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Antitrust lawsuits have little impact on New York agent commissions, survey shows
April 8, 2026
A year after major antitrust settlements involving broker commissions in New York City, average agent fees remain steady at about 5.7 percent per transaction according to recent surveys and industry voices cited in an April report.
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Podcast examines fallout from Josh Schuster’s securities fraud case
April 8, 2026
A new 'Deconstruct' podcast episode investigates developer Josh Schuster's securities fraud case and its impact on investors. The show also discusses key developments affecting New York City real estate.
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Yellowstone secures $203 million loan for Times Square office-to-residential project
April 7, 2026
Yellowstone Real Estate Investments has secured major financing to convert an office tower at Times Square into residential apartments and retail space. The project will include affordable housing units and reflects shifting trends away from hotel developments amid regulatory changes.
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Tim Morabito returns to Douglas Elliman to join father’s Hamptons team
April 7, 2026
Tim Morabito has rejoined Douglas Elliman after leaving Compass to work alongside his father Enzo's successful Hamptons real estate team. The move reflects ongoing collaboration between family members as well as Douglas Elliman's plans for organic growth.
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Mayor Mamdani marks first 100 days with tenant-focused housing policies and new programs
April 7, 2026
Mayor Zohran Mamdani completes nearly 100 days in office with several new tenant-focused policies and programs targeting affordable housing development. Key campaign promises have been moderated while reports on rental issues are pending following public hearings.
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Deutsche Bank files foreclosure suit against Kaufman Astoria Studios in Queens
April 7, 2026
Deutsche Bank has initiated foreclosure proceedings against Kaufman Astoria Studios over an unpaid loan totaling about $359 million. The case highlights financial challenges facing one of New York's leading filming locations amid broader efforts by state officials to boost local studio capacity.
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Plans filed for 34-story residential tower at Hudson Yards development site
April 7, 2026
A developer has filed plans for a new high-rise residential tower at one of Hudson Yards' remaining large sites. Ownership questions persist as Prospect Development Group submitted filings despite not owning the land. Nearby projects highlight ongoing growth in this Manhattan neighborhood.
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Brooklyn luxury home sales see slow end to March, Compass reports
April 7, 2026
Brooklyn's luxury housing market slowed down at the end of March with only thirteen contracts signed for high-end homes worth over $2 million each. The top deal was nearly $5.1 million for a condo at Olympia Dumbo while other notable sales included new developments like Williamsburg's Sixth building.
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Jemal family sells Midwood home for $13.6 million in off-market deal
April 6, 2026
The Jemal family has sold their Midwood home for $13.6 million—over four times its previous purchase price—in an off-market deal recorded March 30th. The sale surpasses most local listings but follows a trend of high-value trades among prominent real estate families.
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