Thousands of affordable housing landlords won’t be getting paid by the government on time this month.
After a decade of consistent payouts, SL Green shareholders could see prospects dim next year. The prominent office landlord may be forced to slash its dividend next year, Crain’s reported. Dividend distributions are expected to surpass adjusted funds from operations — a cash flow metric — according to analysts. “Lower-than-expected (property) sales volumes in 2025 may elevate the risk of a dividend right-sizing,” Evercore ISI analyst Steve Sakwa said in a client note, adding that he saw the landlord as a “net seller” next year. SL Green did not respond to the publication’s request for comment. Since 2016, stockholders could […]
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Data from ADP, a payroll processor, is getting added attention because of delays in official statistics caused by the government shutdown.
Artificial intelligence, inflation and the incoming Trump administration were big topics of conversation.
In the outer boroughs, several asset classes earned top lender dollars in October, including a well-leased industrial campus, ground-up rental buildings and mixed-use developments anchored by major retail. In Brooklyn, industrial and residential projects dominated the leaderboard, with big checks for Acumen Capital’s historic Pfizer complex and Harry Einhorn’s new Greenpoint rental. Lenders also fueled Bogopa’s mixed-use development in Bed-Stuy and Clipper Equity’s Pacific Street residential property. In the Bronx, Simone Development secured fresh financing for a Hutchinson Metro Center building, rounding out a diverse slate of deals as the year winds down. Here are October’s top five outer borough […]
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Andrew Ross Sorkin will interview some of the most powerful people from Wall Street, Silicon Valley and Washington.
Landlords and tenants are leaving money on the table. I’m talking about SCRIE and DRIE, which stand for Senior Citizens Rent Increase Exemption and Disability Rent Increase Exemption. These programs freeze the rent for certain tenants whose rent is more than one-third of their income. But unlike Zohran Mamdani’s promised rent freeze, landlords get a tax credit to make up the difference. Everybody wins. Actually, only 42 percent win. A ridiculous 58 percent of the 160,000 tenants eligible for a rent freeze do not get one. They are not in the program. Tenants need not be poor to qualify. In […]
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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 […]
This article originally appeared on The Real Deal. Click here to read the full story.