Council wants higher wages for building security guards after 345 Park shootings

October 30, 2025 / no comments

Two months after a gunman killed four people at Rudin Management’s 345 Park Avenue, the City Council introduced a measure that would set minimum wages for security guards and increase training requirements.  The Aland Etienne Safety and Security Act, named for one of the security guards killed in the building’s lobby, would set minimum hourly wages and benefits for non-government security guards. The wage floor would have to be at least as much as prevailing wages, which are union-level rates set annually. For unarmed guards in 2026, that rate ranges from $18.02 per hour (plus benefits) to $21.20 (depending on […]

This article originally appeared on The Real Deal. Click here to read the full story.

Bayfront Cutchogue lot sets North Fork record

October 30, 2025 / no comments

The late gallerist Barbara Gladstone was known to have an eye for talent, working with art world luminaries like Robert Rauschenberg and Keith Haring.  She also apparently had an eye for real estate. Her sprawling bayfront home in the Cutchogue hamlet sold for $11.2 million, setting a record on Long Island’s North Fork for a single-family sale. The sale was executed by Gladstone’s estate.  The home at 12120 New Suffolk Avenue hit the market shortly after Gladstone’s death in June 2024, asking $12 million. After an initial contract signed in January 2025 fell through, Compass’ Bridget Elkin and her husband […]

This article originally appeared on The Real Deal. Click here to read the full story.

Hong Kong’s Gaw Capital Partners Pulling Back From U.S. And Europe

October 30, 2025 / no comments

A major Asian investment firm known for its work in the West is pulling back from the U.S. and Europe.
Hong Kong-based Gaw Capital Partners, which has spent nearly $2.5B across U.S. and European real estate, is refocusing on local markets, PERE reported. The firm didn’t immediately respond to Bisnow’s request for comment. 
“Our biggest strength has always been Asia, and so we’re going back to our roots and back to basics,” Chairman Goodwin Gaw told PERE.