The Korein family asked a judge to set a $1.9B value for land on West 34th Street, a move that could send Vornado’s ground‑rent bill far higher. Competing appraisals and appeals mean the fight will be decided in court.

Senior lenders sued to foreclose on Worldwide Plaza, seeking a court‑appointed receiver and a sale as the Midtown tower fights over debt, valuation and a competing UCC auction.

American Express will build a new headquarters at 2 World Trade Center, starting construction in spring 2026 and aiming to welcome staff by 2031. The project finishes the WTC commercial campus and brings major jobs and investment to Lower Manhattan.

A duplex penthouse at 1122 Madison Avenue entered contract for $89.5M, on track to set a new Upper East Side condo record. Early sales at the building have already topped $360M.

A storied Upper East Side mansion tied to designer Oleg Cassini drew a $34.5M winning bid as trustees move to satisfy $30M+ in liens; a judge will review the sale this week.

A renovated six‑story, 25‑unit building at 443 E. 88th St. traded for $16.5M — roughly $660K per unit — highlighting demand for free‑market Manhattan apartments.

Industrious is taking the 18th and 19th floors at 386 Park Ave South in NoMad — about 23,000 sq ft and roughly 160 private seats. The lease expands the operator’s Manhattan footprint as flex demand returns.

EPR Properties paid about $34 million for the commercial condos at Essex Crossing that house VITAL Climbing Gym; the sale closed Feb. 19, 2026.

New Empire Corp. bought a Kips Bay assemblage from the Marchi family for about $38M, securing roughly 88,000 buildable square feet and 250 feet of frontage near Second Avenue.

Community Access has filed DOB plans for a 21‑story, 350‑unit building at 743 E. 12th St in the East Village on land sold by the Archdiocese in 2024.

Mayor Zohran Mamdani will nominate Sideya Sherman to run the Department of City Planning, putting an equity advocate in charge of zoning and housing decisions. Her arrival comes as the administration moves to speed approvals and prioritize affordability.

Douglaston's 39-story tower at 1448 Third Avenue has topped out, rising 478 feet and moving into façade and interior work. The mixed-use building will bring condos, retail and community space to Yorkville.

The Babylon IDA is weighing a $428,150 sales‑tax exemption to convert a vacant North Amityville warehouse into modern light‑industrial space, promising jobs and $9M in investment.