Yellowstone landed a $480 million construction loan to convert the MONY building at 1740 Broadway into 422 residences with an extensive amenity program. The financing comes from Madison Realty Capital and clears a key hurdle for the Midtown conversion.

A fenced-in bus lot near Broadway Junction is set to become a 20-story, 379-unit, 100% affordable tower with mass timber, geothermal and a rooftop greenhouse. The project moved forward after a BSA variance and developer push.

Pfizer announced that CFO Dave Denton will step down Aug. 15; Cecile Guegan will serve as interim CFO while the company launches a search for a successor. The move follows several major deals that reshaped Pfizer’s balance sheet.

Hochul announced the completion of Utica Crescent and the Sparrow Square groundbreaking, adding 583 affordable units and community services to East Flatbush.

Hawkins Way Capital paid $28M for 81 East 3rd St.; the 13‑story East Village building includes student housing used by the New York Conservatory for Dramatic Arts and market‑rate apartments.

Six completed Crown Heights developments add about 230 apartments and condos, from an all‑electric rental with income‑targeted units to supportive housing with a health clinic.

A 6-year-old was struck at a Forest Hills playground; police released cellphone footage and are asking for tips.

A late-evening blaze on Ocean Parkway left two Kensington apartment buildings vacated and several families receiving emergency help from the Red Cross.

The DOJ has opened a review of transactions tied to Iran’s supreme leader that may have flowed through U.S. banks, putting JPMorgan and Citigroup under federal scrutiny. The inquiry tests banks’ sanctions controls and could have legal and compliance consequences.

Hidden-camera footage appears to show a Gulf War veteran assaulted inside the Montrose state veterans home; family members and regulators now have the video and records.

FERC ordered regional grid operators to justify or reform tariffs to speed hookups for AI data centers while aiming to protect households from footing upgrade bills.

An X post from the FBI Las Vegas office says a $10M reward is now tied to MS‑13 leader Yulan Archaga Carias, though federal postings continue to show $5M.

Ahold Delhaize — owner of Stop & Shop, Giant and Food Lion — agreed to pay $40M to resolve DOJ claims that its supermarket pharmacies misreported discounted drug prices to federal programs.