Cushman Claims Sotheby’s Stiffed It on $10 Million Cut From UES HQ Sale
Cushman & Wakefield has sued Sotheby’s, saying it’s owed about $10.2M after the auction house sold its Upper East Side HQ to Weill Cornell. The suit disputes whether a commission agreement was honored.
Midtown Tower Snagged For Pennies Poised To Become Hundreds Of Apartments
The Thakkar family plans to convert the 23‑story leasehold at 135 West 50th into hundreds of apartments, with demolition eyed for summer 2026 and broader work in 2027.
City Rent Board Says Landlord Costs Are Racing Past Inflation
Rent‑Guidelines Board research shows operating costs for stabilized buildings rose 5.3% in the last year and about 31% over five years, with fuel and insurance driving the jump.
Hell’s Kitchen Office Once Worth $131M Headed For Fire-Sale To Werner
David Werner is in contract to buy the Press Building at 311 West 43rd for just over $40M — roughly one‑third of its 2018 price. The deal deepens the city’s office‑to‑residential conversion trend.
SEC Heat on Paramount Group Rattles Midtown Office Towers
The SEC has subpoenaed at least one former Paramount executive as investigators probe related‑party payments to ex‑CEO Albert Behler amid Rithm’s takeover. Regulators and shareholder lawyers are watching closely.
East Harlem Parking Lot Poised For 140-Unit Tower In Mamdani Housing Blitz
NYCEDC plans a 140‑unit mixed‑use building at 2453 Second Ave in East Harlem, using tax abatements and developer cross‑subsidy to fund at least 35 affordable homes.












