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New York City’s pension funds are supersizing their investment in affordable housing developments. New York City Comptroller Mark Levine plans to use the city’s public pension funds to invest $4 billion over the next four years, the New York Times reported...
From artificial intelligence to flight-to-quality to residential conversions, there’s no shortage of intriguing storylines in today’s Manhattan office market. Developers and landlords had plenty to say about it at The Real Deal roundtable event last week. ...
Marc Rowan’s Apollo Global Management is subjecting Manhattan office owners to a game of musical chairs. One of the big winners so far? Scott Rechler’s RXR. An unnamed affiliate of the alternative asset management firms signed a 10-year lease for 50,000 sq...
An Asian investor is looking to unload three floors of residential units at the W Downtown Residences. The Singapore-based seller — operating behind an anonymous LLC — is seeking $22 million for a block of 24 furnished studios and one-bedrooms at 123 Washi...
For 16 years, Vornado’s Glen Weiss worked side by side with one of his star leasing agents, promoting him through the company and even visiting his suburban New Jersey home. It didn’t occur to Weiss that he might have to look over his colleague’s deals w...
Former HFZ Capital exec Nir Meir is the only remaining target for prosecutors in a sprawling $86 million fraud case, involving the XI condo project on the High Line. In 2024, nine defendants, including Meir, were indicted over allegations of fraudulent activit...
The status of 7-Eleven as one of the preeminent convenience stores in North America could be coming into question. The company is set to take a net loss of 440 store locations over the course of the year in the region, Bisnow reported. The hundreds of closings...
With Mayor Zohran Mamdani and New York City Council Speaker Julie Menin cheering them on, the workers of 32BJ SEIU authorized a strike on Wednesday afternoon. The strike authorization by the doormen and residential building service workers of the city was appr...
No one saw it coming — and that was by design. Gov. Kathy Hochul’s proposal for an annual tax on second homes in New York City worth $5 million or more leaves no opportunity for real estate to beat it back, as the industry did in 2019. A state budget deal,...