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<title>Bisnow News Feed</title>
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<description>Bisnow New York News</description>
<docs>http://blogs.law.harvard.edu/tech/rss</docs>
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<title>Ulta To Open $400M, 4-Story Times Square Flagship</title>
<link>https://www.bisnow.com/new-york/news/retail/ulta-beauty-times-square-new-store-lease-134871</link>
<guid>https://www.bisnow.com/new-york/news/retail/ulta-beauty-times-square-new-store-lease-134871</guid>
<description>Ulta Beauty has agreed to pay $400M to lease an entire building in the Times Square bowtie for its new experiential flagship.</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Thu, 04 Jun 2026 12:10:17 -0400</pubDate>
<content:encoded><![CDATA[Ulta Beauty has agreed to pay $400M to lease an entire building in the Times Square bowtie for its new experiential flagship.]]></content:encoded>
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<title>NYC's Rent-Stabilized Subsidy Goes Untapped By Nonprofit Buyers</title>
<link>https://www.bisnow.com/new-york/news/multifamily/nycs-rent-stabilized-subsidy-goes-untapped-by-nonprofit-buyers-134896</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/nycs-rent-stabilized-subsidy-goes-untapped-by-nonprofit-buyers-134896</guid>
<description>New York City is relying on nonprofits to save its distressed rent-stabilized housing stock. But they have yet to become the white knight that renters need.
In April 2025, the Department of Housing Preservation and Development relaunched its Neighborhood...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Fri, 05 Jun 2026 16:38:22 -0400</pubDate>
<content:encoded><![CDATA[New York City is relying on nonprofits to save its distressed rent-stabilized housing stock. But they have yet to become the white knight that renters need.
In April 2025, the Department of Housing Preservation and Development relaunched its Neighborhood Pillars program, which aims to provide financing to nonprofits seeking to acquire and rehabilitate multifamily properties. More than a year later, the city has yet to close on a project, HPD Commissioner Dina Levy said this week. 
“Pillars has been a little bit slow-going,” she told the City Council Committee on Public Housing during an executive budget hearing on Tuesday.]]></content:encoded>
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<title>Experts To Take Pulse Of Healthcare Construction At June 24 Bisnow Event</title>
<link>https://www.bisnow.com/new-york/news/healthcare/experts-to-take-pulse-of-healthcare-construction-at-june-24-bisnow-event-134858</link>
<guid>https://www.bisnow.com/new-york/news/healthcare/experts-to-take-pulse-of-healthcare-construction-at-june-24-bisnow-event-134858</guid>
<description>On June 24, experts in developing, designing and constructing New York’s healthcare and medical office spaces will gather at 1334 York Ave. for Bisnow’s New York Healthcare Real Estate Conference to discuss how they’re adapting medical spaces to...</description>
<author>elizabeth.reyn@bisnow.com</author>
<pubDate>Wed, 03 Jun 2026 15:51:17 -0400</pubDate>
<content:encoded><![CDATA[On June 24, experts in developing, designing and constructing New York’s healthcare and medical office spaces will gather at 1334 York Ave. for Bisnow’s New York Healthcare Real Estate Conference to discuss how they’re adapting medical spaces to meet today’s patient needs while navigating rising construction costs and health regulations.
Representatives from top healthcare systems — including Northwell Health, Mount Sinai Health, Memorial Sloan Kettering, Montefiore Health System and Columbia University Medical Center — will share their thoughts on topics such as meeting the needs of staff and patients, making upgrades in an operational building, and strategic building positioning.
Panels include:

Medical Office Buildings:...]]></content:encoded>
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<title>FDNY: Fires Spreading Across New York's Rent-Stabilized Buildings</title>
<link>https://www.bisnow.com/new-york/news/multifamily/bronx-fires-hstpa-multifamily-distress-134862</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/bronx-fires-hstpa-multifamily-distress-134862</guid>
<description>The Bronx has ignited again, and the New York Fire Department’s leadership says the borough’s aging housing stock is to blame. 
