New York real estate News

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• Brokerage Giant Cushman & Wakefield Launches $10M Legal Battle Against Sotheby’s

  Published: Apr 15, 2026

  Section: Real Estate

  Cushman & Wakefield has filed a lawsuit in the New York State Supreme Court against the prestigious auction house Sotheby’s, alleging a breach of contract regarding a $10.2 million...

• Skyscraper Titan Extell Development Appoints Andrew Chung as Co-CEO

  Published: Apr 1, 2026

  Section: Mergers & Acquisitions

  Extell Development, the powerhouse behind New York City’s Billionaires’ Row, has appointed Andrew Chung as President and Co-CEO. Chung, the founder of Innovo Property Group and for...

• Immigration Enforcement Fears Threaten New York City Construction Safety as Site Fatalities Rise

  Published: Mar 28, 2026

  Section: Immigration Policy

  The New York City Department of Buildings is intensifying worksite inspections following a spike in construction deaths, but rising fears of federal immigration raids are reportedl...

• Former LuxUrban CEOs Agree to $3M Settlement Over Alleged Investor Fraud

  Published: Mar 28, 2026

  Section: Mergers & Acquisitions

  Former LuxUrban CEOs Brian Ferdinand and Shanoop Kothari have reached a $3 million settlement to resolve a class-action lawsuit alleging they defrauded investors by fabricating hot...

• Deportation Fears Complicate NYC's Construction Safety Crackdown

  Published: Mar 19, 2026

  Section: Crime

  New York City’s Department of Buildings (DOB) is intensifying worksite enforcement following a rise in fatalities, even as broader injury rates have hit a ten-year low. However, la...

• Departing State Senator Brian Kavanagh Gets Failing Grade from Real Estate Industry

  Published: Mar 10, 2026

  Section: Commercial Properties

  As State Senator Brian Kavanagh prepares to step down as chair of the Senate’s Housing Committee, the New York real estate industry is offering a scathing review of his tenure. Kav...

• Multifamily Debt Shakeout: Flagstar and JPMorgan Offload Distressed Rent-Stabilized Portfolios

  Published: Mar 4, 2026

  Section: Property Investment

  The crisis gripping New York City’s rent-stabilized housing market has reached a new boiling point as institutional lenders accelerate their retreat from the sector. Banking giants...

• Swiss Brand Acquires 690 Madison Avenue in Landmark Retail Deal

  Published: Mar 4, 2026

  Section: Commercial Properties

  The landscape of Manhattan's ultra-luxury retail corridors continues to shift from leased models to owner-occupancy as a prominent Swiss luxury brand has officially acquired 690 Ma...