Rebecca Picciotto

City officials ordered on Tuesday a partial construction shutdown for another office tower in Midtown Manhattan that is being converted to apartments, following the city's ramped-up investigations of such projects.

City officials ordered on Tuesday a partial construction shutdown for another office tower in Midtown Manhattan that is being converted to apartments, following the city’s ramped-up investigations of such projects.

The mayor fired corporate leaders from a city fund’s advisory board in the latest sign that he is changing the way such power brokers access City Hall.

Accountant Mark Goodman tried to explain it to his clients delicately: Setting up an offshore corporation in the Cayman Islands to hold their New York City pied-à-terre wouldn't get them out of the new tax on second homes.

Owners of second homes are “apoplectic” over the levy. Some are highlighting flaws to try to reduce their home’s value or moving in family members.

A group of aggrieved New York City homeowners are suing to delay Mayor Zohran Mamdani's looming pied-à-terre tax, an early legal challenge to the new surcharge that took effect about a month ago.

A lawsuit represents an early test of the mayor’s controversial housing levy.

The looming tax has left thousands of property owners in a fog of confusion.

New York City's looming tax on luxury second homes has left thousands of property owners in a fog of confusion.

At least 10 high-ranking officials are leaving Fannie Mae, raising concerns about more turmoil at one of the firms that back major portions of the mortgage market, according to people familiar with the matter.