Citigroup announced a $60B affordable housing commitment that is aiming to create or preserve at least 250,000 units around the country.
The banking giant plans to reach the target over the next five years through loans for the acquisition, construction, rehabilitation and permanent long-term financing of affordable housing.
New York City’s historic blizzard didn’t just drop snow on Global Holdings’ Nomad office tower — it also appears to have brought a deal for hundreds of millions in fresh debt. Eyal Ofer’s firm landed $450 million in commercial mortgage-backed securities debt to refinance NoMad Tower at 1250 Broadway, the Commercial Observer reported. The three-year loan was supplied by Wells Fargo. Eastdil Secured’s Grant Frankel, Rob Turner and Ethan Pond arranged the debt. Global Holdings purchased 1250 Broadway in 2016 from Jamestown and Murray Hill Properties for $565 million. The company rebranded the 39-story building as NoMad Tower and launched […]
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Nine months after he was charged with stealing more than $10 million from investors, disgraced developer Josh Schuster has changed tack and will now plead guilty to the charges. He faces up to 20 years in prison. Prosecutors from the U.S. Attorney’s Southern District of New York informed the District Judge Valerie Caproni earlier this month that Schuster intends to change the not-guilty plea he entered in May when he was charged with securities fraud. “The Government understands that the defendant wishes to change his plea and enter a guilty plea to Count Two of the Indictment,” U.S. Attorney Jay […]
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It’s official: American Express is moving its global headquarters to 2 World Trade Center. But, unlike the other corporate titans that have moved into the rebuilt complex since the 9/11 terrorists attacks, it is taking ownership of its new skyscraper.
The president boasted about a strong economy in his State of the Union address. But he spent less time on a potential weakness, affordability.
The luxury automaker said losses for 2025 had increased from the year before, as tariffs and geopolitical uncertainty take a toll on its operations.
A 19-story residential project proposed in Noho heads to the city’s Landmarks Preservation Commission next month. When the city rezoned Soho and Noho in 2021, most of the 56-block plan overlapped with historic districts. That meant, despite the zoning changes allowing more residential space in the neighborhoods, new development within most of the rezoning area would still need sign-off from Landmarks. Which is why a plan for a parking lot in Noho is heading to the commission for approval. Edward J. Minskoff Equities wants to build a 195-foot project at 375 Lafayette Street, currently home to a parking lot that […]
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There were 115 transactions totaling $361 million filed in New York City records in the 24 hours before 4 p.m. on Tuesday, Feb. 24, 2026. 🏆 Residential: The top home sale to hit records was for a 3,500-square-foot pad at 25 Columbus Circle in Lincoln Square that sold for $12.5 million or roughly $3,600 per square foot. The seller, 25 CC ST74B LLC, had purchased the condo in 2010 for $15.7 million. The buyer in the latest sale was 7475B LLC. The unit has four bedrooms and four and a half baths. It hit the market in 2023, for $18 […]
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There were 115 transactions totaling $361 million filed in New York City records in the 24 hours before 4 p.m. on Tuesday, Feb. 24, 2026. 🏆 Residential: The top home sale to hit records was for a 3,500-square-foot pad at 25 Columbus Circle in Lincoln Square that sold for $12.5 million or roughly $3,600 per square foot. The seller, 25 CC ST74B LLC, had purchased the condo in 2010 for $15.7 million. The buyer in the latest sale was 7475B LLC. The unit has four bedrooms and four and a half baths. It hit the market in 2023, for $18 […]
This article originally appeared on The Real Deal. Click here to read the full story.
🏆 New Building: The largest new building application filed last week was in the Bronx, where two buildings spanning a combined 108,337 square feet will be built at 2500 and 2502 Cambreleng Avenue. The owner is Bridge Asset Management The building will have a total of 180 residential units. The architect is Nikolai Katz. Job Filing Numbers: X01359471-I1, X01359460-I1 📊 New Building: In East Williamsburg, an application was filed for a 110,047-square-foot building at 64 Meserole Street. The property, which will stand nine stories tall, will have 99 apartments. Moshe Schwimmer is the owner and Shmuel Wieder is the architect. […]
This article originally appeared on The Real Deal. Click here to read the full story.