The new program, Direct File, helped low- and moderate-income taxpayers file their returns more easily, and had been expanding.

The central bank held interest rates steady on Thursday, a decision that came at a time when British policymakers and lawmakers are confronting economic challenges.

As the government shutdown continues, more challenges await passengers as they deal with the newest announcement from the Trump administration: a 10 percent cut in flights at 40 U.S. airports.

Despite shoppers’ concerns about rising costs, inflation and the government shutdown, retailers predict sales will increase as much as 4.2% over the holidays.

A top Hamptons broker has left Saunders & Associates to join Christie’s International Real Estate Group.  After a decade with his former firm, Ed Bruehl has taken up a new post as managing director of Christie’s East Hampton office, the brokerage’s only outpost in the luxury enclave.  Bruehl and his former business partner, Jennifer Wilson, closed $177 million worth of deals between June 2024 and June 2025, earning them the No. 9 spot in The Real Deal’s latest ranking of the top brokers in the Hamptons.  Wilson will not join Bruehl at Saunders, though he has brought over his junior […]

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A month after defaulting on its mortgage and landing in special servicing, 650 Madison Avenue may be nearing its last days as a Vornado Realty Trust asset. The lenders at the Plaza District office tower are expected to take control shortly, according to Piper Sandler analyst Alexander Goldfarb. He further predicted the banks would try to quickly sell the building, referring to it to Crain’s as “kryptonite to a lender.” Vornado chief executive officer Steven Roth appears resigned to the loss. During an earnings call on Tuesday, he said that “bad stuff happens every once in a while, even to […]

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

Las Vegas-based gaming company Golden Entertainment is going private after selling off its operating assets and seven of its casinos in a nearly $1.2B deal.

One of the world’s largest investment banks is exploring how to hedge against its exposure to the data center market.
Deutsche Bank executives have discussed methods to manage billions of dollars in debt on its balance sheet that are tied to the data center industry, the Financial Times reported, citing sources familiar with the talks.
Strategies discussed included shorting a collection of artificial intelligence-related stocks or using derivatives such as a synthetic risk transfer, according to the report.
Deutsche Bank’s exposure to the sector is centered on businesses that service hyperscalers like Alphabet, Microsoft and Amazon, with debt secured by long-term contracts, according to the…

A mosque in Brooklyn is getting into the housing game with the help of a New York-based developer. Kalel Companies and the Masjid Abdul Muhsi Khalifah mosque are pursuing a mixed-use redevelopment of the latter’s space at 1166 Bedford Avenue in Bedford-Stuyvesant, Crain’s reported. The mosque has owned the site, alternatively addressed at 120 Madison Street, since the 1980s. The venture aims to raze the three-story property and replace it with a 12-story, 94,000-square-foot building with 144 senior housing units, according to a rezoning application submitted to the Department of City Planning. The development would include more than 13,000 square […]

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One day after Zohran Mamdani was elected New York’s mayor, JLL fired a top commercial broker who compared the politician to Adolf Hitler and said he did not wish to hear Islamic prayers at City Hall year-round.  Scott Panzer was fired Wednesday after he responded to an office-wide email encouraging the employees to find ways to work with the new mayor for the betterment of the city, two sources confirmed to The Real Deal.  Peter Riguardi, president of JLL’s New York office, sent an email earlier in the day sharing his thoughts on things like rent control, working with Donald […]

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