The City Council is weighing higher fines for owners who let vacant lots and stalled construction sites sit derelict, a direct hit at the abandoned-site problem that shows up on almost every block with a stalled project. gothamist.com
The city says 95% of large buildings covered by Local Law 97 met their first emissions cutoff, with Mayor Mamdani citing the number as validation for pushing the climate law faster. nyc.gov
BHI closed a $71.5 million construction loan for Prestige Development's 250-unit Bayonne, New Jersey multifamily project. yieldpro.com
A Manhattan federal judge struck down the city's initial pied-à-terre tax rollout and ordered Mayor Mamdani's administration to redo it, a fiscal-policy fight worth tracking for anyone watching city revenue tied to capital spending. therealdeal.com
Moshe Braver filed plans for a 10-building, 989-unit residential complex in Coney Island, one of the larger ground-up filings logged this week. therealdeal.com
B2K Development is moving ahead on converting former Henry Schein office space on Long Island, adding to the region's office-to-other pipeline. therealdeal.com