This week, I heard from an affordable housing developer who is increasingly worried about the federal government shutdown — food stamps and rental vouchers, in particular. Not only has the shutdown gone on longer than is typical, but the Trump administration has taken some seemingly discretionary actions to pressure Democrats to make a deal. Usually, the federal government tries to minimize the impact of shutdowns. But Donald Trump is not your usual president. He is always looking for leverage and is not a slave to political norms. As such, he has spoken openly about the shutdown giving him an opportunity […]

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The Times now has 12.33 million total subscribers to all of its products. It has said it is aiming for 15 million by the end of 2027.

Many financiers are vowing to play nice with Zohran Mamdani, but some are already thinking about how they will blunt the mayor-elect’s most liberal initiatives.

The artificial intelligence startup Sierra is set to sign its third office lease in San Francisco in as many years. The firm, headed by OpenAI Chair Bret Taylor, plans to take 300K SF at 185 Berry St. The two-building complex, known as China Basin, is also home to Lyft’s headquarters.  
The deal is expected to close imminently, according to the San Francisco Business Times, which reported the potential lease on Monday, citing anonymous sources.

New Yorkers voted in favor of three ballot measures Tuesday that were designed to accelerate the process for approving housing development in a city battling a dire shortage.

America went to the polls Tuesday in an election wave that could redraw the nation’s development map and reset the flow of real estate capital heading into 2026.
From statehouses to city halls, voters weighed choices that will dictate where buildings rise, how projects get financed and who holds sway over growth, zoning and infrastructure dollars.

The global center of capitalism has elected Democratic Socialist Zohran Mamdani as its next mayor.

President Trump and administration officials indicated the fallout could intensify in the coming days, even as he has kept himself at a remove from the crisis.

The measure, known as Proposition 50, is an attempt to counter a push in Republican-led states to redraw congressional districts.

The technology supplier said it was shifting its focus to higher-growth businesses, including A.I. consulting and software.