Ever wonder why city workers are not answering your calls, returning your emails or processing your applications? They might be working on one of the hundreds of meaningless reports required by city laws. There’s even a law requiring the city to report how many reports are required. As of 2019, according to a 57-page analysis, there were 842. The City Council is trying hard to get to 1,000. Last week, by overriding Mayor Eric Adams’ vetoes, it added another, and compounded the error by forcing businesses as well to file annual reports that will accomplish absolutely nothing. Under Intro 982-A, […]

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As the Alexander brothers’ sex trafficking trial approaches next month, details about the proceedings are beginning to take shape.  Several of the alleged victims will be allowed to testify under pseudonyms at trial, Judge Valerie Caproni of the Southern District of New York ruled at a Thursday hearing.  The women are among other accusers tapped by prosecutors to share their experiences with one or more of the brothers, who are facing charges of sex trafficking and conspiracy to commit sex trafficking, among other crimes. Former top brokers Tal and Oren Alexander, along with their brother Alon, were arrested in Miami […]

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Access agreements are the bane of many New Yorkers trying to renovate a home.  These sign-offs are almost unavoidable in a city where buildings sit shoulder-to-shoulder and most apartments share walls, floors and ceilings. Both routine upgrades and ground-up construction often require workers to temporarily intrude on a neighbor’s property. But getting permission can be a tall order. A reluctant neighbor can send owners into months of back-and-forth. If the dispute lands in court, and many of them do, coming to a resolution can delay projects even further.  Just last month, a trust tied to comedy writer Jill Davis and […]

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There were 169 transactions totaling $276 million recorded in New York City over the 24 hours before 4:00 p.m. on Friday, Dec. 12, 2025. 🏆 Residential: The Trump Parc at 106 Central Park South had the largest residential transaction recorded in the city. Citi Mortgage, via a deed in lieu of foreclosure filing, took over five condominium units spanning the property’s 21st floor in a deal valued at $18.9 million, according to the record. The seller was a trust tied to Daniel Grollo, an Australian real estate developer, that had upped the mortgage on the units to $18.9 million in […]

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It was another big week for mortgage fraud news in New York City. Indicted attorney Mark Nussbaum — who is in the eye of a legal storm — provided a list of his debtors and creditors as part of an Assignment for the Benefit of Creditors (ABC) to repay an estimated $400 million to jilted creditors. The largest alleged debtor is late real estate investor Mendel Steiner, who Nussbaum claims owes more than $306 million. Other notable debtors include Boruch Drillman ($4.7 million), Eli Puretz ($4.1 million) and Shaya Prager ($1.1 million). Nussbaum’s assets primarily consist of his accounts receivable, […]

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The benefits provide important economic support for older people who cannot work. The White House recently halted changes to the program that had worried some experts.

And now I’m dealing with the consequences.

A sale of insider shares at $421 a share would make Mr. Musk’s rocket company the most valuable private company in the world, as it readies for a possible initial public offering next year.

The MTA is taking offers for more than 300,000 square feet of development rights in Lower Manhattan.  The agency released a request for proposals Friday, seeking a buyer of up to 350,000 square feet of landmarked air rights tied to the Fulton Center.  The transit center shares a zoning lot with the Corbin Building, a terra cotta-clad office building built in 1889, which was landmarked in 2015. Together, the two buildings are underbuilt on the lot by 358,000 square feet, of which the agency is keeping 8,000 for “future flexibility,” according to the RFP.     The potential pool of buyers will […]

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When Mark Nussbaum’s law firm collapsed last year, it left clients scrambling to recoup missing escrow funds – and wondering where their money had gone. A newly filed lawsuit now points to a dead Brooklyn real estate investor as the alleged linchpin of a sprawling scheme in which hundreds of millions of dollars were siphoned from client escrow accounts.  The lawsuit, filed by the lawyer handling the liquidation of Nussbaum’s former law firms, seeks to recover about $330 million from two entities formerly tied to the late Borough Park-based real estate investor Mendel Steiner. It alleges that Steiner ran a […]

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