STEFANOS CHEN

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Saks Fifth Avenue Owner Unveils Plan for Casino at NYC Store

Hudson’s Bay Company, the owner of the department store, unveiled plans for a casino in Midtown Manhattan, joining the race for one of three full-fledged…

The Housing Market Is Worse Than You Think

Buyers, sellers and renters are in for more twists and turns, as soaring mortgage rates and stubborn inflation signal belt tightening ahead.

Mortgage Rates Hit 7%, Housing Prices Expected to Fall

As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock.

New Real Estate Developments in NYC: More Floors, Less Apartments

New boutique condo towers, some with fewer apartments than the buildings they replace, are squandering high-density sites in Manhattan, urban planners say.

Real Estate Developments Bounce Back in New York City

But everything is not as it was, with Covid both accelerating some nascent trends and pushing builders in new directions.

How a Lone Tenant Is Holding Up a $70 Million Condo Deal

Ahmet Nejat Ozsu has refused to leave his apartment on the Upper West Side, delaying a plan for condominiums. A pandemic remedy for renters could…

Construction Defects Emerge at Pandemic-Era New Developments

Complaints of poor construction are on the rise in new luxury rental and condo buildings, after two chaotic years of New York real estate amid…