Luxury retailers in NYC are shifting from leasing to purchasing property, with Kering and Prada buying buildings on Fifth Avenue, signaling a new trend in the retail market.

The article reports on the slight decline in New York City's hotel occupancy rates and the city's phasing out of some hotels used for migrant housing.

New York City's luxury real estate market saw its second-most successful year with 278 contracts for properties over $10M and a record $11B in $4M+ contracts.

A New York City audit finds higher eviction rates at public housing managed by private firms under the PACT program compared to traditional public housing.

Former StreetEasy CEO Michael A. Smith faces a $10 million lawsuit from McDonald's over an allegedly unauthorized penthouse in Tribeca that's built over a space McDonald's reserved for HVAC.

NYC Mayor Eric Adams and ACS secured permanent housing for the 100th former foster youth through a partnership with Anthos|Home, aiming for stable futures and continued support.

NYC opens a new affordable housing site in the Bronx, as part of Mayor Adams' initiative to reduce homelessness, offering services for people with criminal histories and substance use issues.

REBNY filed a lawsuit to challenge a NYC law that would shift broker fees from tenants to landlords, arguing that it violates free speech and contract rights.

NYC public housing residents fleeing domestic violence face long waits for emergency transfers, with an average duration of 797 days, according to a Gothamist report.

Mayor Eric Adams' "City of Yes" plan aims to increase NYC's housing supply by 80,000 units over 15 years through zoning reforms, amid a severe housing crisis with a rental vacancy rate of 1.4% in 2023.

New York Attorney General Letitia James reaches a $6.5 million settlement with Lilmor Management for severe housing violations, including lead exposure.

The U.S. and New York State have secured a consent decree with Lilmor Management and Morris Lieberman for neglecting lead paint laws, costing them over $6.5 million in fines and remediation.

Real estate deals are transforming Mott Haven, with Peter Fine selling a development site for $28.5 million, and Kofee cafe set to open at RXR's residential tower Maven in 2025.