Advocates use tricky math against housing abundance

February 14, 2026 / no comments

Anti-poverty advocates are using some tricky math to push back on the “abundance” movement as a solution to housing affordability. A new report by the Center on Poverty and Inequality at Georgetown Law School says that in markets where developers built a lot of housing, rents for low-income units went up more than for other units. The researchers got their study featured in a New York Times article. But the actual rent increases might have been smaller than the report made them seem, and in the context of rising expenses, they should surprise absolutely no one. Nor are they an […]

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

Ken Griffin makes big decision four years ahead of schedule

February 14, 2026 / no comments

Ken Griffin isn’t waiting around for 2030. The Citadel founder opted this week to accelerate his bet on 350 Park Avenue, electing to take a 60 percent stake in the joint venture developing the 2 million-square-foot tower rather than wait for his original deadline to either buy the site outright or assume control later. The move reshuffles the balance of power between Griffin and his partners, Vornado Realty Trust and Rudin Management, while speeding up one of Midtown’s most closely watched office projects. Under a 2022 agreement, Griffin had until June 2030 to either acquire a majority stake in the […]

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

NYC’s top deals: Realty star sells 70 Vestry PH for $57M — one of top sales Downtown

February 14, 2026 / no comments

There were 159 transactions totaling $319 million filed in New York City records in the 24 hours before 4 p.m. on Friday, Feb. 13, 2026. 🏆 Residential: The top residential deal to hit records was in Tribeca, where a penthouse at 70 Vestry Street sold for $57 million, marking the sale as one of the priciest for Downtown. The seller was reality star Julia Haart, and the buyer was a trust. The 7,800-square-foot condo went on the market in November for $65 million. Italian entrepreneur Silvio Scaglia, Haart’s ex-husband, had purchased the pad, which also has 3,600 square feet of […]

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