Would you pay $773,000 for an apartment in Syracuse, where the median home costs one-fourth as much? New York state is doing just that. The state just broke ground on East Adams Phase I, a $102 million, 132-unit affordable housing development on public land in Syracuse. That’s $773,000 per unit — about as much as it would have cost in New York City. However, that per-unit cost would be much easier to justify in New York City, where half of all homes sell for more than $845,000. In Syracuse, not a single house is selling for that much. The median […]

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Hearings that began Wednesday in Washington reflected anxiety over the future of the U.S.-Mexico-Canada trade pact and whether the president could end up scrapping it.

Investors are deciding within 15 minutes whether to shovel millions into A.I. start-ups and taking entrepreneurs weight lifting and rock climbing to get deals done.

When the Astor Place Starbucks closed in 2024 after nearly 30 years, it left a hole in a busy East Village commercial strip — and in the pocket of the Gindi family.  The value of the commercial condo at 21 Astor Place has dropped 72 percent in a decade, from $42 million to $11.7 million, according to Morningstar Credit. The owner, an entity connected to Isaac and Edward Gindi, is currently battling foreclosure.  A company now associated with the Gindis bought the commercial condo for $13 million in 2004, according to city records. Ownership interests appear to have transferred several […]

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The Chetrit Organization has turned two years of negotiations into a done deal for the debt at 65 Broadway. Michael Chetrit’s firm restructured the debt at the 355,000-square-foot office property in the Financial District and extended the maturity date, the Commercial Observer reported. To land the three-year extension on the $151.5 million CMBS loan, Chetrit pumped in additional equity, which subordinates part of the debt. Iron Hound Management’s Kevin Thompson and Will Forbes negotiated the deal with special servicer CW Capital and a CMBS trust. “We believe in a positive future for this asset going forward,” Michael Chetrit told the […]

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The economy, inflation, tariffs, bubble fears, crypto and other big topics that made headlines this year.

The start-up is now valued at about $8 billion as it pushes to add new customers, including those outside law firms.

This Friday marks the one-year anniversary of the City Council approving City of Yes for Housing Opportunity.  Time flies when you are…overhauling a zoning code that hasn’t been significantly changed since 1961? The Council approved the text amendment last Dec. 5, which made several changes, including eliminating minimum parking mandates for new construction in parts of the city, legalizing accessory dwelling units, expanding the types of buildings eligible for office-to-residential conversions and creating new higher-density residential districts that can be mapped throughout the city.  For a refresher, here’s a cheatsheet with details on the biggest changes.  Since the City Council’s […]

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There were 210 transactions totaling $544 million recorded in New York City over the 24 hours before 4:00 p.m. on Wednesday, Dec. 3, 2025. 🏆 Residential: The top recorded home sale in the Big Apple was in Tribeca, where a penthouse at 443 Greenwich Street sold for just under $40 million — the asking price for the unit and about 28 percent more than its last trade price. The seller was Menemshovitz NY Realty, Inc., which purchased the pad in 2022 for $29 million. The buyer in the latest transaction was Greenwich St PHG LLC. The unit spans about 5,400 […]

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Skilled workers from Taiwan engaged in the chip industry have found ways to ease the transition to America while making an imprint on Greater Phoenix.