New York University’s Furman Center held a panel Wednesday morning on the city’s rent-stabilized housing stock.  At one point, Samuel Stein, a senior policy analyst at Community Service Society, made a somewhat radical suggestion: Given the distress in rent-stabilized buildings, if landlords don’t take part in well-designed city programs meant to help them, maybe someone else should take over. Then, suddenly, the lights went out.  “The specter of government ownership!” Stein joked.  It’s an interesting time for rent-stabilized housing. Zohran Mamdani’s successful mayoral campaign has contributed to a sense of left-wing momentum, all while distress in the sector is growing […]

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There were 269 transactions totaling $379 million recorded in New York City over the prior 24 hours before 4 p.m. on Friday, Nov. 21, 2025. 🏆 Residential: The top residential transaction recorded in New York was for a three-bedroom condo at 111 West 57th Street along Billionaires’ Row. Qi Zhou and Peiyun Liao paid $21 million for a 4,200-square-foot pad. A Sotheby’s International Realty team led by Nikki Field is handling sales at the property, which was developed by JDS Development Group and Property Markets Group. The original listing price for the unit, when it hit the market in 2019, […]

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A number of notable landlords and developers found themselves in trouble in New York this week. Steve Croman is combating more than 28 active foreclosure lawsuits targeting properties he controls. In total, lenders allege Croman’s entities defaulted on more than $231 million in loan principals.  Twenty-one of the foreclosure suits were filed in the last week, many zby lender Orange Owner LLC. The principal of those associated loans totals more than $189 million In a court filing, Croman denied many of the allegations. But it’s just the latest issue for the man once dubbed the city’s worst landlord, who served […]

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Some of the biggest names in residential real estate traded the boardroom for a drab Manhattan courtroom this week.  The four-day hearing kicked off on Tuesday with testimony from Compass CEO Robert Reffkin on his firm’s lawsuit against Zillow’s rules barring agents from listing homes on the platform that were publicly marketed outside of the MLS. Compass sued the aggregator in June, seeking to block what it deemed “anticompetitive” policies enacted after the firm rolled out a new marketing strategy, which begins with sellers listing their homes on Compass’ private exclusive listing network.  Joining Reffkin in the courtroom were some […]

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The deal would combine two of the country’s major newspaper groups, a move likely to attract antitrust scrutiny.

A growing batch of companies give customers access to whatever medical tests they want — no doctor’s orders required.

Too many couples have “undiscussed assumptions” about how they’ll live and spend once they leave the work force, experts say.

A windfall for companies that build data centers and their suppliers is overshadowing weakness in other industries.

The Jim Henson Company sold its longtime studio and is auctioning Muppets memorabilia for the first time in its 70-year history.

The rapidly rising premium for Part B, which covers retirees’ outpatient services, reflects the fast pace of growth for health care costs nationally.