Nir Meir’s mysterious Rikers return revealed… sort of

June 10, 2025 / no comments

Nir Meir could soon be freed once again from Rikers as the mystery of his most recent incarceration begins to unravel.  Following an order to return to jail, Manhattan Judge Ann Thompson brought back Meir’s bond to $1 million on June 9. The former HFZ executive was detained on Rikers for over a year after […]

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

State comptroller criticizes agency for longstanding Mitchell-Lama issues

June 10, 2025 / no comments

Two years ago, an audit from the state comptroller’s office revealed dangerous conditions, strange spending and a growing number of vacant units at four developments in the Mitchell-Lama affordable housing program. It seems not much has changed since then. A follow-up report from the state comptroller detailed persistent problems at the four developments, Gothamist reported. […]

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

Kering eyes stake sale at 717 Fifth Avenue

June 10, 2025 / no comments

A year and a half after blowing up New York City’s investment sales market, Kering is looking to unload a stake in its big acquisition on Fifth Avenue. The French luxury group is in exclusive talks with private investment firm Ardian to sell a stake in 717 Fifth Avenue, Reuters reported. The size of the […]

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

Related agrees to increase affordable units at Hudson Yards

June 10, 2025 / no comments

Related Companies has agreed to increase the number of affordable housing units it will build as part of the next phase of Hudson Yards.  First Deputy Mayor Randy Mastro announced Tuesday that the developer agreed to build a minimum of 625 affordable units, or 25 percent of the total apartments built, whichever is greater. That […]

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

Ladder Capital shareholders recommend board chair’s ouster

June 10, 2025 / no comments

Many shareholders of real estate lender Ladder Capital are ready to see its chair of the board of directors go. He may not walk away so easily. More than 52 percent of shareholders voted last week against reelecting Alan Fishman to his post, Crain’s reported. The disclosure of the vote during the annual meeting was […]

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