The Daily Dirt: Why real estate evolves faster than politics

January 21, 2026 / no comments

Some notions become so ingrained in our thinking that we don’t realize they are wrong. When someone comes along with a better way, people either cling to misguided beliefs or change. What are the consequences of failing to evolve? In sports, the results show up on the scoreboard. Teams, coaches and players who adopt better strategies, techniques, training methods and equipment start winning. Those who don’t disappear, along with the old ways. “Moneyball” is now called analytics, and it’s in every sport. That’s why NFL coaches no longer punt on 4th-and-1 past midfield, and NBA teams attempt 37 three-pointers per […]

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

NYC’s top deals: Chelsea penthouse trades for $21M

January 21, 2026 / no comments

There were 168 transactions totaling $275 million filed in New York City records on Tuesday, Jan. 20, 2026. 🏆 Residential: The top residential deal to hit records was for a penthouse and a parking space at 505 West 19th Street in Chelsea, which sold for its asking price of $21 million. The seller, 505 West 19 PH2 LLC, had purchased the property in 2016 for $17.9 million. The buyer was MI 8787 LLC. The 4,600-square-foot pad has four bedrooms, three and a half baths, terraces and nearly 3,400 square feet of rooftop space. It also has a sauna, heated bathroom […]

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

NYC’s top construction permits: Week of Jan. 16, 2026

January 21, 2026 / no comments

🏆 New Building: The largest new building application filed last week was in the Mapleton-Midwood section of Brooklyn. Owner Bronx Gardens Rehabilitation LLC is behind the plan for a 10-story, 182,493-square-foot project at 1490 McDonald Avenue. The architect is Damir Sehic. Job Filing Number: B00998383-I1 📊 New Building: Prospect Heights had the second-largest new building application filed last week. The project at 918 Atlantic Avenue will span 99,411 square feet, stand 16 stories tall and have 99 dwelling units. The architect behind the application is Christopher Fogarty. The owner of the site, EMP Capital, purchased it from Crosstown Companies in […]

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