The monarch of a Southeast Asian nation — and one of the richest men in the world — is ready to flex his wealth in Manhattan’s hotel market. Hassanal Bolkiah, the sultan and prime minister of Brunei, is in talks to purchase the Pierre Hotel at 795 Fifth Avenue, a person familiar with the situation […]
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Will the real Zohran Mamdani please stand up? Is he the socialist mayoral candidate who states in his housing plan that New York City has been foolishly “waiting on the real estate industry to solve a housing crisis from which they profit”? That version of Mamdani says rezoning to encourage private development doesn’t deliver on […]
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Rachel Reeves, the chancellor of the Exchequer, broke down public spending plans, including more money for the military, public transport and affordable housing.
Vornado Realty Trust and its partner scored a stellar deal to refinance their big multifamily complex in Tribeca. Steve Roth’s firm and Stellar Management landed $675 million in commercial mortgage-backed securities for its residential hub Independence Plaza, the Commercial Observer reported. The five-year loan retires debt that was set to mature next month. A consortium […]
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The suit, against Midjourney, is the first time major Hollywood companies have sued over A.I.-generated images.
Scott Rechler has taken one step closer to owning his coveted Madison Avenue trophy. Rechler’s RXR signed a hard contract for 590 Madison Avenue and put a $50 million deposit down on the Plaza District skyscraper, sources familiar with the sale told The Real Deal. The company signed a letter of intent about three and […]
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The pair, Ligaya Mishan and Tejal Rao, are part of an effort to expand starred restaurant reviews across the country, the company said.
You might have heard Gov. Kathy Hochul and other politicians claim that investors are increasingly swooping in with all-cash offers to buy homes before families can. It turns out that the opposite is true. Statistics from Realtor.com released Tuesday show that cash sales to investors last year fell to their lowest level since 2008. The […]
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The Consumer Price Index rose 2.4 percent in May, from a year ago, a reading that reflects only the initial impact of President Trump’s tariffs.
Could the Hochul administration have collected fines for the missed Pacific Park deadline without destroying all hope that six planned towers will be built? The Brooklyn community group Brooklyn Speaks, whose 2014 settlement established the penalty schedule, believes the administration should have found out. That sounds like a high-stakes game of chicken, but let’s hear […]
This article originally appeared on The Real Deal. Click here to read the full story.