Simon’s Takeover Of Upscale Mall Operator Leads To 105 Layoffs

November 21, 2025 / no comments

More than 100 workers in the Detroit suburbs are being laid off as part of retail REIT Simon’s acquisition of Taubman Realty Group. 
Taubman disclosed it was closing its headquarters in the suburbs of Detroit and eliminating 105 jobs in a Worker Adjustment and Retraining Notification Act post in mid-November after Simon Property Group announced the purchase of the 12% of Taubman shares it didn’t already own.   

Here are the real estate loose ends of the Adams administration 

November 21, 2025 / no comments

Every mayoral administration leaves office with unfinished business, be it specters of campaign promises gone unfulfilled or ambitious plans approved but not yet enacted.  Such loose ends can haunt incoming administrations but can also lay the groundwork for future wins. Others are tossed aside as a new mayor sets their own agenda.  “It is a balancing sort of thought process between ‘how I, as a new administration, can make a big splash, and ensure what I do is feasible,’” said Anita Laremont, a partner at Fried Frank and former director of the Department of City Planning.  When Mayor Eric Adams […]

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

City eyes 2,500-home overhaul for Staten Island waterfront

November 21, 2025 / no comments

New York City is taking another swing at Staten Island’s North Shore, trading failed tourism bets for a full-scale neighborhood buildout.  The New York City Economic Development Corporation and Council member Kamillah Hanks unveiled a sweeping vision to remake Empire Outlets and the former New York Wheel site into a mixed-use district anchored by as many as 2,500 new homes. The vision is a major shift for a waterfront defined more by stalled projects than momentum. The plan, shaped through months of community workshops with more than 1,000 residents, moves away from the city’s decade-long pursuit of drawing visitors to […]

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

The Daily Dirt: Enough with the mandates

November 21, 2025 / no comments

Remember the commercial where a man in scrubs performing a surgery turns out to be an imposter?  “You’re not Dr. Stewart!” says a shocked nurse. “No,” he replies. “But I did stay at a Holiday Inn Express last night.” The tagline: “It won’t make you smarter. But you’ll feel smarter.” City Council members sometimes remind me of that fake doctor. Consider the mandates they are proposing to “increase housing affordability for low-income New Yorkers and families,” according to a press release. The mandates would actually throw a monkey wrench into the complex machinery of affordable housing development. The “problem” they […]

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