At two congressional hearings, lawmakers slammed executives of major companies, saying they were failing to rein in the cost of medical care for consumers.
The Metals Company, a prominent seabed-mining company, applauded the change and filed a new application more than doubling the area it hopes to mine.
It remains unclear whether the aircraft would get the full Air Force One security upgrades, which industry experts said could take up to two years to complete.
A long-simmering family feud over a sprawling New York real estate portfolio has flared up again. Steve Jemal filed a new lawsuit this week in Manhattan Supreme Court accusing his brother, Alan Jemal, and their mother Ruth of siphoning money from a network of jointly owned real estate companies, cutting him out of management decisions and using the businesses as “personal piggy banks.” The suit targets ten limited liability companies that own properties across the city, from Harlem to Brooklyn and the Bronx. Together, the entities hold a portfolio that has been controlled for years by members of the Jemal […]
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Retail occupancy in Houston hasn’t dipped below 90% since 2013. In recent years, it has remained comfortably above that threshold.
The owners of 745 Fifth Avenue are waving the white flag on a residential conversion and recommitting to offices, a pivot that underscores how far Manhattan’s top-tier office market has clawed back. Rithm Capital and the von Finck family abandoned plans to turn the Plaza District tower into apartments last year, according to a recent Fitch Ratings report detailed by Crain’s. Instead, the partners are moving forward with a $275 million refinancing that includes nearly $40 million of fresh equity and another $25 million earmarked for future leasing costs, capital improvements and other expenses. The prewar, 470,000-square-foot building was about […]
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Commercial real estate AI company Cambio announced its public launch and $18M in Series A funding.
San Francisco-based Cambio uses agentic artificial intelligence, or AI that can perform tasks toward a certain goal with limited supervision, to take in building data and then use that information to evaluate performance, note retrofit opportunities and generate capital strategies.
Money flooded back into the office market last year, but it wasn’t spread evenly among building classes, according to a new report
Lenders outlaid nearly $46B in loans in 2025, a 92% increase from the year prior, according to a study by Avison Young. But 70% of new loan originations were for trophy office assets.
Lenders also preferred top gateway markets, with office loan originations jumping nearly 560% in Silicon Valley to $883M, more than 300% in Manhattan to $23.5B and 127% in Orange County, California, to $847M, the study shows.
At the same time, lenders pared back on office loans in Phoenix, Los Angeles…
To conduct its much-maligned crackdown, Immigration and Customs Enforcement needs real estate. One pursuit in the Hudson Valley is being met by swift resistance. ICE is attempting to buy a warehouse at 29 Elizabeth Drive in Chester, Bloomberg reported. The owner of the warehouse is an affiliate of billionaire investor Carl Icahn, who didn’t comment to the local press, other than to say he became aware of the situation through a local newspaper. Last trading hands at the end of 2021, the warehouse is 60 miles from Manhattan and 15 miles from the airport, relevant when considering ICE’s typical operations […]
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L+M Development Partners and SMJ Development are looking to build one of Brooklyn’s largest mixed-use projects in recent years, potentially bringing more than 2,000 apartments to Bedford-Stuyvesant.