The monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on foreign imports.

🏆 Residential: The priciest residential real estate sale recorded in New York City was for a townhouse at 22 East 68th Street on the Upper East Side that changed hands for $10.5 million. The home stands four stories tall and measures just over 3,300 square feet, pricing the transaction at roughly $3,200 per square foot. The seller, an LLC named after the address, purchased the townhouse a decade ago for $12.6 million. The buyer in the latest deal was LDN Investments LLC. 🏆 Commercial: In Hudson Square, a six-story office building at 183 Varick Street sold for $63 million, marking […]

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Here we go.  Mayor Zohran Mamdani’s first week in office has been eventful for the real estate industry, to say the least. With the start of the state legislative session and the first meeting of the new City Council, things are about to get more interesting. As expected, Julie Menin was elected City Council speaker during the Council’s first meeting. Top of mind is whether she will move to override former Mayor Eric Adams’ vetoes of the Community Opportunity to Purchase Act and a trio of housing regulation bills. Menin has said the Council is considering its options.  In her […]

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

Regulators said they will look at whether the deal for Manus, a Singapore start-up with Chinese roots, complied with China’s export and investment rules.

This year, for the first time, more Americans will earn a minimum wage of $15 per hour or higher than will earn the federal minimum of $7.25 per hour.

Specialists have left the I.R.S. and audits have been abandoned since the president returned to office.

A friendly summit at New York’s City Hall with digital content creators and social media stars symbolized the new mayor’s attitude toward the changing news media.

A California firm better known for owning and operating malls has taken over the deed and loan of a prominent Buckhead office tower in Atlanta.
Los Angeles-based Pacific Retail Capital Partners was granted a deed in lieu of foreclosure on the 27-story Resurgens Plaza, the 403K SF trophy office tower off East Paces Ferry Road in Buckhead.

Newly elected City Council Speaker Julie Menin, officially elected to lead the chamber on Wednesday afternoon, already has pressing business to address: a score of vetoes issued by former Mayor Eric Adams on his final day in office.

The settlement came in the case of a 14-year-old in Florida who had killed himself after developing a relationship with an A.I. chatbot.