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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
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…...
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…...
Policy Pro: Outdated code sparks Council clash
1+ mon, 4+ week ago (215+ words) Hello, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: Council member Sandy Nurse, Council member Darlene Mealy, Department of City Planning Brooklyn Office Director Alex Sommer, Department of Housing Preservation…...
Policy Pro: City spells out SEQRA shortcuts, data centers hit a snag
1+ mon, 4+ week ago (206+ words) Hello, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: General counsel for the Department of City Planning Alec Schierenbeck, Herbert Smith Freehills Kramer Partner Nicole Fenton, Assembly Speaker Carl Heastie,…...
Policy Pro: NYC takes next step on ULURP reform, C-PACE updates
2+ mon, 7+ hour ago (276+ words) Plus other news at the intersection of policy and real estate Hi there, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: Department of City Planning Assistant Counsel William Tutt, Adler…...
Policy Pro: Council eyes construction oversight rules after Pfizer HQ scare
2+ mon, 4+ day ago (227+ words) Plus other news at the intersection of policy and real estate Hey there, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: City Council members Virginia Maloney and Pierina Sanchez, MetroLoft…...
Policy Pro: HPD floats 421a rule change to keep more projects alive
2+ mon, 6+ day ago (205+ words) Hi, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: State Sen. Brian Kavanagh, Office of Management and Budget Director Sherif Soliman, Technico Construction Services and others. Have a tip or…...
NY Dirt: City budget ups buildings department, social services spending
2+ mon, 6+ day ago (572+ words) New voucher program is small fraction of 2027 housing outlays New York City’s budget is finally here — let’s dive into some of the details. The battle over housing voucher expansion that once threatened to derail budget negotiations is just one controversial…...
Policy Pro: NY electric buildings fight could reach the Supreme Court
2+ mon, 1+ week ago (210+ words) Court case could dictate the pace of electrification across the state Hey there, let’s get into the latest news at the intersection of policy and real estate: In this edition we mention: Managing partner at Reichman Jorgensen Lehman & Feldberg Sarah…...