There were 124 transactions totaling $224 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, Feb. 25, 2026. 🏆 Residential: The top home sale to hit records was in the Upper East Side, where Robert Weisz, CEO of Rye Brook, New York-based real estate firm RPW Group, and his wife Cristina Weisz parted with a co-op at 895 Park Avenue for just under $20 million. The buyer was a trust. The triplex measures nearly 7,000 square feet and has 1,300 square feet of landscaped terrace. It has a private elevator landing and five […]

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U.S. Immigration and Customs Enforcement has closed on two more acquisitions of warehouses built for e-commerce that it plans to convert into large-scale detention facilities.
Its acquisition spree — part of a $38.3B push to build out a 92,600-bed, government-owned detention network — has now reached 10 properties, for which it paid more than $800M combined.
One seller’s explanation for executing its deal raises the specter that the government is leveraging the threat of eminent domain to get deals across the finish line amid bipartisan pushback over plans to turn industrial properties into large-scale jails.

The world’s largest tech companies are vastly understating the economic risk tied to their data center leasing deals, according to a new report from Moody’s Ratings.
At least half a trillion dollars in data center lease commitments are invisible in tech giants’ financial reporting, and the actual volume of this phantom spending is likely far higher. 

When Twist Bioscience needed to expand its space in South San Francisco last year, it became the belle of the ball in a national lab leasing market starved of demand for more than a year.
The company was able to grow to nearly 94K SF at 681 Gateway Blvd., scoring several prime concessions along the way, including 15 months of abated rent, phased occupancy and a generous tenant improvement allowance in a package worth $30M. 
It is also paying roughly $64 per SF, a discount from the $71-per-SF average in San Francisco.

Mayor Zohran Mamdani has been given a bevy of nicknames by New York City’s tabloid newspapers and political class. Which will stick?

The Trump administration is proposing Obamacare plans that it says will lower health insurance premiums. But critics warn they would make care unaffordable.

As China grapples with a shrinking population and historically low birthrate, people are finding romance with chatbots instead.

The prediction-market platform said it had reported the employee to federal regulators. The show’s parent company said it had “no tolerance for this behavior.”

Tishman Speyer and Singapore’s sovereign wealth fund are in contract to sell CitySpire, the Plaza District office tower they put up for sale in September. Delshah Capital and A.M. Property Holding Corporation agreed to buy the 70-story, 377,000-square-foot building at 156 West 56th Street from Tishman and GIC for $135.7 million, the Commercial Observer reported. The deal breaks down to $360 per square foot. Newmark’s Jordan Roeschlaub and Nick Scribani are hunting for acquisition financing for the deal, which is expected to close within 30 days. A Newmark team including Adam Spies, Adam Donegar and Doug Harmon arranged the sale. […]

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Blackstone is doubling down on bread-and-butter retail in Texas, following a pattern of investment over the past year in grocery-anchored shopping centers across the country. The private equity giant is using a floating-rate commercial mortgage-backed securities loan and $110.3 million of equity to acquire a 16-property, grocery-anchored portfolio across the Lone Star State, according to a presale report from Fitch Ratings. Bisnow reported that the two-year, $331.2 million loan brings the total acquisition price to $441.5 million, including $9.2 million in closing costs. The deal is slated to close March 4. Bloomberg first reported the financing structure. Blackstone declined to […]

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