🏆 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 […]

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A slump in U.S. stocks spilled into markets in Asia and Europe on Wednesday, ending a period of relative calm.

Japan is reviving nuclear power, balancing the need for more clean energy against the lingering trauma of the 2011 Fukushima Daiichi disaster.

From the ballot box in California to the halls of Congress and Wall Street, several new initiatives would require more oversight of how the company protects its passengers.

President Donald Trump issued an executive order Tuesday aimed at stopping large institutional investors from buying single-family homes.
“It is the policy of my Administration that large institutional investors should not buy single-family homes that could otherwise be purchased by families,” Trump wrote in the EO.
The EO does not actually prevent the purchase of houses by Wall Street investors but rather moves to block them from receiving federal funding and says the government will review large single-family home portfolio acquisitions under antitrust laws. It includes a carve-out for build-to-rent communities. 

Related Ross CEO and Miami Dolphins owner Stephen Ross added yet another headquarters to his growing collection within his West Palm Beach office buildings.

Artificial intelligence startup Anthropic is looking to dramatically expand its office presence in Manhattan. 

Summit Properties last week won its battle to purchase a portfolio of thousands of New York apartments from Pinnacle Group. Pinnacle put the collection of mostly rent-stabilized units into bankruptcy and held an auction for a buyer, with Mayor Zohran Mamdani and groups of tenants trying unsuccessfully to stop the sale.  Here’s the deal by the numbers, according to court documents and disclosures Summit made on the Tel Aviv Stock Exchange, which it has tapped for financing: $451.3 million bid Summit won a bid to purchase the bankrupt portfolio for $451.3 million.  That works out to approximately $87,000 per unit […]

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Nursing home operators Daryl Hagler and Kenneth Rozenberg are facing more pressure from a New Jersey state agency for misusing Medicaid funds The New Jersey Office of the State Comptroller sued Hagler and Rozenberg along with their associates for “exploiting the operation” of two nursing homes, the Deptford Center for Rehabilitation and Healthcare and Hammonton Center, according to NJ.com. The watchdog agency said it found pervasive, systemic and longstanding violations of law and a “troubling pattern” of profiteering by Hagler, Rozenberg and their associates. The comptroller filed the lawsuit on Monday in Superior Court in Mercer County, according to the […]

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Philadelphia’s city government and organized construction labor interests are becoming even more entwined as they team up to fund repairs at a public senior housing complex.