JPMorgan Shovels $765M Into Rabsky's Downtown Brooklyn Giant
J.P. Morgan provided a $765M balance‑sheet loan to refinance Rabsky Group’s 1,102‑unit DoBro tower at 625 Fulton Street, replacing earlier construction debt. The move stabilizes the project’s capital stack.
Skinny Fifth Avenue Super Tower Taps Nikki Field For Sky-High Condo Sales Push
Sotheby’s Nikki Field is taking over sales at Five Points’ skinny NoMad tower at 262 Fifth Avenue. Private showings begin in May and initial prices start in the millions.
NYC Airbnb Crackdown Slaps Big Fines, Collects Small Change
An investigation finds unpaid fines and modest settlements have left New York City's crackdown on illegal short‑term rentals undercut. Legal wins are real, but the cash collected often isn’t.
Boerum Hill Block Rattled As Three-Building Rental Project Digs In
Excavators have started digging at 280 Bergen Street as crews begin foundations for a multi‑building residential project that will add hundreds of homes to Boerum Hill. The work follows a 2022 rezoning and a $166M construction loan that financed the package.
Carroll Gardens Landlord Takes $3M Haircut As GDC Snaps Up Carroll Street Rental
GDC Properties bought a 30‑unit Carroll Gardens building at 335 Carroll St for about $24.1M, transferring ownership from a Mack family entity and marking a notable Brooklyn multifamily trade.