During a city council hearing this week, FDNY officials testified that there were 27 multi-alarm fires in Bronx properties...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Wed, 03 Jun 2026 16:51:02 -0400</pubDate>
<content:encoded><![CDATA[The Bronx has ignited again, and the New York Fire Department’s leadership says the borough’s aging housing stock is to blame. 
During a city council hearing this week, FDNY officials testified that there were 27 multi-alarm fires in Bronx properties through May 13, roughly double the number of incidents in prior years.
“Electrical fires have been consistently the leading cause of fire within the city,” FDNY First Deputy Commissioner Daniel Flynn said. “Our buildings continue to get older and older, and we continue to see these electrical fires.”]]></content:encoded>
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<title>Charles Cohen Sells 2 Midtown Plots To Empire State Realty Trust</title>
<link>https://www.bisnow.com/new-york/news/office/empire-state-realty-namdar-charles-cohen-midtown-134821</link>
<guid>https://www.bisnow.com/new-york/news/office/empire-state-realty-namdar-charles-cohen-midtown-134821</guid>
<description>Empire State Realty Trust acquired the land under two of its Manhattan office towers from Charles Cohen, who is scrambling to raise $135M to save his real estate empire.</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Tue, 02 Jun 2026 11:01:06 -0400</pubDate>
<content:encoded><![CDATA[Empire State Realty Trust acquired the land under two of its Manhattan office towers from Charles Cohen, who is scrambling to raise $135M to save his real estate empire.]]></content:encoded>
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<title>Simpson Thacher Taking Nearly 1M SF On Fifth Avenue: The N.Y. Deal Sheet</title>
<link>https://www.bisnow.com/new-york/news/deal-sheet/simpson-thacher-signs-almost-1m-sf-lease-this-weeks-ny-deal-sheet-134827</link>
<guid>https://www.bisnow.com/new-york/news/deal-sheet/simpson-thacher-signs-almost-1m-sf-lease-this-weeks-ny-deal-sheet-134827</guid>
<description>Law firm Simpson, Thacher &amp; Bartlett signed Manhattan's largest office lease in May, taking most of the space in Extell Development’s planned Midtown office tower.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Tue, 02 Jun 2026 12:21:37 -0400</pubDate>
<content:encoded><![CDATA[Law firm Simpson, Thacher & Bartlett signed Manhattan's largest office lease in May, taking most of the space in Extell Development’s planned Midtown office tower.]]></content:encoded>
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<title>SL Green Selling Midtown East Tower For $312M</title>
<link>https://www.bisnow.com/new-york/news/office/sl-green-312m-10-e-53rd-midtown-east-meadow-partners-134806</link>
<guid>https://www.bisnow.com/new-york/news/office/sl-green-312m-10-e-53rd-midtown-east-meadow-partners-134806</guid>
<description>Manhattan’s largest office landlord is one step closer to completing a $2.5B sell-off after reaching a deal to offload a 390K SF trophy tower in Midtown East.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Mon, 01 Jun 2026 12:19:36 -0400</pubDate>
<content:encoded><![CDATA[Manhattan’s largest office landlord is one step closer to completing a $2.5B sell-off after reaching a deal to offload a 390K SF trophy tower in Midtown East.]]></content:encoded>
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<title>United Overseas Bank Takes Over Landmark Midtown Tower</title>
<link>https://www.bisnow.com/new-york/news/capital-markets/united-overseas-bank-takes-back-century-old-garment-district-office-building-134788</link>
<guid>https://www.bisnow.com/new-york/news/capital-markets/united-overseas-bank-takes-back-century-old-garment-district-office-building-134788</guid>
<description>In the latest signal of the end of commercial real estate's extend-and-pretend era, a storied office building in Midtown Manhattan is now in the hands of a bank.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Fri, 29 May 2026 13:19:45 -0400</pubDate>
<content:encoded><![CDATA[In the latest signal of the end of commercial real estate's extend-and-pretend era, a storied office building in Midtown Manhattan is now in the hands of a bank.]]></content:encoded>
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<title>Mori Building Buys Stake In SL Green's Next Trophy As Japan's U.S. CRE Interest Deepens</title>
