JUN 03 — Real Estate
Clock Ticks on 485-x: June 30 Deadline for Top Housing Tax Break Tier
Developers racing to start construction by June 30, 2026 can lock in 485-x's longest property-tax breaks — up to 40 years — under the state program that…
Section
Real Estate
The market, the development pipeline, and the rooms where the biggest New York deals get done.
JUN 02 — Real Estate
520 Fifth Avenue Tops Out as Tallest Mixed-Use Tower on the Avenue
Rabina's 1,002-foot 520 Fifth Avenue has topped out at 88 stories, the tallest mixed-use building on Fifth Avenue, with sales of its 100 condos roughly 70%…
MAY 29 — Real Estate
Bronx Metro-North Rezoning Promises 7,000 Homes — If Trains Arrive
The 2024 Bronx Metro-North rezoning cleared the way for about 7,000 homes around four new East Bronx stations — but the MTA's Penn Station Access project has…
MAY 21 — Real Estate
Willets Point Commons Opens, Launching Queens' All-Affordable Megaproject
The first 880 affordable apartments at Willets Point Commons opened to residents in May 2026, the leading edge of a 2,500-unit, 100% affordable Queens…
MAY 13 — Real Estate
Manhattan Luxury Holds Firm as Pied-à-Terre Tax Looms
Olshan Realty's weekly luxury report shows 133 Manhattan contracts signed at $4 million and up over four weeks through May 10, 2026 — slightly ahead of last…
APR 20 — Real Estate
SL Green Posts Q1 Loss but Signs Biggest First-Quarter Leasing Ever
SL Green reported an $84.4M Q1 2026 net loss but signed 929,264 square feet of Manhattan office leases — what CEO Marc Holliday called the biggest first…
APR 15 — Real Estate
City Planning Approves 1,000-Unit Bjarke Ingels Tower in Gowanus
The City Planning Commission approved a 27-story, roughly 1,000-unit Bjarke Ingels-designed development at 175 Third Street in Gowanus, with about 250…
APR 09 — Real Estate
Manhattan Q1 2026: Prices Up, Listings at a Five-Year Low
Manhattan's Q1 2026 quarterly reports show median sale prices up and inventory at a five-year first-quarter low, with apartments selling in about 110 days —…
APR 08 — Real Estate
RXR Leads $500M Recap of 55 Broad Office-to-Residential Conversion
Scott Rechler's RXR is leading a roughly $500 million recapitalization of 55 Broad Street, joining Silverstein Properties and Metro Loft on the FiDi…
MAR 23 — Real Estate
Isaacs Houses Tenants Vote to Stay in Traditional Public Housing
Residents of Manhattan's Stanley Isaacs Houses voted to remain in traditional Section 9 public housing rather than join NYCHA's Preservation Trust or the…
MAR 02 — Real Estate
Worldwide Plaza Foreclosure Fight Pits Barnett Against SL Green
Senior CMBS lenders filed to foreclose on SL Green and RXR's Worldwide Plaza in February 2026 as Extell's Gary Barnett pressed a separate mezzanine…
FEB 12 — Real Estate
Vornado Leans on Penn District as Manhattan Office Leasing Rebounds
Vornado said 2025 was its busiest Manhattan office-leasing year in over a decade, with the Penn District driving demand, as the landlord projected flat 2026…
JAN 22 — Real Estate
Inside SoMA: Lottery Opens at the Country's Largest Office Conversion
A 330-unit affordable-housing lottery opened at 25 Water Street — the 1,320-apartment SoMA conversion in the Financial District billed as the largest…
JAN 21 — Real Estate
5 Times Square Begins 1,250-Unit Office-to-Residential Conversion
RXR, SL Green and Apollo have started converting the vacant 5 Times Square tower into 1,250 apartments, with 313 permanently affordable — one of the first…
DEC 10 — Real Estate
City of Yes: One Year In, Permits Up 23% as First Projects Move
On the first anniversary of City of Yes for Housing Opportunity, the city reports housing permits up about 23% in 2025 and more than 100 developments…
AUG 15 — Real Estate
Council Approves Midtown South Rezoning, Clearing Way for 9
The City Council voted 43-0 in August 2025 to approve the Midtown South Mixed-Use Plan, rezoning 42 Manhattan blocks for roughly 9,500 new homes — the…
JUL 07 — Real Estate
Council Clears Financing for Hudson Yards' Western Railyards
The City Council approved the financing that lets Related build the second half of Hudson Yards over the West Side rail yards — about 4,000 homes, 625 of…
JUN 02 — Real Estate
Council Adopts Atlantic Avenue Plan, Clearing 4
The City Council voted 49-0 on May 28, 2025 to adopt the Atlantic Avenue Mixed-Use Plan, a 21-block Central Brooklyn rezoning projected to deliver about…
MAR 07 — Real Estate
Foreclosures Begin on Signature Bank's Rent-Stabilized Loan Book
The venture that bought a stake in failed Signature Bank's rent-stabilized loan portfolio filed its first foreclosures — six actions over eight buildings…