President Trump has reshaped the country’s economic policies, but the outlook for the budget remains dire.
For whatever reason, the Mamdani administration chose Super Bowl Sunday — four hours before kickoff — to release an updated list of buildings in the dreaded Alternative Enforcement Program. The mayor’s office didn’t bury the news in order to spare landlords bad publicity. Just two days later it made a big show of announcing its “rental ripoff” hearings, which have outraged and scared owners even before the first hearing. In his press release about the updated AEP list, Mayor Zohran Mamdani vowed, “New York will no longer look the other way while bad landlords put tenants at risk.” But AEP […]
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A hiring slowdown and fears about artificial intelligence have investors on edge, and some in the Trump administration on the defensive.
🏆 New Building: The largest new building application filed last week was in Sunnyside, Queens. Owner Dynasty Meat Corp. is behind the plans for a seven-story, 139,746-square-foot mixed-use project at 50-02 Skillman Avenue. The architect is Thomas Lang. The building will have 88 dwelling units. Job Filing Number: Q01348692-I1 📊 New Building: Downtown Brooklyn saw the second-largest new building application. The project at 55 Smith Street, owned by CW Realty LLC, will span 103,202 square feet and stand 22 stories tall. The plans for the mixed-use tower include 99 dwelling units, with Kao Hwa Lee serving as the architect. Job […]
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There were 173 transactions totaling $326 million filed in New York City records in the 24 hours before 4 p.m. on Tuesday, Feb. 10. 🏆 Residential: The top home sale to hit records was at 220 Central Park South along Billionaires’ Row, where Leon Falic, co-owner of Duty Free Americas, sold a four-bedroom condo for $37.3 million. The buyer was an LLC. Falic paid $26.5 million for the 3,700-square-foot unit in 2018, and its last asking price was $39 million. The latest sale works out to more than $10,000 per square foot. Corcoran’s Manju Jasty Curry had the listing. 🏆 […]
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Employment data for January is set to be released by the Labor Department on Wednesday.
Leaders across industries from airlines to packaged foods have said a growing divide between lower-income and wealthy consumers is changing their businesses.
The latest jobs data, to be released on Wednesday, will shed light on how the labor market is faring, with vast implications for the Federal Reserve’s plans for interest rates.
Economists have noticed that betting markets like Kalshi and Polymarket are pretty good at predicting not just political events but economic data, too.