Chetrit, Stellar stare down foreclosure on Upper West Side

January 14, 2026 / no comments

The bill is coming due for the Chetrit Organization and Stellar Management on the Upper West Side. Shareholders of a $400 million mortgage backing the Columbus Square shopping center filed a lawsuit seeking to foreclose on the property, Crain’s reported. The move comes months after ownership defaulted on the debt at the outdoor shopping center, stretching from West 97th to West 100th Street on Columbus Avenue. Chetrit and Stellar began missing monthly $1.9 million debt payments in August, according to the lawsuit. Chetrit vowed to make good on the back payments and resume monthly payments after receiving a default notice […]

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

NYC’s top construction permits: Week of Jan. 9, 2026

January 14, 2026 / no comments

🏆 New Building: The largest new building permit last week was in Crown Heights. YS Developers LLC plans to construct a 10-story residential building at 970 Franklin Avenue that will span 116,893 square feet. The property will have 117 units. The architect is Hamish Whitefield. Job Filing Number: B01325938-I1 📊 New Building: Ridgewood had the second-largest new building permit filed last week. Architect Kao Hwa Lee filed for a permit for a 13-story, mixed-use development at 7-45 Wyckoff Avenue. The building will measure 68,813 square feet and have 86 apartments. Job Filing Number: Q01339235-I1 📊 New Building: In Williamsburg, plans […]

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

NYC’s top deals: U.S. ambassador to Morocco sells $19M Fifth Ave. pad

January 14, 2026 / no comments

There were 208 transactions totaling $660 million recorded in New York City in the 24 hours before 4 p.m. on Tuesday, Jan. 13, 2026. 🏆 Residential: An Upper East Side co-op was the top home sale recorded in the Big Apple. Harvey C. Jones, an investor and tech entrepreneur, dropped $18.8 million on a pad at 1030 Fifth Avenue. The sellers were Duke Buchan, a financier serving as the ambassador to Morocco, and Hannah Buchan, who is also a financier. The Buchans had owned the unit since 2010, when they purchased it for about $8.9 million. The co-op has four […]

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The Daily Dirt: NIMBYs in LA are hot and bothered

January 14, 2026 / no comments

Some years ago, the Woodland Hills Country Club in Los Angeles County sold its 94-acre golf course.  Today, hundreds of local residents are flocking to meetings and rallies to stop a 398-home project on 20 acres of that land. One of the opponents was a member of the club when it decided to sell. “We needed the money,” he told another person at one opposition meeting. But the buyer was a developer, Arrimus Capital of Newport Beach, so the proposal could not have been a surprise. What was a surprise — at least to the furious locals — is that […]

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