Tilman Fertitta Pays $30M For Historic Steakhouse's Midtown South Home: The 140-year-old home of Keens Steakhouse has found a new owner: the Landry’s billionaire and Houston Rockets owner. Read more.
Why 99 Could Be The New Magic Number For NYC Apartment Projects: The city touts 485-x as the solution to multifamily developers' 421-a expiration needs, but the incentive’s labor requirements may have caused it to backfire, developers say. Read more.
Distress, Opportunistic Fundraising Dries Up With Deals Failing To Materialize: There has been just $240M raised by distress real estate funds so far this year, down from $4B raised in 2022, a sign of how the market for commercial property has shifted. Read more.
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