Researchers are not just worried about the virus popping up on American farms. Other types are causing trouble around the world.

With the Compass and Anywhere Real Estate’s mega-merger closed months ahead of schedule, the residential industry is now in the wait-and-see phase for the ripple effects from the seismic deal.  The earliest symptom so far is New York City’s publicists, agents and executives tapping the acquisition as a hook to explain their next moves.  Earlier this week, the companies announced that the proposed acquisition, valued at $1.6 billion, had cleared the waiting period for antitrust regulatory review and would likely close by Friday, even though the firms initially said the deal likely wouldn’t be finalized until late 2026. Stockholders voted […]

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To start the year, Marc Holliday’s SL Green is straddling two very different realities in Manhattan’s office market. The contrast is hard to miss. On one side is 100 Park Avenue, where the real estate investment trust looks firmly in control. Selling a minority stake in the building to Rockpoint at a $425 million valuation gave SL Green a clean, early win as it kicks off a planned $2.5 billion selloff.  The move came just weeks after the firm bought out Prudential’s 49 percent stake at a $360 million valuation, put in fresh equity and quickly turned around and sold […]

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So many crazy things are happening in real estate and politics. President Donald Trump and Gov. Kathy Hochul are adopting each other’s ideas. Mayor Zohran Mamdani made a striking admission about rent-stabilized buildings. And Cea Weaver, tenant activist and newly appointed Mamdani official, is apologizing for her long-held beliefs. Let’s start with Mamdani. His legal brief on the Pinnacle portfolio bankruptcy asserted that even at the mere $88,000 per unit offered by Summit Properties USA, the price would be too high. This is the same man who claimed throughout his campaign that owners of rent-stabilized housing were profiting handsomely. Now […]

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During a meeting at the White House, the industry leaders appeared wary of making long-term investments in the country.

On Thursday afternoon, a group of tenants gathered at the corner of West 55th Street and Sixth Avenue.  “Don’t let our homes be sold to another slumlord!” they said.  Just a few blocks away, a very different gathering was taking place: an auction for those same homes.  At the law offices of Weil, Gotshal & Manges, bids were circulating for more than 5,000 mostly rent-stabilized apartments. They are the property of Joel Wiener’s Pinnacle Group, which had put them into bankruptcy.  We’ve heard the auction started Thursday morning and went into the night. But the winner was confirmed at 4 […]

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There were 170 transactions totaling $338 million recorded in New York City over the previous 24 hours before 4 p.m. on Friday, Jan. 9, 2025. 🏆 Residential: The priciest residential real estate sale recorded in New York City came in at $10.4 million. Brian and Karen Cohen scooped up a sponsor unit at Pontiac Land Group’s 50 West 53rd Street in Midtown. The unit first hit the market in 2020, with an asking price of $15.4 million. Douglas Elliman is handling sales at the property. 🏆 Commercial: The Eastchester section of the Bronx had the top commercial deal recorded in […]

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Plus, the impossibility of being a middle manager.

Neon scored more film nominations at the Golden Globes than any other studio this year with a slate of six non-English language films.

The show, streaming on HBO Max, doesn’t have one of the biggest audiences, but viewership grew very quickly in just a few weeks.