The Chambers Hotel at 13–15 West 56th Street has been sold to Toronto investors for about $66 million. The shuttered Midtown property’s future is unclear as filings and permits remain pending.

Haussmann’s $41M construction loan clears the way for a 75‑unit, 10‑story building at 16–20 Convent Ave in West Harlem. The project will include permanently affordable homes under new city and state tools.

Hikari Power Z Co. paid $15.2M for a renovated six‑story walk‑up at 246 E. 53rd St. in Midtown East, a deal that follows a roughly $8.1M purchase and upgrades last year.

Maefield’s 20 Times Square loan moved back to special servicing after missing its May maturity, renewing foreclosure and restructuring questions for the landmark site.

Extell paid about $500M for 405–417 Park Ave and acquired Central Synagogue air rights, expanding Gary Barnett’s Midtown assemblage.

Vornado is redeveloping a short stretch of Seventh Avenue into street-level retail as part of its Penn District overhaul, tapping Newmark to handle leasing. Primark’s new Herald Square flagship and heavy transit traffic are helping fuel interest.

The Three Arts Club at 340 W. 85th is being rehabbed into 61 permanently affordable senior studios, with 40% set aside for formerly homeless older adults.

Flagg Family Capital has listed a renovated SoHo retail condo at 170 Mercer, fully leased to Magda Butrym, asking just under $12M.

Rabsky paid $30M for 267 Broadway, ending years of legal limbo and adding another Manhattan project to its pipeline. The sale clears a long‑running receivership and hands the site to a prolific developer.

J.P. Morgan says about $1 trillion in dry powder is parked in the Northeast; advisers say New York could be a top beneficiary if that cash moves.

Chelsea Piers Fitness has pre‑leased a five‑story, 76,000‑square‑foot club at 250 Water, a major signal that Tavros’ long‑stalled Seaport project is moving forward. The mixed‑use plan calls for roughly 600 apartments with 25% affordable units.

Albany negotiators have proposed a levy on NYC homes bought with cash for $1M or more as part of FY2027 budget talks, a surprise revenue idea still under negotiation.

A six‑story SoHo building at 261–267 Canal St., once home to Canal Street Market, traded for $36M — a deal that may reshape the block's retail and office mix.