Shares in real estate stocks reacted positively to the Budget Wednesday, as fears that Labour’s tax and spending plans would roil financial markets did not materialise.
The FTSE 350 Real Estate index rose 2% on Wednesday after UK government borrowing costs dropped to some of their lowest levels this year.
Shares in Big Yellow led the charge, rising 4%. That was partly driven by the fact that the sector will not face significantly higher business rates, as had been feared. That could pave the way for a takeover of the company by Blackstone.
British Land shares rose 3.5%, while Great Portland Estates shares rose…
Treasury Secretary Scott Bessent has offered a variety of creative justifications for President Trump’s import duties.
The saga of the Elizabeth Street Garden is taking a holiday break. The would-be developers of the affordable housing project at the Nolita site paused their lawsuit against the city over the weekend, Crain’s reported. The freeze appears to stem from negotiations with the city over an alternate site for the project, though those discussions seemed to be taking place when the lawsuit was filed. The talks revolve around 22 Suffolk Street, a smaller lot a half-mile away from the garden. Council member Christopher Marte endorsed a 200-unit, all-affordable development for that site. “We are pleased to have reached an […]
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Firefighters were struggling to bring the blaze under control in a densely populated complex in the city’s northern Tai Po district hours after it started.
Kevin Hassett, a top White House economic adviser , is said to become the front-runner to lead the Federal Reserve, raising questions about its independence.
Readers have been sending me examples of bureaucratic city rules that waste time and money. Here’s one that has persisted for decades: HPD’s annual property registration. As the treasurer of a small condominium, I have been doing this annoying task for 30 years — and it still hasn’t been digitized. As multifamily owners and property managers know, the form is online and is populated with the information from the previous year, which is helpful. But here’s the problem: You have to print it, sign it and mail it in. What the heck? HPD’s technology is decades behind. In 1969, NASA […]
This article originally appeared on The Real Deal. Click here to read the full story.
There were 240 deals totaling $471 million recorded in New York City in the 24 hours before 4 p.m. on Tuesday, Nov. 25, 2025. 🏆 Residential: The top residential transaction recorded in New York was in Chelsea, where a triplex penthouse at 520 West 28th Street changed hands for $26.5 million. The seller was billionaire co-founder of Fortress Investment Group Wesley Edens, and the buyer was Chelsea 520 West LLC. Edens purchased the pad in 2020 for $20.2 million. The unit has more than 6,600 square feet of living space and another 2,500 square feet of outdoor space, including a […]
This article originally appeared on The Real Deal. Click here to read the full story.
Firefighters tried to douse the blaze at an apartment complex in the city’s northern Tai Po district, which killed at least four people.
Jared Bush is trying to make the heart of the media empire beat more consistently. “Zootopia 2” will be a test.
Companies said they managed tariff pressures in the latest quarter as consumers focused on discounts and high quality.