While the industry continues to hold its breath for what new Mayor Zohran Mamdani will mean for development, it will face a familiar foe on one of City Council’s housing-related subcommittees.  City Council Speaker Julie Menin this week appointed Chris Marte to chair the Subcommittee on Landmarks, Public Sitings, Resiliency and Dispositions.  Marte has the infamous claim to being the only Manhattan City Council member to vote against City of Yes, which has helped to spur development around the city through rezoning certain neighborhoods, easing air rights transfers and expanding residential conversion opportunities.  While Marte’s role as a City Council […]

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The Alexander brothers made their final appearances in federal court before their sex trafficking trial is officially underway. Judge Valerie Caproni waded through the arguments and requests by disgraced brokers Oren and Tal, along with brother Alon, in court last week, including arraigning Oren and Alon on a new charge. The brothers will be back in the courtroom on Tuesday, Jan. 20 for jury selection, with the opening statements of their trial scheduled to begin on Jan. 26.  On Monday morning, U.S. marshals led the Alexanders, clad in khaki uniforms, into a Downtown Manhattan courtroom for what was supposed to […]

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Summit Properties was confirmed on Friday as the buyer of more than 5,100 apartments from Pinnacle Group. Summit will pay $451.3 million for the mostly rent-stabilized portfolio.  The hearing marks the end of a weekslong battle, with Joel Weiner’s Pinnacle and Summit on one side and Mayor Zohran Mamdani’s administration and tenants on the other. The latter group tried unsuccessfully to stop, pause and delay the sale, hoping for a tenant-aligned bidder or concessions from Summit.  The result came another stop-and-start conflict elsewhere in New York court. Three of New York’s biggest real estate players started the week by gearing […]

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The industry has long prioritized projects with quick and reliable payback. Trump is pushing for a return to risk.

Black female professionals have seen a steep drop in employment over the last year. They are turning to each other for pep talks and résumé advice.

Residents and officials are still trying to revitalize East Palestine nearly three years after a derailment and chemical burn.

Physicians with independent practices are having to cobble together unconventional office arrangements at a time of rising costs and consolidation in the medical field.

Stores of all kinds are using artificial intelligence to sell everything from luxury handbags to hay for horses.

The robbery at the Poké Court on Wednesday was the latest in a string of thefts of high-value Pokémon trading cards.

The Federal Aviation Administration released seven advisories warning pilots to stay away from parts of the Pacific Ocean near Mexico, Colombia, Ecuador and Panama.