The data center boom remains a gold rush for commercial brokers, but fortune seems likely to favor those adapting to the changing dynamics of the industry. On this week’s episode of The Real Deal’s “Deconstruct” podcast, hosts Hannah Kramer and Lilah Burke talk to Raul Saavedra, who heads Colliers Americas’ data center advisory practice out of San Francisco. The Digital Realty alum discussed how the pandemic upended the sector, contributing to a “massive uptick of compute” needs that quickly aligned with the growth of artificial intelligence. The market wasn’t ready to respond immediately to that growth, according to Saavedra. Saavedra […]

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An Upper East Side townhouse and Noho condo once owned by actor Jonah Hill topped another sluggish week for Manhattan’s luxury market.  Buyers signed contracts for 15 homes in the borough asking $4 million or more between Aug. 17 and Aug. 23, according to Olshan Realty’s weekly report. The total was lower than the previous period, when 18 properties found buyers.  Inked deals for luxury homes in Manhattan have continued to dip this month, as is typical for late summer. The decade average for the third week of August is just 17. The priciest property to snag a signed contract […]

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Staller Associates is on the hunt for tax breaks for a Port Jefferson Station project that’s been stuck in the mud for several years. The Long Island-based developer applied for up to $7 million in sales and mortgage tax exemptions for its redevelopment of Port Jefferson Plaza, Newsday reported. Staller is also seeking 25 years in tax breaks from the Brookhaven Industrial Development Agency. The breaks would be in service of a $190 million project in the Suffolk County hamlet. Staller’s development would include 280 housing units across two buildings, 20 percent of which would be set aside for those […]

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Most U.S. farmers will lose money this year. Landowners and investors are increasingly trying to make money from their land, not what can be grown from it.

President Trump vowed to increase tariffs on cars, trucks, auto parts and steel to 50 percent starting Jan. 1, as the countries edged toward a full-blown trade war.

Prime Minister Mark Carney’s decision to retaliate against U.S. tariffs has drawn praise from China, and exposed a rift in the Trump administration.

Newmark’s headquarters at 125 Park Avenue — normally a buzz of high-power dealmaking — has been strangely quiet this summer. The company is renovating several of its floors. Many top brokers have been working offsite for the past few weeks, waiting to return and see who’s gotten the most desirable new digs. It’s not clear if the new setup will retain the layout preferred by longtime CEO Barry Gosin, who famously worked not from an office but instead from an open bullpen, a lá Michael Bloomberg when he was in City Hall. Office architecture, however, is far from the most […]

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An arbitrator ordered the newspaper to reinstate Karen Attiah, who was fired after posting about “white men who espouse hatred and violence” following Charlie Kirk’s killing.

Treasury Secretary Scott Bessent is expected to announce an escalation of sanctions aimed at further isolating Iranian trade.

RJ Shook of Shook Research said he paid Randall Lane, the former top editor at Forbes, for “services and guidance” in partnering with Forbes and later selling his research firm.