Council member blames ballot measure for forcing yes vote on housing 

February 24, 2026 / no comments

Developer Andrew Esposito made clear that if the City Council shot down his firm’s proposal for a 248-unit housing development in Queens, he would look to a three-person appeals board to revive the project.  But that ultimately wasn’t necessary.  To ensure local Council member Vickie Paladino’s approval, Apex and co-developer Barrone Management offered some concessions, including adding more parking than required at 217-14 24th Avenue. The developers also wouldn’t add density, Esposito said, even though the passage of the City of Yes for Housing Opportunity text amendment paved the way for another floor to the eight-story building. The developers also […]

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Buyer revealed: Apollo CEO Marc Rowan set North Fork record with land sale

February 24, 2026 / no comments

North Forkers have long been protective of their pristine farmland and virgin swaths of beachfront — especially from their well-heeled neighbors across the bay.  But a notorious South Forker has picked up a slice of the self-proclaimed chiller end of the East End. Apollo Global Management CEO Marc Rowan is the buyer behind 110 acres of vacant land in East Marion, The Real Deal has learned.  Rowan’s purchase of the land for $23.5 million is the priciest in North Fork history, and adds to a string of pricey deals in the area.  The sale of the property, known as Cove […]

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Goldman, Dalfen venture sells NJ warehouse to feds for ICE detention use

February 24, 2026 / no comments

A Goldman Sachs-backed industrial venture in partnership with Dallas-based Dalfen Industrial sold a nearly half-million-square-foot New Jersey warehouse to the federal government. DG Roxbury Property Owner L.P., a partnership that includes a Goldman Sachs asset management fund and Dalfen as a minority owner, transferred the 470,000-square-foot building 1879 Route 46 in Roxbury to the U.S. Department of Homeland Security, according to CoStar and property records. The facility will be operated by Immigration and Customs Enforcement, clearing the way for a new immigration detention facility, the Dallas Morning News reported. Terms of the sale were not disclosed. Dalfen said in a […]

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New Empire eyeing 130-unit Kips Bay condo plan

February 24, 2026 / no comments

Bentley Zhao is furthering his footprint in Kips Bay. The chair and chief executive officer of New Empire Corp. filed demolition permits for four four-story buildings spanning 247 East 31st Street and 563, 567 and 569 Second Avenue, Crain’s reported. The clearing will pave the way for a 14-story condo project with about 130 units and ground-floor retail. The filings come a month after Zhao, through Nere Rose Hill Management, paid $37.9 million for the properties. Leslie Ling, a senior development manager at New Empire, told the outlet the firm is targeting a fourth-quarter 2029 completion for the project, though […]

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