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New development inventory fell 12% by the end of Q2 compared to 2019, a sign of higher consumer confidence surpassing pre-pandemic levels. (iStock)

Glut reaction: Manhattan condo inventory finally drops

Developers in Manhattan can breathe a sigh of relief: New condo inventory is finally falling in the borough. The...

Glut reaction: Manhattan condo inventory finally drops
The Watson Hotel at 440 West 57th Street (Google Maps)

Developers already eyeing commercial-to-resi conversions

New York legislators are still figuring out what a comprehensive commercial-to-residential program could look like in the city, but...

Developers already eyeing commercial-to-resi conversions
The Down Town Association at 60-64 Pine Street (Wikipedia Commons, iStock/Illustration by Alexis Manrodt for The Real Deal)

Down Town Association files for bankruptcy

Lower Manhattan’s oldest social club is going under. The Down Town Association said in a bankruptcy filing on Thursday it had less than $75,000 to pay $6.9 million in debt, primarily held by its...

Down Town Association files for bankruptcy

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