Mamdani Appoints Real Estate Leaders to Business Advisory Council – Commercial Observer
Business leaders in New York City could have Mayor Zohran Mamdani’s ear as the administration convenes a quarterly…
At New York City Council Hearing on Pied-à-Terre Tax, Complaints of a Sloppy Rollout – Commercial Observer
As a legal battle over New York’s pied-à-terre tax continues, the New York City Council held a hearing…
Luxury Condo Sales in Manhattan Rise Post-Pied-à-Terre Rollout – Commercial Observer
The luxury pied-à-terre is alive and well, despite any efforts to stifle — or excessively tax — it.…
NYC Closes on $214M Financing for 228-Unit Affordable Bronx Senior Housing Project – Commercial Observer
More affordable senior housing is coming to the Bronx. New York City Mayor Zohran Mamdani announced Wednesday morning…
Habitat for Humanity to Build 179 Co-op Units in Brooklyn and the Bronx – Commercial Observer
Habitat for Humanity is building out an ecosystem in the outer boroughs, Commercial Observer has learned. The not-for-profit…
New York City’s Pied-a-Terre Tax Hasn’t Affected the Luxury Market — So Far – Commercial Observer
Pied-a-terre tax scare? Au contraire! For now at least. On May 26, the New York State Legislature enacted…
Penthouse at 80 Clarkson Street In Contract With $80M Asking Price – Commercial Observer
Developers Zeckendorf Development and Atlas Capital Group, along with the Baupost Group, are about to set a record…
New York Would Tie Library Redevelopment to Affordable Housing Under New Plan – Commercial Observer
The New York City Council is proposing a plan to not only add more affordable housing units to…
Tech Services Firm Audible Difference Takes 47K SF at Brooklyn Army Terminal – Commercial Observer
The city-owned Brooklyn Army Terminal (BAT) in Sunset Park has racked up more than 58,000 square feet of…
New York State Would Cut Environmental Red Tape to Speed Housing Under New Budget – Commercial Observer
New York lawmakers and Gov. Kathy Hochul have reached a tentative $268 billion state budget agreement for the fiscal…
Mamdani Administration Hits Bronx Landlords With $31M in Penalties – Commercial Observer
Mayor Zohran Mamdani and housing officials did a victory lap around a pair of Bronx landlords on Wednesday,…
NYC to Open Adams-Era Climate Innovation Hub at Brooklyn Army Terminal – Commercial Observer
The New York City Economic Development Corporation (EDC) is launching its new climate innovation hub at Brooklyn Army…