New York

Inventory Issues Continue To Plague New York City’s New Dev Market — Naftali Group’s Miki Naftali with The Willow at 201 East 23rd Street and One Williamsburg Wharf and Two Trees’ Jed Walentas with One Domino Square (Getty, COOKFOX, Williamsburg Wharf, Selldorf Architects)

Low inventory, hidden contracts drive new dev swoon

Contracts in the second quarter were down 9% from 2024

Saudis take stake in Related’s 625 Madison

Saudis take stake in Related’s 625 Madison

Public Investment Fund invested $200M into project before taking ⅔ stake

Steve Croman facing six foreclosure suits for stiffing insurance and water

Steve Croman facing six foreclosure suits for stiffing insurance and water

Capital One loaned entities connected to Croman $30.9M across six mortgages

Resale at Legion’s UES Condos Scores Top Manhattan Contract

Legion Investment Group’s UES condo scores top Manhattan contract

A 16th-floor penthouse at 109 East 79th Street asked $35M