Mamdani, Hochul Secure Stay in Court Order Against Pied-à-Terre Tax Rollout
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
It may be back to the drawing board for Mayor Zohran Mamdani in the rollout of his pied-à-terre tax after a Staten Island judge ruled Tuesday the tax’s debut was mishandled and that the mayor must start over. But, for…
External link. Real Estate Trail does not republish source content.
More from the wire
Ivy Zelman warns of overbuilding as household growth slows
Zelman expects about 1 million new households a year in late decade vs 1.8 million earlier, with 1.4 million starts a risk of oversupply
BGL's Real Estate Team Advises Forms+Surfaces on Sale-Leaseback with Institutional Net Lease Buyer
The five-property portfolio supports Forms+Surfaces' architectural and site products businesses in Pittsburgh and Phoenix. CLEVELAND, Sept. 30, 2026 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL), a leading indepe…
Is Your Hotel Marketing Agency Selling You AI Pixie Dust?
Americas Great Resorts warns hoteliers that screenshots and AI software subscriptions are not proof of marketing performance, and offers a free AI visibility audit for independent luxury properties.
The long-term supply of affordable rental housing is at risk, new PHFA housing study finds
More than 43,000 rental units within the next 10 years face loss of affordability HARRISBURG, Pa., Sept. 30, 2026 /PRNewswire/ -- In the next 10 years, affordability restrictions on a third of the existing federally s…
In HelloNation, Pest Control Expert Michele Webb Explains Why Homebuyers Should Consider a Termite Inspection
The article outlines why termite inspections help homebuyers identify hidden termite activity before purchasing property in Lake Havasu City. LAKE HAVASU CITY, Ariz., Sept. 30, 2026 /PRNewswire/ -- Do homebuyers need…
Griffin Pays $1.1B for Miami Parcel, New Carnegie Mellon Campus on Way
Moishe Mana, Founder and Chairman of Mana Common, closed the sale of approximately 30 acres of his Wynwood assemblage to Citadel Founder and CEO Ken Griffin for approximately $1.1 billion. Mana says this is the most e…