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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Markets appear to be hoping again that the central bank will cut rates next month, and that the artificial intelligence boom has room to run.

With Japan’s new leader refusing to back down from China’s show of force and claims on Taiwan, Xi Jinping picks up the phone to try to pry the U.S.-Japan alliance apart.

The Trump administration is trading billions of dollars of taxpayer money for ownership stakes in companies. The unusual practice shows no sign of slowing.

The popular app’s online marketplace is growing rapidly in the United States, driven by TikTok’s popularity and influencer advertisements that look a lot like TV infomercials.

The trade war with the United States, bans on U.S. wine and liquor imports and a recent distributor strike in British Columbia have Canadians giving their homegrown wines another look.

New tools and features from retailers and tech companies use artificial intelligence to help people find gifts and make decisions about their shopping lists.

The dual-nation island of Dutch St. Maarten and French St. Martin offers lots of frugal diversions, including vivid street murals, hilly hikes and local barbecue.