<link>https://www.bisnow.com/new-york/news/capital-markets/mori-building-346-madison-sl-green-japanese-investment-134761</link>
<guid>https://www.bisnow.com/new-york/news/capital-markets/mori-building-346-madison-sl-green-japanese-investment-134761</guid>
<description>SL Green has landed a foreign investor as an equity partner to launch its latest new office project in Midtown Manhattan, sourcing the capital from a country that is demonstrating increased appetite for U.S. real estate assets.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Thu, 28 May 2026 11:44:00 -0400</pubDate>
<content:encoded><![CDATA[SL Green has landed a foreign investor as an equity partner to launch its latest new office project in Midtown Manhattan, sourcing the capital from a country that is demonstrating increased appetite for U.S. real estate assets.]]></content:encoded>
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<title>Banks Fueled The Rise Of Private Credit. Now They're 'Competing Against Ourselves'</title>
<link>https://www.bisnow.com/new-york/news/capital-markets/banks-fueled-private-credit-now-theyre-competing-against-ourselves-134752</link>
<guid>https://www.bisnow.com/new-york/news/capital-markets/banks-fueled-private-credit-now-theyre-competing-against-ourselves-134752</guid>
<description>Banks trying to reenter the commercial real estate lending game have found themselves in a Catch-22.
Regulatory scrutiny and balance sheet issues effectively barred financial institutions from the market starting in 2023. Instead of disappearing...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Wed, 27 May 2026 17:24:16 -0400</pubDate>
<content:encoded><![CDATA[Banks trying to reenter the commercial real estate lending game have found themselves in a Catch-22.
Regulatory scrutiny and balance sheet issues effectively barred financial institutions from the market starting in 2023. Instead of disappearing completely, they lowered their exposure by lending to their new counterparts.
“We've backlevered ourselves essentially by financing some debt funds and causing that margin compression,” KeyBank Real Estate Capital Regional Executive Alan Isenstadt said at Bisnow’s New York Investment and Lending Conference.
But even as banks' appetite for CRE lending has returned, debt funds are grabbing more and more market share.
“We’re competing against ourselves on two sides,” Isenstadt said.]]></content:encoded>
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<title>Lender Grabs Troubled SoHo Building From Madison Capital, Vornado: The N.Y. Deal Sheet</title>
<link>https://www.bisnow.com/new-york/news/deal-sheet/capstone-equities-gateway-soho-ny-deal-sheet-134724</link>
<guid>https://www.bisnow.com/new-york/news/deal-sheet/capstone-equities-gateway-soho-ny-deal-sheet-134724</guid>
<description>Less than two years after Madison Capital and Vornado Realty Trust put their boutique office and retail development they dubbed the Gateway to SoHo on the market for $100M, they sold the building for half that much.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Tue, 26 May 2026 13:13:23 -0400</pubDate>
<content:encoded><![CDATA[Less than two years after Madison Capital and Vornado Realty Trust put their boutique office and retail development they dubbed the Gateway to SoHo on the market for $100M, they sold the building for half that much.]]></content:encoded>
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<title>Mamdani Rolls Out $22B Housing Plan, Boosting Development While Upping Enforcement</title>
<link>https://www.bisnow.com/new-york/news/multifamily/mamdani-unveils-sweeping-housing-plan-eyes-more-property-takeovers-134725</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/mamdani-unveils-sweeping-housing-plan-eyes-more-property-takeovers-134725</guid>
<description>New York City Mayor Zohran Mamdani released his housing agenda Tuesday, setting a goal of developing 200,000 new housing units over the next decade and preserving 200,000 more, while increasing enforcement on landlords of deteriorating buildings and...</description>
<author>ethan.rothstein@bisnow.com</author>
<pubDate>Tue, 26 May 2026 11:19:04 -0400</pubDate>
<content:encoded><![CDATA[New York City Mayor Zohran Mamdani released his housing agenda Tuesday, setting a goal of developing 200,000 new housing units over the next decade and preserving 200,000 more, while increasing enforcement on landlords of deteriorating buildings and expanding pathways for the city to seize problematic properties and steer them to new owners.
