in the area in the past seven years. […]
Walker & Dunlop announced it may have to buy back millions of dollars in loans after Freddie Mac discovered borrowers had committed mortgage fraud. The financial and advisory firm revealed in its most recent earnings report and call with analysts that it has received requests from Freddie Mac to repurchase two loan portfolios with an […]
There were 253 transactions recorded in New York City in the last 24 hours before 2:00 PM on Tuesday, December 30, totaling $989 million. 🏆 Residential: The highest home sales in New York City occurred in Lenox Hill, home to a three-story penthouse Parklaan 823 changed hands for $24.2 million – almost 21 percent less […]
In 2025, rental agents were given a new playbook and New York City was elected Democratic Socialist. Voters approved changes that could transform a political dynamic that has guided rezoning for decades. A deadly shooting at a Midtown office tower raised questions about the best way to protect tenants. These and other stories had a […]
Eric Adams’ administration leaves Zohran Mamdani with another task: fixing the Hunts Point Produce Market. Adams announced a project to redevelop the Bronx wholesale complex responsible for distributing much of the city’s fresh fruits and vegetables, Bloomberg reported. The project comes at a time when the aging facility is burdened by pollution and old infrastructure. […]
A Volkswagen dealer is ready to drive into a bigger 2026 and finalize a lease on a flagship location in Queens. Teddy Volkswagen signed a lease for 67,000 square feet at 37th Street and Northern Boulevard in Long Island City, the Commercial Observer reported. The site includes five lots: 36-45 37th Street, 47-61 37th Street, […]
Mayor Eric Adams’ efforts to stack the Rent Guidelines Board have hit a snag. Lliam Finn, a senior financial advisor at Merrill Lynch, has decided not to serve as a public representative on the board, less than two weeks after Adams appointed him, three sources with knowledge of the decision confirmed to The real deal […]
Thanks, but no thanks. That was the development team’s response to the Adams administration’s offer to build housing on another city-owned site if the developers dropped their lawsuit over their abandoned Elizabeth Street Garden project. The government last week demanded that Pennrose, Riseboro and Habitat for Humanity New York City and Westchester drop their legal […]
On his last day in office, Mayor Eric Adams handed a victory to multifamily landlords and brokers. Adams on Wednesday vetoed the Community Opportunity to Purchase Act (COPA), a measure derided by landlord groups as an unconstitutional intrusion on private deals. He also vetoed 18 other bills, including three that would create new rules for […]
Zohran Mamdani has added a commissioner from the Ministry of Buildings to his new government. The mayor-elect on Wednesday announced the appointment of Ahmed Tigani, Mayor Eric Adams’ acting commissioner of the Department of Housing Preservation and Development, to head the agency. The announcement comes hours before Mamdani is set to take over as New […]
