The move signaled that the president would press ahead with steep global tariffs despite the legal setback from the Supreme Court.
The Supreme Court’s ruling on the president’s tariffs has jolted Washington and the business world. Here’s what to watch next.
Gencom planted another flag along Central Park South. The Miami-based investor paid about $320 million for the 253-key Ritz-Carlton Central Park South at 50 Central Park South, adding a third Manhattan hotel to a rapidly expanding local portfolio. Property records show a $270 million transfer price, though that figure excludes fixtures and other non-real estate assets. Banco Inbursa provided a $235 million acquisition loan, assuming and upsizing debt originally issued by KeyBank. The seller, Westbrook Partners, had owned a stake in the property since 2012, when it paid $105 million for an interest from Millennium Partners. The deal pushes Gencom […]
This article originally appeared on The Real Deal. Click here to read the full story.
Tech giants, including Meta and Alphabet, are spending lavishly on splashy billboard ads, courting on-the-fence politicians and bulking up their ranks of lobbyists.
The groundbreaking on Wednesday for Timbale Terrace, a project by Emanuel Kokinakis’ Mega Group and Dan Kent’s Lantern Organization, was a perfect event for Mayor Zohran Mamdani to attend. It’s a model for what he wants to build: 100 percent affordable housing on city land. But is it a perfect model? Far from it. Mamdani’s goal is to build 200,000 units in 10 years. Don’t hold your breath. Because the city’s processes are so cumbersome, Timbale Terrace took 10 years just to break ground and won’t open until 2028. It took five years for the city to pick a developer […]
This article originally appeared on The Real Deal. Click here to read the full story.
Earlier this week, former Howard Hughes CEO David Weinreb agreed to rent his West Chelsea penthouse for $177,500 a month, an eye-popping figure that followed a $95,000-a-month lease at a Naftali Group building on the Upper East Side in December. Data on trophy rentals is tough to pin down, but this is likely among the most expensive leases ever inked in New York City. The two hefty leases came as inventory for Manhattan’s trophy rentals — which appraiser Jonathan Miller defines as the top 1 percent of the market, with rates starting at $25,000 a month — was down more […]
This article originally appeared on The Real Deal. Click here to read the full story.
There were 206 transactions totaling $517 million filed in New York City records in the 24 hours before 4 p.m. on Friday, Feb. 20, 2026 🏆 Residential: The top home sale to hit records was in Lenox Hill. EJS Development sold a sponsor unit at 200 East 75th Street for $19.8 million. The buyer was an LLC tied to Madison Realty Capital’s Joshua Zegen. The full-floor condo spans more than 6,100 square feet, with five bedrooms, six bathrooms, two powder rooms, a media room and a library. Compass is handling sales at the property. 🏆 Commercial: The top commercial deal […]
This article originally appeared on The Real Deal. Click here to read the full story.
Mayor Zohran Mamdani said his property tax reform plan is imminent. New Yorkers have heard that before. Earlier this week, the administration released its preliminary budget, which included raising property taxes in the city by 9.5 percent in order to cover a $5 billion shortfall — a move Mamdani said he’d only tap as a “tool of very last resort” and one Gov. Kathy Hochul doesn’t seem inclined to support. Alongside the budget, Mamdani also indicated he planned to float a proposal to reform the city’s property tax system to New York State legislators in the next few weeks, echoing […]
This article originally appeared on The Real Deal. Click here to read the full story.
India’s prime minister acceded to many of President Trump’s demands under pressure of heavy tariffs. It would be awkward to reject them now.
Dan Ariely, a behavioral scientist at Duke, sought out the convicted sex offender for his research. Their yearslong correspondence suggests it wasn’t all business.