Scott Rechler is buying into a luxury rental building on the Upper East Side, as well as a bunch of townhouse units in its vicinity. RXR acquired a 45 percent stake in 265 East 66th Street and 20 nearby townhouse units, Bloomberg reported. The deal valued the rental properties at $435 million. Josh Gotlib and Meyer Orbach’s GO Partners paid $425 million for the 295-unit rental and the townhouses in 2023, closing the last part of a big multifamily deal with Stefan Soloviev. It was the final piece of a megadeal Gotlib and Orbach struck to acquire 1,766 multifamily units […]

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

The second week of 2026 was a return to normal for Brooklyn’s luxury contracts.  The borough saw 17 contracts — nine condos and eight houses — signed from Jan. 5 to Jan. 11 for a total contract volume of $57 million, according to Compass’ weekly report of contracts for homes asking at least $2 million. Those numbers came one week after Brooklyn opened 2026 with just nine contracts for $29 million.  The priciest contract signed last week was for a Brooklyn Heights townhouse at 167 State Street asking nearly $7 million.  Spanning over 4,900 square feet, the two-family home features […]

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

Post Content

Orsted’s C.E.O. says it plans to move quickly to complete a $6.2 billion wind farm off Rhode Island after a judge struck down President Trump’s bid to halt it.

Days after the Summit Properties won a bankruptcy auction for 5,200 mostly rent-stabilized apartments from Pinnacle Group, the city has filed a formal objection to the sale.  Lawyers for Mayor Zohran Mamdani’s office asked a judge to stop the transaction, raising questions about insider dealing and saying that Summit has failed to show the ability to fix up the properties. It’s the second time the Mamdani administration has objected to the bankruptcy proceedings.  The objection is a last-ditch attempt by the Mamdani administration to throw its might behind tenants at the Pinnacle properties. A confirmation hearing for the sale is […]

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

The defunct food publication is re-emerging as a newsletter, with new leadership and zero approval from its original owner.

Beef, coffee and produce are among the items that have gotten more expensive recently, inflation data on Tuesday showed.

The nation’s largest bank earned $57 billion in 2025, but Jamie Dimon, its chief executive, said “the benefits of deregulation” would help in the future.

Former Federal Reserve chiefs, Republican senators and — perhaps most important, many bond investors — raised concerns about an investigation into the bank’s leader.

Newsday managed to publish an entire article about the conversion of the JFK Hilton into affordable housing without naming the developers, Slate Property Group and RiseBoro Community Partnership. You might ask, What’s the big deal? But think about it. Would a daily newspaper run a story about a New York basketball team winning a playoff series without mentioning the Knicks? For better or worse, it’s pretty common for mainstream publications to cover development without paying much or any attention to the developers. If they are included at all, it’s usually near the end of the piece. In this case, Newsday […]

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