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.

New York's houseboat communities face eviction amid the city's housing crisis and marina redevelopment plans, leaving residents like Barry Green searching for new homes.

New residential developments are underway in Astoria, Queens, including Raymond Chan's 29-unit building with retail and healthcare spaces, and the Durst Organization's Halletts Point project with two towers and waterfront access.

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.

A lawsuit by JRT Realty alleges collusion between Cushman & Wakefield and a NYC official in leasing deals. A separate corruption probe involves high-level aides and is examining bribery accusations.

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.

The Kingsbridge Armory in the Bronx is set to be redeveloped into a vibrant community hub with event spaces and affordable housing, projecting significant economic impact and job creation.

Significant affordable housing developments occur in the South Bronx's Mott Haven with Morris Court selling for $46 million and the opening of Betances Family Apartments.

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.