New York City increases its HomeFirst Down Payment Assistance Program to $100,000 for first-time homebuyers to help make homeownership more accessible.

A judge ordered RFR Holding to vacate the Chrysler Building due to a default on $21 million in rent, despite RFR's lawsuit to prevent lease termination by landlord Cooper Union.

Blackstone is in discussions to buy 1345 Avenue of the Americas, despite a high office vacancy rate in NYC, betting on renewed demand for premium space.

Plans for a mixed-income housing project in Gansevoort Square with up to 600 units are moving forward, despite local opposition and concerns about the structure's scale.

The Grand Concourse Library in the Bronx will be renovated and include affordable housing. This is part of Mayor Adams' initiative to address NYC’s housing crisis by combining public libraries with residential spaces.

NYC proposes rezoning Midtown for 10,000 new apartments, including affordable units, to address the housing crisis and rejuvenate the area post-pandemic. Critics question its benefits for low-income residents.

Manhattan's median rent rose to $4,334 in December, and Brooklyn held at $3,495, both reflecting an upward market trend. Rental competition remains fierce, with increases expected to continue.

Mayor Eric Adams surpassed his "24 in 24" affordable housing goal in NYC, completing 26 projects ahead of the 2024 target, addressing the city's housing crisis.

Mount Sinai Health System sold two unused Beth Israel properties for $34 million to a shell company tied to Joyland Management amid the hospital’s controversial closure.

Jacob Chetrit, a prominent NYC real estate investor, has died at 69, leaving behind a significant impact on the industry through the Chetrit Group and his nationwide ventures.

A New Jersey judge denied a request to delay the application of the state's new affordable housing law, with towns facing a January deadline to comply with or contest housing unit allocations.

CBRE expands its New York presence by leasing 64,000 sq ft at Lever House and adding three industry veterans to its U.S. Debt and Structured Finance team.

5 Times Square in Manhattan is being converted from an office tower to residential use, retaining commercial space, with a $95.1 million investment from developers RXR, Apollo Global Management, and SL Green Realty.