The highly anticipated event covered a lot of ground on tariff and trade barriers, but questions remain about reaching a lasting accord.

Warren Buffett famously said, “Only when the tide goes out do you discover who’s been swimming naked.” In the same vein, the proposed City Charter revisions are revealing who is truly pro-housing and who has just been faking it. Last year, the City of Yes vote similarly exposed certain politicians and neighborhoods as anti-housing, but we already knew who they were — people who oppose change to their neighborhoods, aka conservatives. On the charter questions, being voted on through Nov. 4, it’s the progressives’ turn to show their true colors. City Council Speaker Adrienne Adams and many of her colleagues […]

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Characters from the hit Netflix film are among the most coveted outfits this year, and scarcity has forced some to improvise.

China has suspended export controls announced this month, but was conspicuously silent about rules imposed earlier, which are snarling global supply chains.

Four neighborhood rezonings down, one more to go.  The City Council on Wednesday approved the Jamaica rezoning, which is projected to net nearly 12,000 apartments.  It also reached a deal on the Long Island City rezoning. The Adams administration pledged more than $1.5 billion in various investments to secure the local Council member’s approval. That rezoning, which must go back to City Planning for review before going to a full City Council vote, is expected to result in 14,700 apartments.  The commitments made in these rezonings will be the purview of the next mayor, of course.  As will those made […]

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Projects in New York City’s outer boroughs scored big in September as lenders opened their wallets for multifamily, mixed-use, and industrial buildings. Alloy Development’s Downtown Brooklyn passive tower landed the month’s largest loan, for $375 million from Kayne Anderson Real Estate. Nearby, Goldman Sachs backed JCS Realty’s Boerum Hill rental with a $121 million loan. A self-storage portfolio and art storage warehouse also nabbed refinancings. Here are September’s top five loans inked for the outer boroughs. Passive payday | $375M | Downtown Brooklyn Kayne Anderson Real Estate provided $375 million in loans for Alloy Development’s One Third Avenue, a 583-unit […]

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There were 181 transactions totaling $311 million recorded in New York City in the 24 hours before 4 p.m. on Wednesday, Oct. 29. 🏆 Residential: Billionaires’ Row had the priciest home sale recorded in the Big Apple on Wednesday, Oct. 29. Kym Louise Johnson, an Australian ballroom star and wife of businessman and “Shark Tank” investor Robert Herjavec, dropped $20.1 million on a sponsor unit at 111 West 57th Street, developed by JDS Development Group and Property Markets Group. The full-floor residence spans nearly 4,500 square feet, pricing the deal at roughly $4,500 per square foot. The unit’s first asking […]

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China agreed to suspend for a year some of its limits on exports of rare earth metals, while the U.S. halved its fentanyl-related tariffs.

From California to the Mediterranean, abandoned groves are being restored to life in order to save shrinking towns and prevent environmental damage.

As climate change has helped push cocoa prices higher, companies are changing candy recipes in subtle ways.