Without enough Council override votes, COPA appears dead

January 26, 2026 / no comments

The City Council doesn’t have the votes to overturn former Mayor Eric Adams’ veto of the Community Opportunity to Purchase Act, or COPA. Democratic Council members met on Monday to discuss the bill, which Adams vetoed on his final day in office. At the time, the mayor indicated that the bill “unjustifiably” restricted the pool of potential buyers of certain buildings and created “significant operational and administrative challenges” for city agencies.  During a Democratic conference on Monday, it became clear that not enough members favor overriding the veto. A member who attended the conference told The Real Deal that constitutional […]

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

Law firm inks 33K sf lease at Tishman Speyer’s 30 Rock

January 26, 2026 / no comments

A global law firm is climbing to the top of the Rock. Withers has inked a 33,000-square-foot lease at Tishman Speyer’s iconic 30 Rockefeller Plaza, the landlord announced. The firm’s New York headquarters will occupy the 54th floor of the Midtown Art Deco building under a 15-year lease. The asking rent was $112 per square foot, per the New York Post. Withers is relocating its headquarters from 430 Park Avenue, joining a mix of corporate, media and professional services tenants that call 30 Rock home. Recent new tenants to the building include executive recruiting and consulting firm DHR Global, floor […]

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

Carmel Partners buys piece of $500M UWS apartment portfolio

January 26, 2026 / no comments

Ron Zeff’s Carmel Partners is buying into a $500 million multifamily portfolio that was pitched as an investment shielded from a potential rent freeze under Mayor Zohran Mamdani. The investment firm is nearing a deal to buy MetLife’s minority stake in a 5 building, 710-unit portfolio near Columbus Circle, The Real Deal has learned. Four of the five buildings are free market, and the fifth is subject to an older 421a agreement under which an owner could raise rents by 47 percent before hitting their legal rent limits. MetLife put its piece of the deal up for sale over the […]

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

Feds probe Frank Carone, Adams confidant with deep real estate ties

January 26, 2026 / no comments

Frank Carone, a longtime Brooklyn power broker and former chief of staff to ex-mayor Eric Adams, is under federal investigation. Federal prosecutors in Brooklyn are scrutinizing Carone’s business dealings and his time inside City Hall as part of a long-running corruption inquiry, according to the New York Times. The probe has been active since at least early 2024 and could still end without charges. The investigation’s full scope remains unclear. But if it produces an indictment, it would add another hit to the legacy of the Adams administration, which was battered by overlapping corruption probes into top aides and allies. […]

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

Legion’s 1122 Madison Ave tops Manhattan’s luxury contracts

January 26, 2026 / no comments

Just a week into its sales launch, Legion Investment Group and Nahla Capital’s Upper East Side development snagged the top spot in Manhattan’s luxury market.  A condo at 1122 Madison Avenue, asking $14.6 million, was the priciest of 23 properties in the borough asking $4 million or more to find buyers last week, according to Olshan Realty’s weekly report. The total was slightly higher than the previous period, which saw 21 luxury homes enter contract.  Unit No. 11 North will span 3,200 square feet and have five bedrooms and four bathrooms. Plans for the apartment also include 11-foot ceilings and […]

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

NBA Star Giannis Antetokounmpo Buys Chicago Apartment, Continuing CRE Acquisition Spree

January 26, 2026 / no comments

Milwaukee Bucks star player Giannis Antetokounmpo dished out just over $21M for a Chicago apartment building, continuing his crossover into commercial real estate ownership. 
An affiliate of Antetokounmpo’s family office, Ante, bought a 56-unit, four-story apartment building at 4513 N. Clark St. on the North Side of the city, CoStar News reported. The property, called Harmony Apartments, was completed in 2024. The deal was brokered by Essex Realty Group, and Old National Bank backed it with an $11M loan.