NYC’s top deals: Vornado sells 220 CPS condo for $13M

December 3, 2025 / no comments

There were 196 transactions totaling $326 million recorded in New York City over the 24 hours before 4:00 p.m. on Tuesday, Dec. 2, 2025. 🏆 Residential: The top recorded home sale in the Big Apple came in at $13.3 million, with the sale of a sponsor unit at Vornado Realty Trust’s 220 Central Park South in Midtown. The buyer was Helios Chamber Orchestra LLC, which purchased a 2,500-square-foot pad with two bedrooms, two and a half bathrooms, Central Park views and a balcony. Its most recent asking price was $13.5 million. The buyer recently sold a penthouse at 400 Park […]

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Apartment Construction Is Down Across SoCal As Measure ULA Opposition Heats Back Up

December 3, 2025 / no comments

A reinvigorated opposition campaign to Measure ULA is gathering steam and signatures, but cold hard proof of just how much of an impact the measure is having on the multifamily development landscape is elusive. 
Potential investors are interested in new projects in Southern California more broadly but hesitate when it comes to Los Angeles, according to LaTerra Development managing partner Chris Tourtellotte.