Manhattan’s luxury market defied some doomsday predictions in 2025 to end with a strong showing.  Early in the year, high interest rates, fears over President Donald Trump’s tariff policies and an impending mayoral election dominated headlines. Despite reported concerns of a slowdown and deterrants for wealthy buyers, the borough still nabbed its second-biggest period for luxury contracts since 2006, when Olshan Realty began tracking data. Buyers inked deals for more than 1,400 homes asking $4 million or more this year, up 11 percent from 2024, according to the brokerage’s annual report. The signed contracts totaled just under $12 billion, up […]

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Rents in New York City are reaching never-before-seen levels — even for the city’s wealthiest.  An apartment at the Benson, Naftali Group’s 15-unit luxury condominium on the Upper East Side, rented for $95,000, or $288 per foot, this week. For a 12-month term, the price per square foot appears to be one of the highest in the city’s history.  Douglas Elliman’s Lauren Muss, John Giannone and Jac Credaroli had the listing. Serhant’s Peter Zaitzeff brought the tenant.  Spanning almost 4,000 square feet, Unit 14 has five bedrooms, four full bathrooms and a great room with triple exposures overlooking Madison Avenue.   […]

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Two attempts to put a lavish resort on the waterfront of a Riverhead hamlet went nowhere. Thanks to the state, there won’t be a third try. New York State finalized a nearly $11 million conservation easement at Broad Cove Preserve, permanently barring construction on land that preservationists long viewed as one of the East End’s most vulnerable large parcels, Newsday reported. The 100-acre waterfront site in Aquebogue, once floated as the home of a 500-room resort, is officially off the development map.  The state Department of Environmental Conservation paid $10.95 million for the easement, which cements protections on the former […]

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

Just like past tech booms, the latest frenzy has produced a group of billionaires — at least on paper — from smaller start-ups.

Companies like Phoenix Tailings, which recently began producing metal in New Hampshire, are using new processing methods to compete with Chinese suppliers.

On a stopover in Saudi Arabia, the writer strolls along the corniche, lingers over coffee and explores the historic heart of this city on the Red Sea.

The company monitors passenger feedback for risky driver behavior. Some accused of serious sexual assault had prior records of complaints.

A growing body of research shows how pressure from overbearing coaches and parents is stunting children’s emotional well-being and leading to injuries.

Mr. Hassett’s evolution from conservative economist to defender of the president’s economic agenda has raised questions about how he would lead the central bank.

Under the shift, which Google said would eventually be rolled out to all users, old addresses would remain active. Messages and services would not be lost.