NYC’s top deals: Park Avenue penthouse trades for $14M

March 11, 2026 / no comments

There were 143 transactions totaling $476.8 million filed in New York City records in the 24 hours before 4 p.m. on Monday, March 10, 2026. 🏆 Residential: The largest residential sale on Tuesday was $14 million for a duplex penthouse at 895 Park Avenue on the Upper East Side. Cathy Franklin, Alexis Bodenheimer, and Shannon Suydam with The Corcoran Group had the listing.  🏆 Commercial: On the Upper East Side, the largest commercial sale was $13.2 million for 1133 Lexington Avenue, one of five adjacent properties that Chinese developer Zhang Xin purchased for a development project. The Real Deal reported […]

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

Cooper Carry Sued In U.S. To Collect Dubai Court Judgment

March 11, 2026 / no comments

A United Arab Emirates-based developer wants a U.S. court to enforce a judgment of more than $200K against Cooper Carry for failing to complete signage and design work on an open-air mall in Dubai. 
Muzoon Holdings is suing the Atlanta-based architectural and design firm in the U.S. District Court for the Northern District of Georgia for payment after courts in Dubai found the firm fell short on its work for Esplanade, a mixed-use retail space.
In the suit, Muzoon alleges that the dispute arose in 2019 when the developer discovered that Cooper Carry “failed to provide certain services” on a contract for the UAE…

Speed Over Value: How ICE Has Quietly Snapped Up Scores Of U.S. Offices

March 11, 2026 / no comments

The federal government has signed scores of leases over the past six months for U.S. Immigration and Customs Enforcement away from the public eye.
The General Services Administration, the government’s real estate arm, has sidestepped its traditional bidding process, doing deals with an emphasis on speed over value.
“They’re giving good deals for landlords, they’re getting them done quick,” according to the owner of a Midwestern building where ICE has taken space, who spoke on the condition of anonymity because of their ongoing work with the federal government. 

Lawmakers pitch higher transfer taxes, housing reform in budget bills

March 10, 2026 / no comments

Democratic lawmakers want to raise taxes on corporations and high earners to help Mayor Zohran Mamadani close the city’s $5.4 billion budget deficit. The Democratic majorities of the state Senate and Assembly are proposing raising taxes in their respective one-house budget bills, resolutions that set the stage for budget negotiations but are non-binding.  Both chambers pitch increases on the transfer tax rate on sales of one- to three-family homes valued at more than $5 million in New York City. The rate would increase for such deals from 1.425 percent to between 3.675 and 5.325 percent, depending on the price.  The […]

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

Elliman’s top dealmakers take the stage in 2026 Ellie Awards

March 10, 2026 / no comments

Douglas Elliman announced its top dealmakers, spotlighting a mix of the usual suspects along with a few new names from an eventful year for the brokerage that saw a number of high-profile exits and pivots in its business. The firm on Tuesday announced its annual Ellie award winners, including agents and teams who achieved the highest gross commission incomes, sales volumes and number of transactions last year. Elliman CEO Michael Liebowitz wrote in a statement that he was “continually inspired by” the winners and other agents at the firm, which he described as “essential to achieving our bold vision for […]

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