Big plans are advancing for the 100-acre site of the former Lakeforest Mall that closed two years ago.
Developer WRS Realty is planning a mixed-use project with 1,600 multifamily units and 1.2M SF of commercial space. And Monday, it announced a partnership with Montgomery County that will make it easier for people to access the property. 

Center City residents doing their holiday shopping in the coming weeks will have many local options for niche, independent and small footprint retailers. But if they want a big-box experience — aside from Target or a grocery store — they will likely need to leave the neighborhood.
The increasingly populous and wealthy section of Philadelphia is no longer the catch-all shopping destination it was when department stores lined East Market Street in the early 20th century.
“This incredible spending power that we have in Center City is not being entirely captured in Center City,” said Center City District Vice President of Economic Development Clint…

Amazon will spend up to $50B to beef up the U.S. government networks that power everything from espionage to drug discovery.
Amazon Web Services announced plans to add nearly 1.3 gigawatts worth of power for its network of servers purpose-built for government use. Construction on the project — details of which weren’t disclosed — is set to start next year. 

As Americans become increasingly concerned about affordability, there’s scrutiny on the annual meal.

A lawsuit claims the cryptocurrency exchange turned a blind eye as $1 billion used to finance the Oct. 7 attacks in Israel and other acts moved through its network.

Some experts see a dangerous combination of factors reminiscent of practices that led to previous financial crises.

The owner of Duty Free Americas nabbed a buyer for his Billionaires’ Row condo.  Falic Group co-founder Leon Falic signed a contract to sell his unit at Vornado Realty Trust’s 220 Central Park South, which last asked $39 million, according to Olshan Realty’s weekly report. The four-bedroom apartment was the priciest of 29 properties in Manhattan asking $4 million or more to land inked deals last week.  An entity tied to Falic bought Unit 32A from the developer in 2018 for $26.5 million. In August 2022, he listed the 3,700-square-foot condo for $37.5 million before pulling it off the market […]

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Mayor-elect Zohran Mamdani named 24 people to his transition committee on housing. Here are the real estate people who made the cut.  Mamdani started the week by naming more than 400 people to 17 different committees. The housing-related group includes nonprofit housing organizations, union reps, Yimby groups, religious leaders, tenant groups, private real estate developers and multifamily lenders.  Those representing the private side include:  The representatives from the private sector are largely affordable housing developers, though obviously REBNY represents various sectors in the industry. The committee doesn’t include leaders from the landlord groups that mostly represent rent-stabilized owners, but it […]

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LOCAL DEK: TRD reports top transactions for Monday, Nov. 24, 2025 🏆 Residential: The top residential transaction recorded in New York was in Nomad. Helios Chamber Orchestra, LLC parted with a penthouse at 400 Park Avenue South for $12 million. The buyer was 400PAS, LLC. The seller had owned the unit since 2016, purchasing it for $12.2 million. The full-floor unit measures just over 4,000 square feet, pricing the latest transactions at about $3,000 per square foot. The condo has five bedrooms, five and a half baths and a private terrace with another 1,000 square feet of space. Nina Popova […]

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Luxury buyers in Brooklyn didn’t wait for Black Friday to snag a rush of deals.  The borough notched 30 contracts — 18 for condos, one co-op and 11 townhouses —between Nov. 17 to Nov. 23 for a total contract volume of $101 million, according to Compass’ weekly report of contracts for homes asking at least $2 million.  It’s only the second time this year the luxury market has cracked the $100 million mark in a single week in the borough. In the first week of October, Brooklyn saw 35 contracts signed for $108 million in total asking volume.  The strong […]

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