The sweeping housing plan, dubbed “Block by Block,” is a 112-page document that lays out an array of policy proposals — some of which are already in motion — aimed at tackling the city's housing crisis. In addition to development, preservation and enforcement, a significant chunk of the plan is dedicated to...]]></content:encoded>
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<title>NYC On The Verge Of A Construction Boom As Permit Filings Spike</title>
<link>https://www.bisnow.com/new-york/news/construction-development/nyc-construction-housing-q1-2026-building-permits-rebny-134705</link>
<guid>https://www.bisnow.com/new-york/news/construction-development/nyc-construction-housing-q1-2026-building-permits-rebny-134705</guid>
<description>New building filings surged in the first quarter of 2026 as New York City officials have scurried to find ways to address the housing crisis. 
Developers sought permits to build 21.2M SF across 577 new projects, a 74% year-over-year jump and far above...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Fri, 22 May 2026 13:50:32 -0400</pubDate>
<content:encoded><![CDATA[New building filings surged in the first quarter of 2026 as New York City officials have scurried to find ways to address the housing crisis. 
Developers sought permits to build 21.2M SF across 577 new projects, a 74% year-over-year jump and far above the average pace of construction over the past two decades, according to a report by the Real Estate Board of New York.]]></content:encoded>
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<title>Landlords Are Turning Offices Into Art Galleries To Win Tenants</title>
<link>https://www.bisnow.com/national/news/office/office-developers-curate-extravagant-art-collections-draw-tenants-134693</link>
<guid>https://www.bisnow.com/national/news/office/office-developers-curate-extravagant-art-collections-draw-tenants-134693</guid>
<description>Two years ago, Merrick Porchéddu shifted her consulting business away from the public sector to focus on where artists are getting paid: corporate workplaces.
In efforts to bring back tenants following the pandemic, office landlords are investing tens...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Thu, 21 May 2026 16:25:36 -0400</pubDate>
<content:encoded><![CDATA[Two years ago, Merrick Porchéddu shifted her consulting business away from the public sector to focus on where artists are getting paid: corporate workplaces.
In efforts to bring back tenants following the pandemic, office landlords are investing tens of millions of dollars in office renovations. Slapping a generic print in a craft store frame and hanging it on a conference room wall is no longer enough — the space has to be exciting. For some, it has to be exclusive. 
