In a wide-ranging interview, Stephen I. Miran discussed why he thinks concerns about inflation are overblown and his worries about the economy if the Federal Reserve does not rapidly lower interest rates. Here is a full transcript.

And it’s Max Read.

Developers have finally broken ground on the project, known as Sizewell C, but getting there meant navigating wary investors and local opposition.

The move broke from generations of precedent and added to the Trump administration’s growing list of restraints on the news media.

As NASA worries that China will win the next moon race, Elon Musk and his company tangled with critics.

Developer Bruce Teitelbaum wants Rev. Al Sharpton out.  Attorneys for an entity tied to Teitelbaum filed a petition to evict Sharpton’s National Action Network from its headquarters on 145th Street in Harlem to make way for the long-awaited, 1,000-unit apartment complex known as One45. NAN occupies a one-story building that will be demolished, along with other one- and two-story retail buildings, as part of the development.  NAN’s lease at 106-108 West 145th Street expired two years ago, but the term was extended six times, according to the developer’s attorney. The most recent extension expired at the end of August, but […]

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Roughly a dozen people in Fannie Mae’s ethics unit were fired Thursday without explanation, marking the latest in a series of dismissals at the agency under Federal Housing Finance Agency Director Bill Pulte.
The staffers were part of a team that investigates complaints that come through a tip line, The Wall Street Journal reported. Those investigations include allegations of internal fraud or illegal use of funds.

BentallGreenOak handed back the keys to a Midtown East office tower through a deed-in-lieu of foreclosure. Lender New York Life Real Estate Investors took over the 500,000-square-foot Class A building at 757 Third Avenue, according to property records. The transfer ends BGO’s nearly decade-long ownership of the 1960s-era tower, which appears to have faced occupancy challenges amid a sluggish post-pandemic leasing environment. New York Life estimated the property was valued at about $150 million at the time of the transfer, PincusCo reported, citing industry sources. That’s less than half the Canadian investment firm paid in 2015, when it bought the […]

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Rivington Company is eyeing a new apartment building at its new Financial District development site. At its newly acquired 140 Fulton St, Rivington is planning 99 apartment units and 12,300 square feet of commercial space on the site, according to its website. The finished building is slated to span 136,800 square feet. Developments of just under 100 units have become more common as city tax incentives make smaller buildings more attractive. The city’s 485-x program offers a tax abatement for multifamily construction, but buildings with 100 or more units need to pay higher construction wages to take part in the […]

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

The university faced fierce criticism after it fired the director of student media and said that news coverage could be published only online.