Sotheby’s Boss Claims Manhattan’s Priciest Pads Are A Bargain
Sotheby’s CEO Philip White told CNBC Manhattan’s luxury market is “undervalued,” saying shifting buyer demand and Sotheby’s mid‑year outlook make parts of the city look like an opportunity.
New Albany Slams Brakes on Data Centers, Eyes Yearlong Building Freeze
New Albany officials advanced a proposal to pause new data center construction for 12 months while planners study utility, land‑use and environmental impacts. The City Council held a first reading June 18 and scheduled a public meeting June 22.
Long Beach Nonprofit To Bulldoze Its Own HQ For 109 New Affordable Homes
Linc Housing filed plans to replace its Long Beach headquarters with a five‑story, 109‑unit affordable housing project at 3590 Elm Ave backed by $39.8M in county financing. The proposal would include offices and parking and target families earning 30–70% of AMI.
City Teacher Pensions Lock Down 50th Floor At 55 Water As FiDi Heats Up
The NYC Board of Education Retirement System signed a 78,000-sf lease at 55 Water Street, consolidating onto the 50th floor and locking in a 30-year presence in FiDi. The move adds to a recent string of large deals at the tower.
Pasadena Planners Eye SB 9 Comeback In Eaton Fire Burn Zone
Pasadena’s planning panel will consider recommending repeal of two interim ordinances that have barred SB 9 lot splits in the Eaton Fire burn area. The move could reopen ministerial two‑unit and lot‑split approvals if the City Council signs off.