Budgets for commissions commonly range from $200K on the low end and into the millions, according to Porchéddu, the founding partner of...]]></content:encoded>
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<title>'Talk About Leverage': NYC Hoteliers Pay Dearly To Dodge World Cup Strike</title>
<link>https://www.bisnow.com/new-york/news/hotel/leverage-new-hotel-labor-contract-adds-mounting-hotel-expenses-134690</link>
<guid>https://www.bisnow.com/new-york/news/hotel/leverage-new-hotel-labor-contract-adds-mounting-hotel-expenses-134690</guid>
<description>Faced with a choice between a potentially devastating work stoppage during a once-in-a-generation sporting event and agreeing to massive wage increases, New York City hotel owners opted for the latter.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Thu, 21 May 2026 14:40:47 -0400</pubDate>
<content:encoded><![CDATA[Faced with a choice between a potentially devastating work stoppage during a once-in-a-generation sporting event and agreeing to massive wage increases, New York City hotel owners opted for the latter.]]></content:encoded>
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<title>Amtrak Picks Halmar, Skanska For $8B Penn Station Rebuild</title>
<link>https://www.bisnow.com/new-york/news/infrastructure/amtrak-picks-halmar-skanska-vornado-8b-penn-station-rebuild-134676</link>
<guid>https://www.bisnow.com/new-york/news/infrastructure/amtrak-picks-halmar-skanska-vornado-8b-penn-station-rebuild-134676</guid>
<description>Madison Square Garden won't be going anywhere, federal officials revealed Wednesday when they selected the companies that will lead the $8B overhaul of New York Penn Station, a project that has long floundered despite various efforts by state and local...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Wed, 20 May 2026 16:51:12 -0400</pubDate>
<content:encoded><![CDATA[Madison Square Garden won't be going anywhere, federal officials revealed Wednesday when they selected the companies that will lead the $8B overhaul of New York Penn Station, a project that has long floundered despite various efforts by state and local officials. ]]></content:encoded>
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<title>Mamdani Targets Central Brooklyn For First Neighborhood Rezoning</title>
<link>https://www.bisnow.com/new-york/news/neighborhood/mamdani-targets-central-brooklyn-north-bronx-for-first-neighborhood-rezonings-134672</link>
<guid>https://www.bisnow.com/new-york/news/neighborhood/mamdani-targets-central-brooklyn-north-bronx-for-first-neighborhood-rezonings-134672</guid>
<description>A neighborhood home to heavy concentrations of immigrants from predominantly Muslim South Asian countries is the first to be targeted for a new housing plan by the city's first Muslim and South Asian mayor.</description>
<author>ethan.rothstein@bisnow.com</author>
<pubDate>Wed, 20 May 2026 15:30:31 -0400</pubDate>
<content:encoded><![CDATA[A neighborhood home to heavy concentrations of immigrants from predominantly Muslim South Asian countries is the first to be targeted for a new housing plan by the city's first Muslim and South Asian mayor.]]></content:encoded>
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<title>INSIDE THE SPACE: 20 Times Square </title>
<link>https://www.bisnow.com/new-york/news/retail/inside-the-space-20-times-square-134620</link>
<guid>https://www.bisnow.com/new-york/news/retail/inside-the-space-20-times-square-134620</guid>
<description>Welcome to Inside the Space, where Bisnow takes you inside some of the most compelling available spaces on the market. Want your space featured? Email brian.kinslow@bisnow.com.</description>
<author>julia.troy@bisnow.com</author>
<pubDate>Mon, 18 May 2026 12:14:26 -0400</pubDate>
<content:encoded><![CDATA[Welcome to Inside the Space, where Bisnow takes you inside some of the most compelling available spaces on the market. Want your space featured? Email brian.kinslow@bisnow.com.]]></content:encoded>
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<title>Westchester Banks On Attracting More Reverse Commuters From NYC</title>
<link>https://www.bisnow.com/new-york/news/economic-development/westchester-county-metro-north-reverse-commute-nyc-134652</link>
<guid>https://www.bisnow.com/new-york/news/economic-development/westchester-county-metro-north-reverse-commute-nyc-134652</guid>
<description>As bridge-and-tunnel crowds stream into Manhattan each morning, a growing number of New Yorkers are heading the other way, reverse commuting to jobs beyond the city limits.</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Tue, 19 May 2026 17:01:26 -0400</pubDate>
