The Plaza Hotel will close in 2027 for a multiyear facade restoration, according to Hotel Dive. Hotel Dive
Governors Island's $64 million rebuild of its Yankee and Lima piers is underway, per WorkBoat. WorkBoat
A 32-story tower is proposed for 28 West 37th Street in Midtown South, according to New York YIMBY. newyorkyimby.com
Permits were filed for a 35-story tower at 212 West 29th Street in Chelsea, per New York YIMBY. newyorkyimby.com
Related refinanced Manhattan Plaza with a $750 million loan, The Real Deal reports. therealdeal.com
BridgeCity Capital lent $36 million on a Long Island City condo build, per Commercial Observer. commercialobserver.com
Ran Eliasaf's Northwind closed a $1 billion debt fund aimed partly at real estate lending, The Real Deal reports. therealdeal.com
A Westchester developer broke ground on a luxury residential tower at a Yonkers lifestyle center, according to CoStar. CoStar
Multifamily housing starts fell in September as high construction costs weighed on new projects, Construction Dive reports. constructiondive.com
Six contech firms raised a combined $154 million in recent funding rounds, per Construction Dive. constructiondive.com
New York is shifting more scheduling risk onto construction employers under a legal shift covered by Law.com. Law.com