Despite antitrust rulings and rule changes, New York agent commissions remain near 5.7 percent. Brokers say the shift changed conversations, not pay.

Gov. Hochul announced a $9.96M state package to help Clay take 163,095 square feet at 11 Madison, creating 498 jobs and backing $50M in R&D. The deal pairs a major Flatiron lease with performance‑based tax credits.

Scott Gottlieb closed 58 leases totaling about 2.3 million square feet in 2025, including Universal Music’s move to PENN 2, UN consolidations and an Invesco extension.

RXR is stepping in with about $500M to recapitalize 55 Broad, backing a major conversion bet in Manhattan’s Financial District. The investment is a test of demand for stabilized office-to-resi projects.

The Community Church of New York paid nearly $15M for about 20,500 sq ft of Chelsea condo space, giving the congregation a notable Manhattan footprint. The property had been a Stickley showroom.

Rosen Partners’ chairman has filed a $40M suit alleging a January fuel‑oil spill from a neighboring condo contaminated soil at his Upper East Side townhouse.

Northwell is budgeting roughly $15 million to expand the post‑anesthesia care unit at Glen Cove Hospital, a move aimed at easing OR backups and boosting recovery capacity. The project appears in recent system planning documents.

SK Development filed plans for a 13‑story mixed‑use tower at 122 East 11th Street, reviving debates about scale and preservation on the East Village block. Local records show the developer active across nearby sites.

Olmstead and Vertex have leased more than 67,000 square feet at 373 and 381 Park Ave. South, with The Corcoran Group and AI firm Stuut among the new tenants.

Sotheby’s Nikki Field is taking over sales at Five Points’ skinny NoMad tower at 262 Fifth Avenue. Private showings begin in May and initial prices start in the millions.

An investigation finds unpaid fines and modest settlements have left New York City's crackdown on illegal short‑term rentals undercut. Legal wins are real, but the cash collected often isn’t.

A private family office signed a 10‑year lease at 9 West 57th averaging $327.50 per square foot, marking a new Manhattan high for office rent.

DOB says it approved plans for a 90‑story underground “earthscraper” to protect skyline views while adding housing.