No hurricane-strength storms have formed yet this year in the Atlantic basin, but the limiting activity isn’t certain to continue.

Mayor Zohran Mamdani’s administration is seeing the light at the end of its chaotic rollout of a pied-à-terre tax.  After weathering rebukes from lawmakers and a legal challenge from homeowners represented by former Deputy Mayor Randy Mastro, an appeals court greenlit implementation of the levy to continue apace until oral arguments take place on Aug. 31. Despite all the noise and pushback the administration has faced over its first stab at taxing the rich, most recently getting flack for its no-show at a Council oversight hearing this week, the underlying policy remains intact.  The central issue for lawsuit plaintiffs, homeowners […]

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The debate over a rent freeze in New York hinges on the argument that tenants in rent-stabilized units cannot afford an increase. Tenant-side advocates are saying this often. They decried the 3 percent increase approved by Eric Adams’ rent board last year.  Concern about tenants’ ability to pay is reaching landlords. In data published earlier this month by the NYC Housing Partnership, more than three-quarters of survey respondents, practitioners in for-profit affordable housing, said they’re concerned that residents will be unable to afford the rent increases needed to sustain building operations. “I think the Mamdani administration has it right that […]

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

No hurricane-strength storms have formed yet this year in the Atlantic basin, but the limiting activity isn’t certain to continue.

Treasury Secretary Scott Bessent has vowed to step up efforts to restore calm to the debt markets. So far, it’s not working out that way.

There were 130 transactions totaling $160 million filed in New York City records in the 24 hours before Thursday, Aug. 20. 🏆Residential: The Flatiron District had the highest-priced home sale to hit records. A company managed by Kristin Dolan, CEO of AMC Networks, picked up a condo from Steven and Cathy Tabak at 10 Madison Square West for $6.5 million; the couple had purchased the unit in 2020 for $5.8 million. The 2,400-square-foot pad has three bedrooms and three and a half bathrooms. The latest sale pencils out to $2,700 per square foot. The unit hit the market with Corcoran’s […]

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

Fears about the war in Iran, government deficits, the economy and corporate borrowing stirred global markets.

Pagani, Bentley, Aston Martin and other high-end automakers are teaming up with residential developers, solidifying the city as having the most branded residences associated with car brands in the nation.

Institutional investors are betting big on marina real estate, with major mergers reshaping the market through 2027.

Some major lines are increasing gratuities and deposit requirements, and charging more for certain packages. It’s all adding up.