Patient family offices are buying deeply discounted retail, office and multifamily assets as larger investors hold back.

Vornado bought the McDonald’s building at 490 Eighth Ave., picking up transferable air rights near Penn Station in a small but strategic $12M deal. The move strengthens the company’s Penn District play.

NYU signed a 70‑year triple‑net master lease at 770 Broadway, funding the deal with a roughly $935M prepayment and transforming a landmarked NoHo block into a long‑term campus.

A single $59M Tribeca penthouse has been carved into two finished homes with new price tags as agents retool the crown unit to find a buyer.

Ilan Bracha’s IB Global paid $9.5M for 3 East 48th Street, the smaller neighbor to the Scribner Building in Midtown, setting up a possible redevelopment or retail play.

Chetrit Group plans to demolish a five‑story mixed‑use building at 9 East 36th Street in Midtown South, a move that would clear a narrow lot for potential redevelopment.

Following an endorsement visit from Mayor Mamdani, the City Council has officially approved a plan to bring roughly 200 affordable and supportive homes and a new community center to 1727 Amsterdam Ave.

Four long‑vacant Harlem lots are being developed into 34 subsidized homes. The project's $30.9M bill — about $909,000 per unit — raises fresh questions about building affordable housing.

A 1.3M‑sqft conversion of Chelsea’s 1891 Terminal Warehouse won a 2026 CoStar Impact Award after a tricky retrofit that kept a freight tunnel and reclaimed centuries‑old timbers.

HPD Commissioner Dina Levy told City Council the agency may replace Housing Connect after data showed long approval and lease-up delays. Short-term pilots are already under way.

A Grand Rapids investor bought 1 Park Row in late 2025 and is marketing the remaining units as luxury rentals, while public records and reporting show different sale prices. The transfer was quietly recorded and several high‑end units are already listed for lease.

A judge cleared the way for foreclosure on the landmarked Gorham Building at 390 Fifth Avenue, ending a short court pause and reviving a lender-owner fight over the property's debt.

Fencing is up at 1491–1497 Third Ave as filings show a 510‑ft, 37‑story condo tower with 120 units planned for the Upper East Side.