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Celebrity dentist Marc Lowenberg’s elite practice, located on the first and second floors of 230 Central Park South, has sued the building’s co‑op board over a new rule that forces commercial tenants to pay for an extra doorman when 30 or more guests arrive within four hours. The board says the rule covers a building‑wide service, but Lowenberg argues it is arbitrary, capricious and specifically designed to target his high‑traffic dental office, potentially costing the practice more than $180,000 a year in fines. The lawsuit contends the lease does not permit an individual shareholder to shoulder such costs. Tensions have escalated, including an alleged physical confrontation during a board meeting.
Art dealer Gordon VeneKlasen sold his 4,000‑square‑foot Greenwich Village townhouse for $18 million, translating to roughly $4,500 per square foot. He originally bought the property from hedge‑fund billionaire Daniel Loeb in 2009 for $5.5 million and later renovated it with architect Annabelle...
CIM Group has filed a rezoning proposal to transform the former Jehovah’s Witnesses Watchtower campus in Brooklyn Heights into a 661‑unit mixed‑use development, including 165 affordable apartments. The site, comprising five buildings at 25 and 30‑58 Columbia Heights, was purchased...
New York City’s affordable‑housing operators are hit by soaring insurance costs and a disproportionate share of lawsuits. Although they represent only 20 % of the city’s multifamily stock, affordable and rent‑stabilized buildings account for 56 % of personal‑injury claims, making them three...
The U.S. Attorney’s Office in New Jersey has halted new mortgage‑fraud prosecutions after a federal judge disqualified Alina Habba and three successors for illegal, non‑Senate‑confirmed appointments. No criminal charges have been filed since 2024 despite rising fraud reports, and staffing shortages...
Mayor Zohran Mamdani is quietly pitching three new real‑estate taxes that could raise about $1.2 billion to help close New York City’s multi‑billion‑dollar budget gap. At the same time, the 32BJ‑SEIU union has begun contract talks with building owners, warning of a...
Northwell Health agreed to purchase the 338,000‑square‑foot Rego Park I retail complex for $235.5 million, translating to $697 per square foot. The transaction, slated to close in the third quarter, gives the health system a vacant, six‑acre site at a busy Queens intersection....
Charney Companies and Tavros Capital secured a $125 million Freddie Mac loan to refinance the 224‑unit Union Channel building, the first phase of their Gowanus Wharf campus. The seven‑year fixed‑rate loan was arranged by JLL and underscores the developers’ aggressive rollout of...
Ready Capital posted a $232 million loss for the fourth quarter, an improvement from a $314 million loss a quarter earlier, as it restructures a $1.5 billion commercial‑real‑estate loan portfolio. Non‑accrual loans surged to 25% of the book, roughly $1.3 billion, driven by a...
Howard Hanna, the nation’s largest privately held brokerage, has hired former Douglas Elliman leasing head Hal Gavzie as executive director of business development for its newly launched New York City office. The move follows Hanna’s October acquisition of Elegran Real Estate,...
Governor Kathy Hochul’s 2026 budget proposes exempting many New York City housing projects from the State Environmental Quality Review Act (SEQRA), aiming to curb costly lawsuits that delay construction. The exemption applies to projects with up to 500 units in...
Harvey AI is adding more than 90,000 square feet to its existing lease at SL Green’s One Madison, bringing its total footprint to roughly 185,000 square feet. The expansion pushes the 1.4‑million‑square‑foot Class A tower to 100 percent occupancy, a milestone for the...
Snowflake has signed an 83,000‑square‑foot lease at BXP’s 7 Times Square, adding a new headquarters in Manhattan’s iconic office tower. The lease terms and rent were not disclosed, though the fourth‑quarter average asking rent in Times Square was $76.42 per...
