A federal judge has ordered a stay blocking Mayor Mamdani's pied-à-terre tax rollout while litigation continues, a fight that touches financing assumptions for luxury condo projects citywide. commercialobserver.com
Rising rates and construction costs are pushing developers toward creative capital stacks — preferred equity, mezzanine debt, and JV structures — rather than straight construction loans. commercialobserver.com
Citizens Bank is leading a $78 million financing package for an affordable housing rehab project in the Philadelphia metro area, a deal structure worth watching for similar NY/NJ affordable rehab work. commercialobserver.com
The data center construction boom keeps expanding nationally even as projects run into power, water, and local-opposition obstacles that are slowing timelines. constructiondive.com
A Fluor-JGC joint venture won a $15 billion contract for phase 2 of the LNG Canada export terminal expansion, one of the largest industrial EPC awards of the year. constructiondive.com
Renderings surfaced for a new mixed-use tower planned at 55 Hudson Place in Hoboken, adding another high-rise to the Jersey waterfront pipeline. newyorkyimby.com
New permits were filed for a residential building at 2564 Bedford Avenue in Flatbush, Brooklyn. newyorkyimby.com