<content:encoded><![CDATA[As bridge-and-tunnel crowds stream into Manhattan each morning, a growing number of New Yorkers are heading the other way, reverse commuting to jobs beyond the city limits.]]></content:encoded>
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<title>Naftali, Access Refi Williamsburg Wharf For $374M: The N.Y. Deal Sheet</title>
<link>https://www.bisnow.com/new-york/news/deal-sheet/naftali-access-net-374m-refi-williamsburg-wharf-ny-deal-sheet-134642</link>
<guid>https://www.bisnow.com/new-york/news/deal-sheet/naftali-access-net-374m-refi-williamsburg-wharf-ny-deal-sheet-134642</guid>
<description>Naftali Group and Access Real Estate scored a huge refinancing for their master-planned, 3.75-acre development on the East River in Williamsburg.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Tue, 19 May 2026 13:09:24 -0400</pubDate>
<content:encoded><![CDATA[Naftali Group and Access Real Estate scored a huge refinancing for their master-planned, 3.75-acre development on the East River in Williamsburg.]]></content:encoded>
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<title>Discussing How To Bring Value To Healthcare Spaces At Bisnow's June 24 Healthcare Conference</title>
<link>https://www.bisnow.com/new-york/news/architecture-design/ewingcole-value-healthcare-spaces-bisnow-june-24-healthcare-conference-studiob-134421</link>
<guid>https://www.bisnow.com/new-york/news/architecture-design/ewingcole-value-healthcare-spaces-bisnow-june-24-healthcare-conference-studiob-134421</guid>
<description>Patients today have significantly more choices, and less loyalty, for where and how they receive care. This shift is forcing healthcare systems to think much more intentionally about how to optimize their real-estate portfolios while prioritizing higher-quality...</description>
<author>elizabeth.reyn@bisnow.com</author>
<pubDate>Tue, 05 May 2026 10:46:44 -0400</pubDate>
<content:encoded><![CDATA[Patients today have significantly more choices, and less loyalty, for where and how they receive care. This shift is forcing healthcare systems to think much more intentionally about how to optimize their real-estate portfolios while prioritizing higher-quality individualized care.
Architecture and engineering firm EwingCole lends its expertise to New York’s healthcare sector, often resulting in adaptive reuse developments and program expansions to existing sites. EwingCole principal Sophie Buttiens is at the helm of design and programming focused on ambulatory and outpatient environments, helping healthcare organizations align real estate strategy with evolving models of care.
Some of EwingCole’s projects involve converting retail spaces into medical facilities across New York City and Long...]]></content:encoded>
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<title>Value Of Tishman Speyer's Long Island City Office Complex Slashed In Loan Workout</title>
<link>https://www.bisnow.com/new-york/news/office/tishman-speyers-jacx-nets-loan-modification-after-towers-value-slashed-134628</link>
<guid>https://www.bisnow.com/new-york/news/office/tishman-speyers-jacx-nets-loan-modification-after-towers-value-slashed-134628</guid>
<description>Tishman Speyer has dodged an imminent maturity default on its 1.2M SF Long Island City office tower, buying time to fill a major vacancy.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Mon, 18 May 2026 15:40:15 -0400</pubDate>
<content:encoded><![CDATA[Tishman Speyer has dodged an imminent maturity default on its 1.2M SF Long Island City office tower, buying time to fill a major vacancy.]]></content:encoded>
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<title>Newmark Is Chasing Nightingale's Co-Founder For $3M. His Firm Just Bought A $25M Building</title>
<link>https://www.bisnow.com/national/news/commercial-real-estate/newmark-is-chasing-nightingales-co-founder-for-3m-his-firm-just-bought-a-25m-building-134623</link>
<guid>https://www.bisnow.com/national/news/commercial-real-estate/newmark-is-chasing-nightingales-co-founder-for-3m-his-firm-just-bought-a-25m-building-134623</guid>
<description>Newmark is asking a New York court to compel Simon Singer, co-founder of Nightingale Properties and the firm's former president, to produce financial records as it tries to collect on a $3M judgment that Singer and his family trust have yet to pay. 
Singer's...</description>
<author>mark.bonner@bisnow.com</author>
<pubDate>Mon, 18 May 2026 12:14:09 -0400</pubDate>
<content:encoded><![CDATA[Newmark is asking a New York court to compel Simon Singer, co-founder of Nightingale Properties and the firm's former president, to produce financial records as it tries to collect on a $3M judgment that Singer and his family trust have yet to pay. 
