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.