Sasha Jones

A month after the New York City Rent Guidelines Board voted to freeze rents on all stabilized leases, a group of landlords has filed a lawsuit claiming that the process was illegally influenced by the mayor.

Fortress Investment Group made its name investing when markets fell apart. Now, with the commercial real estate cycle turning, the investment giant is building a business that no longer depends on the next crisis.

Construction work has been halted at a second Manhattan project as city officials embark on an inspection onslaught at office-to-residential conversions following the near collapse of a Midtown skyscraper.

BXP has nearly pieced together all the money it needs for a new 930K SF office tower in Midtown Manhattan after closing on a $1.2B construction loan.

Fewer tourists are coming to Manhattan and visiting the top of the Empire State Building, dragging the tower's owner into the red.

Investors face $80M losses as a 3,500-unit NYC rent-stabilized portfolio struggles.

Alexandria's lawsuit against NYCEDC and the city's health systems continues to escalate amid market challenges.

The attraction accounts for 20% of Empire State Realty Trust's NOI.

The office development is 50% preleased, and BXP is in negotiations with additional tenants and investors.

A contractor failed to notify the Department of Buildings after cracks were discovered on two newly installed beams.