Brookfield CEO Connor Teskey says deal activity is picking up as the firm raised $21B in Q1 and trophy rents climb in New York. The company is pushing into AI‑linked power and alternative property types.

DOB says about 93% of covered properties filed Local Law 97 reports. The city is auditing filings, routing offset money to affordable housing and readying enforcement for holdouts.

Gallet Dreyer & Berkey signed for the full 28th floor at 685 Third Ave and relocated after roughly 30 years at 845 Third Ave. The firm confirmed the move on its website.

A developer paid roughly $10 million for a NoMad restaurant at 36 W. 28th St., a rezoned lot that brokers say is now prized for redevelopment. The sale underscores how Midtown South zoning changes are reshaping small‑site values.

Corporate Suites signed a 13-year lease for two full floors at 16 East 34th Street, taking space in a Murray Hill building that once housed WeWork.

Miki Naftali’s $810M purchase of 800 Fifth Avenue has set off a scramble — tenants are being displaced while brokers compete for an exceptionally thin Upper East Side rental market.

City Hall opened a public engagement process to redevelop the Bedford‑Stuyvesant Multi‑Service Center into 100% affordable housing with modernized community space.

Tenant groups and the mayor are reviving COPA in a slimmer form that would pause sales of certain distressed NYC apartment buildings so nonprofits can try to buy them. The move revives industry pushback and fresh legal questions.

Thirteen Crown Heights residents say their landlord used fake apartment upgrades to deregulate units and jack rents. They’ve sued to re‑regulate the units and get refunds.

Med spas have quietly filled millions of square feet of retail across major U.S. markets, driven by booming wellness spending and new weight‑loss drugs.

NYCHA is preparing to convert Red Hook West to the PACT program under tenant leader Karen Blondel, shifting day‑to‑day management to private partners while residents weigh protections and repairs.

Howden signed a 10-year lease for the full 53rd floor at Durst’s One Five One in Times Square, taking roughly 31,519 square feet. The move highlights demand for upgraded Midtown office product.

RXR CEO Scott Rechler warns that massive AI investment is lifting borrowing costs and squeezing capital for new housing in New York.