A ‘generational buying opportunity’ guarantees inflation plus 3% a year, says this hedge-fund manager

The Mamdani administration’s independent charter review panel, dubbed the Commission on Government Efficiency, plans to propose ballot measures aimed at overhauling how the city handles permitting and procurement processes. COGE will propose that voters decide whether the city should establish a central hub to obtain permits for construction projects, along with measures to streamline how…

From left, Sundar Pichai, CEO of Alphabet; Satya Nadella, CEO of Microsoft; Andy Jassy, CEO of Amazon; and Mark Zuckerberg, CEO of Meta. Damian Lemanski | David Ryder | Bloomberg | Getty Images | CNBC | Manuel Orbegozo | Reuters The race to build artificial intelligence infrastructure at a trillion-dollar annual clip is eroding the…

A joint venture among PCCP, Claremont Development, and Stanbery Development Group has secured $188 million to refinance the District 15Fifteen, a 498-unit multifamily property in Parsippany, N.J., Commercial Observer can first report.  Affinius Capital provided the debt, which will finance the lease-up and stabilization of the property, as it opened only last month. Cushman &…

You’ve crossed into a six-figure income, and a $100,000 annual salary can feel like homeownership is more comfortably within reach. And in many cases, it is. But in today’s market, how far that income goes still depends on factors like existing debt, your down payment and where you plan to buy. Let’s break down what…

Who says it’s hard to find development sites in New York City? Some opportunities are hiding in plain sight, such as the office conversions and replacements unlocked by tax break 467m and rezoning. But old offices are not the only thing that could be swapped out for housing and other development. Old highways are another…

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