Singer's attorneys have appealed the judgment and argue that Newmark shouldn't be able to collect because of its work representing his former business partner, Elie Schwartz, as he was defrauding investors in Nightingale deals to the tune of $63M.]]></content:encoded>
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<title>NYC Unveils Reforms To Slash Housing Development Timelines</title>
<link>https://www.bisnow.com/new-york/news/construction-development/speed-task-force-zohran-mamdani-affordable-housing-construction-134588</link>
<guid>https://www.bisnow.com/new-york/news/construction-development/speed-task-force-zohran-mamdani-affordable-housing-construction-134588</guid>
<description>In an effort to tackle the housing crisis, the Mamdani administration released a set of recommendations that would overhaul every part of the development process and could cut years off of schedules. 
The 36-page report, published Wednesday, was created...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Thu, 14 May 2026 14:04:00 -0400</pubDate>
<content:encoded><![CDATA[In an effort to tackle the housing crisis, the Mamdani administration released a set of recommendations that would overhaul every part of the development process and could cut years off of schedules. 
The 36-page report, published Wednesday, was created by the Streamlining Procedures to Expedite Equitable Development task force, referred to as SPEED. The group was formed on Mayor Zohran Mamdani’s first day in office and has since met with more than 100 industry experts, advocates, developers, builders and trade organizations, according to the city’s announcement of the report.
The changes are expected to reduce timelines for all affordable housing projects by eight months....]]></content:encoded>
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<title>COPA Is Back: Council Revives Bill To Give Housing Groups First Dibs On Some Buildings</title>
<link>https://www.bisnow.com/new-york/news/multifamily/copa-revived-target-distressed-multifamily-buildings-134585</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/copa-revived-target-distressed-multifamily-buildings-134585</guid>
<description>The Community Opportunity to Purchase Act is back on the table less than six months after it was vetoed by then-Mayor Eric Adams — in a less dramatic form. 
A new version of the controversial bill was introduced Thursday with the backing of 22...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Thu, 14 May 2026 12:33:33 -0400</pubDate>
<content:encoded><![CDATA[The Community Opportunity to Purchase Act is back on the table less than six months after it was vetoed by then-Mayor Eric Adams — in a less dramatic form. 
A new version of the controversial bill was introduced Thursday with the backing of 22 New York City Council members. The legislation would give certain nonprofits first dibs to purchase multifamily properties that hit the market or receive an offer.]]></content:encoded>
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<title>Charles Cohen Defaults On $150M Decoration &amp; Design Building Loan</title>
<link>https://www.bisnow.com/new-york/news/capital-markets/charles-cohen-defaults-on-decoration-design-building-150m-loan-134569</link>
<guid>https://www.bisnow.com/new-york/news/capital-markets/charles-cohen-defaults-on-decoration-design-building-150m-loan-134569</guid>
<description>Another crown jewel of billionaire Charles Cohen's real estate portfolio is at risk.</description>
<author>ethan.rothstein@bisnow.com</author>
<pubDate>Wed, 13 May 2026 17:08:31 -0400</pubDate>
<content:encoded><![CDATA[Another crown jewel of billionaire Charles Cohen's real estate portfolio is at risk.]]></content:encoded>
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<title>Proprietary Data Obsession Is Holding Real Estate Back From AI</title>
<link>https://www.bisnow.com/national/news/ai/no-one-cares-about-your-data-fears-of-leaks-implementation-holds-cre-back-from-ai-134564</link>
<guid>https://www.bisnow.com/national/news/ai/no-one-cares-about-your-data-fears-of-leaks-implementation-holds-cre-back-from-ai-134564</guid>
<description>In real estate, data might as well be currency. 
