Turns out, being debt-ridden and in danger of foreclosure — as well as associated with a disgraced comedian — did little to dent the sale price of Bill Cosby’s Upper East Side townhouse. Cosby sold his property at 18 East 71st Street for $28 million, the New York Post reported. The seven-story residence traded hands less than two months after it hit the market and for only $1 million below the $29 million asking price. The identity of the buyer was not disclosed. The deal, which works out to $2,154 per square foot, was first reported by Realtor.com. Cosby put […]

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Seregh, a sports real estate firm that launched last year with backing from prominent industry players, is bolstering its leadership ranks and bringing in a new tech platform as it plots a global expansion. 

Sapir Corp has placed its Nomo Soho hotel into Chapter 11, the latest development in the ongoing collapse and liquidation of Alex Sapir’s Israeli-backed real estate company. Alex Sapir’s firm filed a petition Tuesday in bankruptcy court in Manhattan, seeking to run a court-supervised auction for the 26-story boutique hotel at 9 Crosby Street. The move is designed to cement a sale and pay down Sapir Corp’s $155 million in bond debt across two Israeli bond series. The filing comes three weeks after Sapir Corp entered insolvency proceedings in Israel, where the company told the Tel Aviv-Jaffa District Court that […]

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Two people stand in the way of NYCHA and a fresh vision for its West Chelsea developments. Last week, a judge refused to order two senior citizens residing in the Fulton and Elliott-Chelsea Houses to immediately vacate, Crain’s reported, throwing a wrench in the $2 billion plan to demolish and rebuild the properties. In her ruling, ​​Judge Emily Morales-Minerva said NYCHA “cites no authority for the ‘emergency’ relief requested, which involves forcing a NYCHA tenant to relocate for the purposes of updating an apartment with ‘modern amenities.’” Morales-Minerva added that NYCHA failed to explain how not making immediate updates to […]

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Bill Ackman, the head of Pershing Square and the largest common shareholder of Fannie Mae and Freddie Mac, is urging President Donald Trump’s administration to hold off on ending government oversight over the cornerstones of the U.S. mortgage markets. 
“We do not believe that a sale of a piece of Fannie and Freddie to the public is either feasible or really desirable at this moment in time,” Ackman said during a presentation on X Tuesday morning. 
Ackman listed several reasons why he didn’t think an initial public offering of shares of the stock on the public market would achieve maximum value for…

Related Companies and partner Oxford Properties found a buyer for a portion of 35 Hudson Yards four months after kicking off an exploration of a sale. Japan’s Mori Trust purchased 38 stories of the property for $540 million, Bloomberg reported. The acquisition encompasses office, retail, fitness and hotel space at the property, leaving the for-sale residences out of Mori Trust’s hands. The components Related and Oxford made available in June included 180,000 square feet of fully leased office space, an Equinox gym — the fitness company is a subsidiary of Related — and a retail component that was 73 percent […]

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The case against Gautam Adani, the infrastructure titan and a close associate of Prime Minister Narendra Modi, has stalled with no sign of progress.

The new artificial intelligence model is the second the company has released this year. OpenAI and Anthropic made similar updates a few months ago.

Speaking at a gathering of McDonald’s franchise owners and operators, the president boasted that he had “normalized” inflation.

The big box retailer said tariff costs and elevated mortgage rates have slowed consumer spending on new homes and remodeling projects.