Manhattan Broker Shakeout Tightens The Fight For Every Listing
Manhattan’s licensed-agent ranks dipped in 2025 after years of crowded competition, leaving brokers competing for fewer listings. The shift could ease pressure on top producers.
Midtown’s MONY Tower Snags $480M Lifeline For Luxury Makeover
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.
From Bus Lot to Timber Tower: 379 Affordable Homes Planned by Broadway Junction
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 Money Man Denton To Exit New York HQ For Consumer Goods Gig
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.
L.A. Landlord Drops $28 Million on East Village Dorm Tower
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.
Feds Eye New York Banking Giants In Iran Supreme Leader Cash Trail
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.












