Joe Gebbia, a confidant of the technology billionaire and a Tesla director, is also a leader of the federal cost-cutting team. The fight might put him in a bind.

There were 210 deals recorded, totaling about $236 million, in New York City on Tuesday, July 1. 🏆Residential: The top residential sale recorded in New York City was for a $21.5 million condominium unit at JDS Development and PMG’s 111 West 57th Street along Billionaires’ Row. The sponsor unit went to Piranha Real Estate LLC. […]

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Negotiations have stalled ahead of next week’s deadline, with some suggesting Japan misjudged the depth of President Trump’s frustration over Tokyo’s policies.

In Manhattan, the second quarter was a tale of two residential markets.  More cash buyers traded condos and co-ops at the high-end of the market, fueling a record high share of cash deals in the borough and a sizable increase in sales, according to Miller Samuel’s quarterly report for Douglas Elliman. The uptick in activity […]

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Move over, Billionaires’ Row — bring on the boutique condo boom VM Properties Group and the Kaliner family’s RoundSquare Development are seeking to build the latest small, upscale condo building in Manhattan. The group of developers secured a $26.2 million construction loan from Urban Standard Capital for a new 11-story luxury condo at 227 West […]

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At first glance, I wasn’t blown away by changes to the land-use process advanced by the City Charter Revision Commission. Then I looked again. Some of the land-use proposals were expected: Faster, easier pathways to approval for affordable housing, for clearly beneficial infrastructure projects and for small developments. But I was most interested in how […]

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Community Preservation Corp has been working with distressed buildings for 50 years.  But when the organization won a joint stake in nearly $6 billion of debt from a failed bank tied to rent-stabilized buildings, it had to do things a little differently.  “At a high level, what we’re doing is a process we’re very familiar […]

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A plan by Oman is being closely watched by other governments in the region that are preparing for a world beyond oil.

California housing developers could begin to see the impacts of the state legislature’s reforms to the California Environmental Quality Act as soon as next week as plans in the pipeline are freed from restrictions that may have slowed them.
The reforms, initially sponsored by Oakland Assemblymember Buffy Wicks and San Francisco state Sen. Scott Wiener, are designed to speed up housing construction by exempting certain projects from the environmental review process. 

A revival of U.S. solar panel manufacturing that began during the first Trump administration could end with the phasing out of tax incentives for clean energy.