Lenders have filed at least 14 foreclosure suits against Prana Investments’ Bronx and Harlem portfolio, alleging more than $56 million in unpaid loans and raising repair‑and‑management concerns.

Bricks came loose from the facade of a Midtown East tower Monday, closing East 42nd Street and prompting a DOB inspection.

Vanbarton scored a $352M refinancing on 425 Lexington, a nearly full Midtown tower anchored by Simpson Thacher, as Manhattan leasing accelerates.

Houses of worship from Lower Manhattan to East New York are converting unused land into income‑restricted apartments. The shift pairs mission with new revenue models.

A five‑building row in Carnegie Hill traded to ABJ Properties for roughly $23M as Aimco continues to sell off its New York holdings. Neighbors will watch for management or permit changes.

Loeb & Loeb is expanding its longtime Midtown headquarters at 345 Park Avenue, growing to roughly 179,000 square feet as part of a multi‑year lease extension tied to new building amenities.

A full-floor condo at Central Park Tower went into contract with a $54.9M ask, the priciest of 15 Manhattan homes to find buyers in the week ending July 5. The 7,000‑sq‑ft unit brings full-floor scale back to the top of the market.

Crews have started work at the former Bayview prison as Chelsea Beacon takes shape: 131 permanently affordable apartments, supportive units and a short-term transitional residence are planned.

The landmarked Germania Bank building at 190 Bowery has been quietly put on the market; owner Aby Rosen has tapped brokers to shop the Nolita property. Industrious now occupies the offices and street retail is leased.

Daewoo E&C confirmed a $291M plan for an 18‑story, 540‑unit residential and retail project in Palisades Park, NJ, partnering with a local developer; construction is slated to begin in 2028.

A $131.5M CMBS loan on 2 Washington Street was moved to special servicing after Sonder's collapse, complicating refinancing and a Moinian landlord lawsuit.

Zar Property NY paid $28M for 118 West 22nd Street, a 12‑story Flatiron building, with roughly $19.6M in financing arranged. The seller was Adlie Associates.

Rithm Capital is arranging a $415M refinance for 31 West 52nd Street that will retire existing debt and fund leasing obligations, with a July 15 closing target.