A Blackstone-owned Seattle office tower could be underwater — literally.  Frankfurt-based Dekabank alleges in a lawsuit that Blackstone Property Partners’ fund failed to repair and maintain the 23-story Exchange Building in Downtown Seattle, allowing “persistent water intrusions” through the property windows, requiring a full repair of the building facade. Dekabank, the lender on the property, alleges Blackstone’s inaction has been “disastrous” and led to at least $17 million in repairs.  The German lender further alleges Blackstone was more concerned with the bottom line than the state of the property. Blackstone put off maintenance that would have prevented the water damage, […]

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California Democrats are fighting over a proposed wealth tax. Can our panel of experts sort out the merits?

Will he or won’t he? That was the question leading up to the Real Estate Board of New York’s annual gala on Thursday.  The trade group invited Mayor Zohran Mamdani to the event, but the new mayor didn’t show. This wasn’t terribly surprising, given that last year the mayor — then an Assembly member — protested outside the gala, and indicated this week that he had no plans to attend this year’s party at the Waldorf Astoria New York.  Then again, mayors have turned up or canceled at the last minute in previous years, left before the dinner to meet […]

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

The president’s legal efforts against the Wall Street giant and Jamie Dimon, its chief executive, have put Corporate America on edge.

Dropping rates more than conditions warrant would stimulate the economy in the short term but could lead to trouble, our columnist says.

Older high-income workers who make contributions beyond the standard amount will have to put that extra money into a Roth 401(k). That may lower their take-home pay.

Overlooked amid the Trump administration’s steady beat of stunning news — ICE actions, the Greenland takeover threat, the Venezuela incursion — is a steady beat of actions targeting criminals. Unfortunately, these criminals are being targeted not for arrest and prosecution, but for clemency and pardons. They are all white-collar crooks, some convicted of duping mom-and-pop investors. These crimes often involve real estate schemes, where smooth-talking businessmen (they’re always men, it seems) round up money to invest in properties offering robust returns. Instead, they spend the money to support a high-flying lifestyle involving fancy cars, luxury travel, Rolex watches and expensive […]

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

There were 240 transactions totaling $380 million filed in New York City records in the 24 hours before 4 p.m. on Thursday, Jan. 22, 2026. 🏆 Residential: Actor Will Arnett had the top residential deal recorded in New York City. The actor, via a trust named after his late grandmother, purchased a townhouse-style condo at 3 Morton Square in the West Village for $10.6 million, according to property records and Crain’s, which connected Arnett to the trust. The seller was another trust. The property, which had previously sold in 2004 for $3.4 million, spans 3,700 square feet, pricing the deal […]

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

Managers of electric grids say freezing temperatures and ice and snow could lead to power outages in many places, potentially leaving millions in the dark.

The artificial intelligence tool generates computer code when people type prompts, so those with no coding experience can create their own programs and apps.