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A New York Real Estate News Podcast by Jordan Shea
127 Episodes
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New York real estate closes the year with a clear message: capital is still moving, but only where conviction holds. This episode breaks down more than $1 billion in Manhattan office refinancings, sharp valuation resets in the investment sales market, and outsized capital commitments to luxury retail and high-rise development. From Midtown to the Financial District, the through-line is discipline — refinancing strength at the top, price discovery below, and selective investment across residential, affordable housing, and hospitality as the market heads into the next cycle.
This episode examines where capital is concentrating as New York’s market continues to reprice. From hotel ground leases and discounted office towers to massive multifamily refinancings and record-setting luxury sales, today’s report breaks down who’s buying, who’s under pressure, and why Midtown remains the focal point for institutional conviction. A clear look at the spread between stability and distress as the market reshapes itself heading into year-end.
Foreign capital didn’t just return to New York in 2025 — it accelerated. In today’s episode of Best & Final, we break down why international investors doubled their multifamily spending, where global buyers are quietly shifting their focus, and how corporate giants like Apple and J.P. Morgan are anchoring the next phase of the city’s commercial revival. From adaptive-reuse megaprojects to blockbuster refinancing deals, this is the intelligence behind New York’s momentum — and what it means for those looking to buy, build, or invest strategically.
The casino licensing board has spoken — and the subtext is louder than ever. New York’s next wave of gaming, capital flows, conversions, and distress all collide in today’s episode, “Fear And Loathing in New York,” ending with reflections on two extraordinary contributors to the city’s built environment.
A Thanksgiving-Eve breakdown of New York’s real estate landscape — from the incoming Mamdani administration’s housing agenda to the surge in office-to-residential conversions, major CMBS activity, distressed developments, and new regulatory battles shaping the residential market. A concise, high-signal briefing for anyone tracking where the city is heading next.
New York real estate is running hot this week — not just with deals, but with lawsuits, power struggles, and high-stakes moves from some of the city’s biggest brokerages and developers. From Upper East Side renovation battles to multimillion-dollar commission disputes, strategic acquisitions, debt restructurings, and luxury trades, this episode breaks down the pressure points shaping Manhattan right now.
The November 18, 2025 episode of "Best & Final" opens with Extell’s latest power moves — a $36 million air-rights deal with Saint Thomas Church, a mezzanine-debt position that could hand them One Worldwide Plaza, and a new 25-story tower filing on West 66th Street — before moving into a full slate of market activity, including Mori Trust’s $541 million acquisition at Hudson Yards, new prewar-inspired luxury designs along Fifth Avenue, distress signals at the New York Times Building and NoMo SoHo, Brooklyn’s 1,000-unit surge in Greenpoint, an $85 million rental trade in DUMBO, and the city’s newly unveiled modernization plan for the Manhattan Cruise Terminal.
In this episode the City Council greenlights the OneLIC rezoning in Queens and Jersey City steps into the skyline race with a proposed 1,055-foot residential tower at 100 Bay Street. We also track major office-to-residential maneuvers in Midtown East and Tribeca, fresh refinancing activity from Global Holdings, and new flashpoints in the luxury hotel and co-op world — including the Lexington Hotel listing and the escalating battle over the Pierre. No spin, no takes — just the facts shaping New York’s real estate landscape today.
Citadel’s Ken Griffin is backing a 1,400-foot tower at 350 Park Avenue — a new benchmark for Midtown East and a signal that institutional capital still believes in New York’s vertical future. In today’s Best & Final, we break down the next generation of office towers, the surge in leasing momentum, and the capital shifts quietly reshaping Manhattan’s skyline.
A political earthquake hits New York City as Zohran Mamdani’s victory ushers in a new era for real estate. From proposed rent freezes and higher taxes to the resilience of Manhattan’s commercial core, Best & Final breaks down what this shift means for developers, investors, and brokers navigating the city’s next test.
It’s Election Day in New York — and the city chose this morning for a full-scale news dump. From billion-dollar housing commitments in Queens to Brookfield’s $1.3 billion refinancing on Fifth Avenue, the week brought movement across every sector. Office restructurings, luxury condo progress, new conversion filings, and the first steps toward Penn Station’s redevelopment all landed at once — a reminder that the market never waits for the polls to close.
A new kind of skyline is taking shape. From Prada’s planned Fifth Avenue tower blending couture and condos to billion-dollar office conversions and luxury hospitality deals, today’s episode tracks the pivot points reshaping New York’s real estate hierarchy. The balance of power is shifting — and the next cycle is already underway.
It's here! Manhattan’s first Midtown South conversion under new zoning signals the next era of adaptive reuse. Major capital shifts, high-stakes litigation, and political promises collide in today's Best & Final—where policy meets property and the city’s next phase begins.
MCM offloads nearly its entire equity stake in a $489.8 million hotel portfolio — marking Manhattan’s largest trade since the Safe Hotels Act. Meanwhile, RXR recapitalizes 1211 Avenue of the Americas for $1.45 billion, Vanbarton pushes a 440-unit conversion in Midtown East, and lenders escalate enforcement across the multifamily sector.
The office-to-residential conversion boom has reached levels not seen since 2008 — reshaping Manhattan’s skyline and balance sheets. Jordan Shea unpacks the data behind the 4.1 million square feet already underway, the Midtown shift, and the policy incentives fueling it. Plus: office leasing rebounds, new developments rise, and $18B in federal funding stalls key infrastructure.
New York pushes $1.8B into housing, Citi Field’s $8B casino bid advances, a 1,600-foot Midtown supertall gets the green light, and condo supply hits a decade low — today’s Best & Final breaks down the moves reshaping the city’s real estate market.
Today’s Best & Final covers a political jolt for New York real estate as Mayor Eric Adams exits the mayoral race, leaving the industry to weigh the starkly different platforms of Zohran Mamdani and Andrew Cuomo. We also break down Compass’s $1.6 billion takeover of Anywhere Real Estate, creating a brokerage titan that now controls more than a quarter of New York’s market volume. Plus: the surge in air rights trading, new housing developments from Midtown to Long Island, and a $38 million Fifth Avenue co-op sale.
New York is reshaping its skyline from the ground up. Today’s briefing covers the Adams administration’s push to unlock nearly 10,000 homes across city-owned sites, RXR’s billion-dollar bet on 590 Madison Avenue, distress rippling through the rental market, major outer-borough financings, and the latest casino greenlight in Queens.
Compass is set to acquire Anywhere Real Estate in a $10 billion all-stock deal — creating the world’s largest residential brokerage by sales volume. In New York, Brooklyn redevelopment plans are accelerating, from United American Land’s long-term assemblage to a $3.5 billion reimagining of the Brooklyn Marine Terminal. Meanwhile, SL Green eyes the Chrysler Building ground lease, Manhattan’s last casino bid collapses, distress builds in the multifamily sector, and a $1.4 billion refinancing at 11 Madison shows confidence in prime office assets.
Today’s brief tracks Harry Macklowe’s bold move on Madison Avenue, where the veteran developer is betting big on Landmarks approval to create ultra-luxury condos. We’ll also look at conversions reshaping Midtown and FiDi, major site sales from Tribeca to Crown Heights, and high-profile trades in Hell’s Kitchen and NoHo.
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