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The Real Deal is the leading source for real estate news and information. Covering the deals, developments and policies that matter.
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News
“I’m not afraid to speak my mind”: Real estate gets Mamdani’s ear
2+ week, 3+ day ago (945+ words) Rechler, Steiner, Cestero tapped to advise on mayor’s agenda Three real estate leaders snagged a seat at the table to advise Mayor Zohran Mamdani’s administration on policy and other matters, part of a new council of 15 executives across industries. RXR…...
NY Dirt: Who’s who in the rent freeze lawsuit
1+ mon, 2+ week ago (986+ words) Deciphering the judge, attorneys and petitioners The first rent freeze lawsuit is here. A group of landlords filed a petition and complaint Thursday seeking to send the rent freeze decision back to New York’s Rent Guidelines Board for an increase....
Kings Capital buys vacant FiDi Building, plans for conversion
1+ mon, 3+ week ago (289+ words) Developer pays $30M for former New York Presbyterian Hospital residence hall Kings Capital acquired a long-vacant 17-story building in Manhattan’s Financial District with plans to convert it into a sleek rental building. The development group, led by George Giannopoulos and Jeffrey…...
Ken Griffin wins city approval to buy historic cottage near Citadel’s HQ for $3M
1+ mon, 3+ week ago (525+ words) Dade Heritage Trust to move building to Coconut Grove on Billionaire’s dime Ken Griffin is one step closer to buying the 121-year-old historic cottage near Citadel’s future headquarters in Brickell for $2.98 million after gaining the city of Miami’s support. Miami…...
NY Dirt: Mamdani’s EDC picks, “dream team” or odd couple?
1+ mon, 3+ week ago (1008+ words) Business agency poised for shakeup under CEO Anthony Shorris, Chair Lina Khan Mayor Zohran Mamdani describes new CEO Anthony Shorris and Chair Lina Khan as a “dream team” atop the EDC, but they are also an odd pairing. A mild-mannered…...
Mamdani turns to familiar figure to lead EDC
1+ mon, 3+ week ago (357+ words) Veteran official Anthony Shorris to helm business agency Zohran Mamdani is filling the seven-month void at one of the city’s most critical business agencies with a political veteran intimately familiar with the workings of New York City government. Mamdani will…...
Policy Pro: Ballot measures kick building code reform down the road
1+ mon, 3+ week ago (182+ words) Hello, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: Department of Buildings Commissioner Ahmed Tigani, New York Building Congress President and CEO Carlo Scissura, New York State Association of Realtors…...
NY Dirt: Pied-à-terre tax questions prompt updates, rebuttals
1+ mon, 3+ week ago (641+ words) Mamdani’s signature second home tax gets DOF tweaks, moves ahead The controversial pied-à-terre tax just got a batch of new updates from the Department of Finance. The Mamdani administration’s first effort to tax the rich raised plenty of questions and…...
Policy Pro: City rejects buyer protections for pied-à-terre tax, Council seeks rental benefit boost
1+ mon, 3+ week ago (275+ words) Hi, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: City Council member Farah Louis, Department of Finance, the Department of Buildings and others. Have a tip or feedback? Reach me…...
Billionaire Ken Griffin eyes city-owned Brickell property in $3M deal
1+ mon, 3+ week ago (484+ words) 120-year-old white wood-frame cottage sits adjacent to the Solaris condo Griffin recently bought out Billionaire Citadel founder and CEO Ken Griffin could scoop up one of Brickell’s oldest buildings, which sits across from the hedge fund’s future headquarters and is…...