Events

Construction costs in New York hit $534/SF—highest globally—as labor shortages and trade pressures tighten U.S. supply chains.

The US apartment market absorbed over 227K units in Q2, surpassing even the pandemic-era highs of 2021 and early 2022.

BlackRock’s latest acquisition brings $7.3B in net lease real estate under its belt as it strengthens its private credit platform.

Multifamily real estate is under strain as price declines accelerate and rent growth fails to pick up—even during peak leasing season.

NYC’s Rent Guidelines Board voted 5–4 to raise rents for about 1M rent-stabilized apartments—3% for one-year leases and 4.5% for two-year leases starting October 1.

Senate Republicans approved a substitute version of H.R. 1 by a 51-50 vote, with Vice President J.D. Vance casting the tie-breaker.