There were 302 transactions totaling $641 million filed in New York City records in the 24 hours before 4 p.m. on Thursday, June 25. 🏆 Commercial: Midtown had the top commercial real estate deal to hit records, with the sale of two apartment complexes known as the Ivy Tower at 349 West 42nd Street and 350 West 43rd Street for $148 million. The property on 42nd Street stands 41 stories tall and has 268 apartments; the 43rd Street building stands seven stories tall and houses 52 apartments. The buyer was Go Residential. The seller was an affiliate of Friedman Management […]

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The airline said it had “reluctantly” changed course after a British regulator began investigating whether its fees were illegal.

For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.

Huge memory-chip profits from the global A.I. boom have increased interest in semiconductor factory work. But behind the hype are uncertain job prospects.

It is the centerpiece of President Trump’s drive to make more chips in the United States, but the company still has a long way to go before it can be called a complete turnaround.

Stock markets across Asia tumbled, as investors continue to wrestle with whether the boom in artificial intelligence spending is overdone or just beginning.

New York City’s Rent Guidelines Board on Thursday night voted to freeze rents on one- and two-year leases in the city’s 1 million rent-stabilized apartments, fulfilling a key campaign promise for Mayor Zohran Mamdani. 

This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. Hey there, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: Tenant-rights attorney Adam Bojak, Onondaga County Legislator Maurice Brown, state Sen. Julia Salazar, Council member Lincoln Restler, Council member Gale Brewer and others. We Heard Have a tip or feedback? Reach me at caroline.spivack@therealdeal.com.  The Catch-Up Landlord representative Christina Smyth resigned from NYC’s Rent Guidelines Board ahead of Thursday’s pivotal vote, reports The Real Deal’s Lilah […]

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New York City is freezing the rents of rent-stabilized apartments.  The city’s Rent Guidelines Board voted seven to one in favor of a freeze Thursday night, at El Museo del Barrio in Manhattan. The board approved rent increases of 0 percent on one-year leases and 0 percent on two-year leases The result delivers on Mayor Zohran Mamdani’s campaign promise and is a show of strength for the tenant advocates who helped elect him. For landlord groups the vote was a difficult, if expected, blow. A freeze on two-year leases has never before been approved.  Thursday’s vote was colored by the […]

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

The attack, confirmed by U.S. and Iranian officials, came after Tehran threatened to disrupt shipping in the waterway and as Washington sought regional support for its peace agreement.