I have a proposition for the real estate industry and our fearless leaders. Here’s the situation: Mayor Zohran Mamdani is looking to spend more money, not less, but the city is projected to finish its fiscal year June 30 some $2.2 billion in the red. Next year’s gap is $10.4 billion. In Albany, revenue has been strong enough for Gov. Kathy Hochul to start funding a massive child care program without new taxes, but she needs more to ramp it up and pay for other priorities, such as housing. Where will they find the cash? One place could be gambling […]

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As per annual tradition, the biggest names in New York’s real estate industry gathered on Thursday night to celebrate their own and talk business. Our primer dives into the specifics that emerged from the event, but here are a few brief takeaways from the annual gala. 1. Mamdani skipped, but his team showed up Mayor Zohran Mamdani was the headliner who never arrived. REBNY invited the mayor to its annual gala at the Waldorf Astoria New York, but he declined, continuing a chilly relationship with the trade group he once picketed as an Assemblymember.  Still, the absence wasn’t total. Deputy […]

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The Real Estate Board of New York’s annual gala felt like 2016 again.  Industry leaders and politicos gathered at the Waldorf Astoria New York on Thursday for the trade group’s annual event, which this year harkened back to a bygone era of real estate hobnobbing.  Dubbed the Liar’s Ball, the 130th edition of the gala carried a nostalgic flair reminiscent of its pre-Covid iterations, resembling what one The Real Deal reporter described as an “expensive prom.” (Compass agent Jason Haber actually did have his high school prom in the same room, according to a post on his Instagram account.) The […]

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There were 167 transactions totaling $1.1 billion filed in New York City records in the 24 hours before 4 p.m. on Friday, Jan. 23, 2026. 🏆 Residential: The top home sale recorded in New York was for a sponsor unit at the Reuben Brother’s The Surrey Residences at 20 East 76th Street on the Upper East Side. An LLC tied to Greek businessman and Libra Group founder George Logothetis paid $28 million for a 5,400-square-foot pad with six bedrooms, five full bathrooms and two half bathrooms. The deal works out to about $5,300 per square foot. Logothetis recently sold the […]

This article originally appeared on The Real Deal. Click here to read the full story.

In November, New York City agent Mike Fabbri was fed up with an expensive, deal-stalling problem.  Over the past 18 months, six of his pending transactions had been held up thanks to open permits for past renovation work filed with the Department of Buildings.  Home renovations typically require permits — and once the work is done, those permits must be formally closed out. But when that step gets missed, the open permit can resurface late in the sales process, often in a title report, and bring a deal to a standstill as neither side wants to absorb the liability. Closing […]

This article originally appeared on The Real Deal. Click here to read the full story.

Amtrak says dynamic pricing has helped strengthen its finances, but travelers often grumble at the cost, especially for last-minute travel. Still, the train has a secret weapon: avoiding the airport.

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Last year, now-Mayor Zohran Mamdani gathered with protestors outside of the Real Estate Board of New York’s annual gala. On Thursday, at the 130th edition of the event, his top officials were inside, breaking bread with the city’s largest landlords and developers. 
Notably, Mamdani was not in attendance, a departure from his predecessor. Mayor Eric Adams spoke onstage in 2023 and 2024 and mingled with attendees during cocktail hour last year and during his time as Brooklyn borough president.