Neighborhood demographics, vacancy rates and sales figures are tracked by nearly every brokerage and developer. The numbers inform daily decision-making, and, to defend against competition, many are kept...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Wed, 13 May 2026 15:57:46 -0400</pubDate>
<content:encoded><![CDATA[In real estate, data might as well be currency. 
Neighborhood demographics, vacancy rates and sales figures are tracked by nearly every brokerage and developer. The numbers inform daily decision-making, and, to defend against competition, many are kept under lock and key.
But a sacrifice may be needed if executives want to reap the benefits of artificial intelligence, proptech experts said at Bisnow’s New York AI & Technology event on Wednesday.
“Real estate companies are in this difficult place where they feel like they have all this special data. They don't want Claude or OpenAI to have access to the data,” Fundrise CEO Ben...]]></content:encoded>
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<title>Developer Lands $72M To Build Williamsburg Luxury Gym: The N.Y. Deal Sheet</title>
<link>https://www.bisnow.com/new-york/news/deal-sheet/life-time-double-u-realty-williamsburg-lorimer-capital-deal-sheet-134544</link>
<guid>https://www.bisnow.com/new-york/news/deal-sheet/life-time-double-u-realty-williamsburg-lorimer-capital-deal-sheet-134544</guid>
<description>Double U Realty scored a $72M construction loan for a luxury Life Time sports facility coming to Williamsburg. </description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Tue, 12 May 2026 14:10:55 -0400</pubDate>
<content:encoded><![CDATA[Double U Realty scored a $72M construction loan for a luxury Life Time sports facility coming to Williamsburg. ]]></content:encoded>
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<title>Judge Tosses Core Club's RICO, Fraud Claims Against Shvo</title>
<link>https://www.bisnow.com/new-york/news/commercial-real-estate/judge-tosses-core-club-racketeering-fraud-claims-against-shvo-134545</link>
<guid>https://www.bisnow.com/new-york/news/commercial-real-estate/judge-tosses-core-club-racketeering-fraud-claims-against-shvo-134545</guid>
<description>Embattled luxury real estate developer Michael Shvo scored a major victory in court Monday when a judge dismissed claims of fraud and racketeering lobbed against him by a members-only club that is a tenant in his Fifth Avenue building.</description>
<author>ethan.rothstein@bisnow.com</author>
<pubDate>Tue, 12 May 2026 13:36:08 -0400</pubDate>
<content:encoded><![CDATA[Embattled luxury real estate developer Michael Shvo scored a major victory in court Monday when a judge dismissed claims of fraud and racketeering lobbed against him by a members-only club that is a tenant in his Fifth Avenue building.]]></content:encoded>
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<title>NYC Tenant Unions Are Multiplying. Mayor Mamdani Is In Their Corner</title>
<link>https://www.bisnow.com/new-york/news/multifamily/union-of-pinnacle-tenants-cea-weaver-zohran-mamdani-summit-properties-134528</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/union-of-pinnacle-tenants-cea-weaver-zohran-mamdani-summit-properties-134528</guid>
<description>In the weeks after the bankruptcy sale of more than 5,200 New York City apartments closed, the properties' new management found itself in meetings with a group of tenants demanding repairs to their deteriorating buildings.
The renters are seeking to negotiate...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Mon, 11 May 2026 15:22:20 -0400</pubDate>
<content:encoded><![CDATA[In the weeks after the bankruptcy sale of more than 5,200 New York City apartments closed, the properties' new management found itself in meetings with a group of tenants demanding repairs to their deteriorating buildings.
The renters are seeking to negotiate on behalf of what has rapidly become one of the largest tenant unions of its kind in New York City, formed during the bankruptcy proceedings of Pinnacle Group. 
Unlike tenant movements of the past, the Union of Pinnacle Tenants has powerful allies. 
Cea Weaver, whom Mayor Zohran Mamdani tapped to lead the revived Office of Tenant Protection, has sat in on discussions between residents and Summit...]]></content:encoded>
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