Soho China trades Park Avenue Plaza stake to Vornado
Billionaire Chinese developer Zhang Xin is trading her stake in Park Avenue Plaza to one of the biggest names in New York real estate. Through her firm Closer Properties, Xin sold her 49 percent interest in the tower at 55 East 52nd Street to Steven Roth’s Vornado Realty Trust, the Commercial Observ
Japanese investors rush to buy NYC multifamily
Japanese investors are emerging as the go-to buyers for trophy assets and a new lifeline for New York City multifamily dealmakers. Japanese-based companies have acquired at least $2.1 billion worth of real estate in New York City since January 2024, according to an analysis compiled by Okada & Compa
The Daily Dirt: Why would anyone oppose single-family rentals?
The U.S. Senate’s attempt to kill build-to-rent housing isn’t likely to become law, but just the threat of it is already stalling projects or stopping them before they start. That’s according to a new Wall Street Journal story, yet another example of how dangerous politicians can be when they meddle
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