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.

A New Jersey judge denied a request to delay the application of the state's new affordable housing law, with towns facing a January deadline to comply with or contest housing unit allocations.

CBRE expands its New York presence by leasing 64,000 sq ft at Lever House and adding three industry veterans to its U.S. Debt and Structured Finance team.

The NY Housing Lottery helped over 60 families become homeowners, including Tanese Orr and Robert Lashley, who bought a $1.1 million home for $727,365.

5 Times Square in Manhattan is being converted from an office tower to residential use, retaining commercial space, with a $95.1 million investment from developers RXR, Apollo Global Management, and SL Green Realty.

Prologis acquires two Brooklyn properties, expanding NYC presence with a $122 million buy from ExxonMobil in Greenpoint, and a 17-acre site in Coney Island from National Grid.

Bill Cosby faces foreclosure on two Manhattan properties due to defaulted loans, with ongoing legal actions by First Foundation Bank and CitiMortgage.

Jimmy Carter's impact on affordable housing in NYC's East Village is remembered after his passing at age 100. His work with Habitat for Humanity transformed a building, leaving a lasting legacy honored by residents and politicians alike.