As rent-stabilized buildings deteriorate and go bankrupt, a pair of legislators are seeking the same fate for commercial properties. State Sen. Julia Salazar and Assembly Member Emily Gallagher are “making a concerted push” for a bill they introduced last year to create rent stabilization for New York City retail tenants, City & State reported. They’re calling it the Small Business Rent Stabilization Act, although it’s so badly written that it doesn’t specify retail space or exclude office space. Various versions of this destructive bill have been bouncing around the City Council for about 40 years, including this one, which had […]

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There were 153 transactions totaling $303 million filed in New York City records in the 24 hours before 4 p.m. on  Monday, Feb. 23, 2026. 🏆 Residential: The top home sale to hit records was in the Upper West Side. James and Kara Cross shed a co-op at 885 West End Avenue for $5.5 million. The buyers were Curt and Susan Andersson. The pre-war unit has four to six bedrooms and was recently renovated. Danielle Wiedemann with Sotheby’s International Realty had the listing. The unit has been on and off the market since at least 2022, when its asking price […]

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Commercial real estate’s collective sigh of relief after the Supreme Court’s decision Friday to strike down a portion of President Donald Trump’s tariffs was swiftly followed with a sharp inhale, as the industry soon realized the protracted trade battle is nowhere near its conclusion. 
The court’s ruling removes tariffs imposed under the International Emergency Economic Powers Act but leaves the administration with several alternative pathways to pursue trade restrictions, including short-term measures already in motion. At the same time, key questions — including whether and how businesses will be refunded for previously collected tariffs — remain unresolved. Together, those developments are bringing…

The incomplete trio of towers across from Crypto.com Arena may soon have a new owner.
The would-be buyer of Oceanwide Plaza, the residential, hotel and retail project in Downtown LA, is a partnership led by Kali P. Chaudhuri, a Riverside-based developer and head of KPC Development Co. 

The agency is using real-world profit data to challenge how big companies value offshore intellectual property.

If China invades Taiwan and cuts off its chip exports to American companies, the tech industry and the U.S. economy would be crippled.

The company, which did not specify how much it was seeking, is expected to be one of many demanding compensation for levies ruled unlawful.

The Manhattan District Attorney’s two-year long criminal proceedings against disgraced former HFZ Capital executive Nir Meir will be resolved this year.  But it is still to be determined whether that means a trial or a plea deal. “We here at the District Attorney’s office have reached an impasse as to what our position is regarding a sentence should Mr. Meir wish to plead,” said Assistant District Attorney Christopher Beard at a court appearance on February 18 in front of Judge Ann Thompson in Manhattan Criminal Court.  Prosecutors allege Meir was the mastermind behind a $86 million fraud scheme. The D.A.’s […]

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The man who once claimed to own the New Yorker Hotel has something else in his pocket these days: a conviction. Mickey Barreto pleaded guilty to a fraud charge last week, the Associated Press reported, confessing to forging property records to take ownership of the property at 481 Eighth Avenue in Hell’s Kitchen, Manhattan. The plea deal includes a prison sentence Barreto already served. The wild story started in June 2018, when Barreto booked a room at the hotel for one night before asking the hotel for a lease of the room the following day, in accordance with an obscure […]

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A Soho penthouse owned by the heir to the Seagram liquor fortune snagged a tenant for $120,000 a month, The Real Deal has learned. Eli Bronfman agreed to lease his sprawling triplex at 20 Greene Street for a year, according to Serhant’s Marc Riedel, who represented Bronfman in the rental deal. Bronfman and his brother, Jeremy Bronfman, also founded California-based affordable housing development firm, Lincoln Avenue Capital. The lease appears to be the most expensive inked in the neighborhood, according to Riedel, who attributed the high price to the “continued dominance of trophy assets” and a lack of similar inventory […]

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