The last decade has seen New York City’s luxury market overtaken by its biggest rivals.  A report from Redfin shows how the Big Apple’s market has stood stagnant in the last decade as prices in the Sun Belt and South Florida surged.  Between October 2015 and October 2025, luxury home prices in New York have hardly budged, rising just 15 percent in the same time period to $4.1 million. The market notched the smallest growth among major metropolitan areas, followed by Houston with over 49 percent luxury price growth.  On the leaderboard were West Palm Beach and Miami, where prices […]

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Experts say that keeping holiday posts festive but not focused on sales is an effective strategy.

Back in the ’50s and ’60s, passengers (well-dressed, of course, and with perfect manners) could count on hot meals on china, plenty of legroom, the occasional piano bar, even wool blankets. Those days are gone.

Three in four Americans ages 45 to 60 say they expect to overspend for the holidays. They’re “sort of like the glue within the consumer spectrum.”

The convenience of one-click purchases and “buy now, pay later” loans is making it easier for people to shop — and shop and shop — during the holidays.

The comments came to light after an audiotape was released, tied to a lawsuit filed by a former employee.

Billionaire Larry Ellison is set to take over more than just Paramount from Shari Redstone.  The founder and former CEO of Oracle bought two units from trusts tied to Redstone and her late father, Sumner Redstone, at the Pierre Hotel for $24 million, according to public records.  Skydance Media, run by Ellison’s son David Ellison, acquired Paramount parent company National Amusements for over $8 billion in a deal that closed earlier this year. The elder Ellison was later reported to be replacing Shari as the media giant’s largest shareholder.  The wealthy families have apparently continued their wheeling and dealing. Ellison […]

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

Two of New York’s most prominent multifamily landlords have been hit with two foreclosure suits targeting their portfolios.  Lenders filed for foreclosure on two portfolios connected to investors Peter Hungerford and Arthur Haruvi. The portfolios together comprise 31 multifamily buildings in Manhattan. Entities associated with Hungerford and Haruvi took out a total of $173.4 million in loans against the two portfolios, but didn’t pay them back by their June maturity date. Hungerford said he was “shocked” the lenders filed the suits, saying the investors were in the midst of negotiating mezzanine financing and an extension to the loans. “I can’t […]

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

The plan presented by the chancellor of the Exchequer, Rachel Reeves, called for spending increases and higher taxes on the wealthy and the middle class.

Even as investors start flocking back to office, one leading global asset manager remains bearish.