Victor Jung

CEO, V Global Holdings

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Two Sigma’s real estate unit appears to be crumbling

October 20, 2026 by Victor Jung

Two Sigma’s real estate unit stopped fundraising below $1 billion, cut senior staff and paused new investments.

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Filed Under: Real Estate

Federal agents raid Bert I. Dweck’s in-laws’ home: sources

October 19, 2026 by Victor Jung

Federal agents reportedly searched a Brooklyn home tied to Bert Dweck, who faces civil escrow suits but no criminal charges.

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Filed Under: Real Estate

Eliot Spitzer’s Williamsburg tenants lodge 421a class action over rent hikes

October 17, 2026 by Victor Jung

Tenants at an 857-unit Williamsburg rental allege increases were applied to full rent instead of preferential rent.

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Filed Under: Real Estate

City 485x data dump shows 99-unit project trend is unrelenting

October 17, 2026 by Victor Jung

Fresh city data shows developers still capping projects at 99 units to avoid 485x wage and affordability triggers.

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Filed Under: Real Estate

City grants building owners one-shot amnesty for certain violations

October 14, 2026 by Victor Jung

New York City is offering up to 75 percent off eligible ECB violation penalties for 90 days.

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Filed Under: Real Estate

NY Dirt: Mamdani admin goes to bat for pied-à-terre tax rollout

October 14, 2026 by Victor Jung

An appellate stay lets New York City keep rolling out its pied-à-terre tax while it appeals.

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Filed Under: Real Estate

Cushman, Sotheby’s settle $10M commission lawsuit

October 14, 2026 by Victor Jung

Cushman & Wakefield and Sotheby’s settled a $10 million commission suit over the $510 million York Avenue sale.

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Filed Under: Real Estate

Retail Tenant Mix: The New Anchor Is a Habit

October 14, 2026 by Victor Jung

Fitness, wellness and off-price visits rose between 2019 and 2025. What the data changes—and does not change—for retail leasing and underwriting.

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Filed Under: Economy, Real Estate

NYC Rent Freeze. Mamdani Texts Thawed.

October 5, 2026 by Victor Jung

RGB Lawsuit reveals texts between Mamdani administration and rental board Hundreds of messages. Roughly one million apartments. And a question that could shape New York City’s housing outlook: how independently was the rent freeze decided? For investors, owners, and tenants, the answer carries consequences well beyond City Hall. 📊 The numbers behind the headlines NYC’s […]

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Filed Under: Real Estate, Victor Jung

The 2026 Retail Shopper Is Closer, Faster, and Older Than the Hype

September 10, 2026 by Victor Jung

Placer’s five charts show 2026 retail trips are short, hyper-local, older, value-led-and still hungry for experience.

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Filed Under: Economy, Real Estate Tagged With: Commercial Real Estate, Consumer Behavior, Foot Traffic, Placer, Retail

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Two Sigma's real estate unit appears to be crumbling (square)

Two Sigma’s real estate unit appears to be crumbling

A quantitative hedge fund opened its real estate unit to outside investors, aimed for $2 billion, and could not reach $1 billion. Now it has stopped … [Read More...]

Federal agents raid Bert I. Dweck's in-laws' home: sources (square)

Federal agents raid Bert I. Dweck’s in-laws’ home: sources

Federal agents reportedly searched a Brooklyn home linked to a dealmaker facing a stack of civil lawsuits, and the allegations at the center of those … [Read More...]

Eliot Spitzer’s Williamsburg tenants lodge 421a class action over rent hikes (square)

Eliot Spitzer’s Williamsburg tenants lodge 421a class action over rent hikes

A class-action lawsuit at an 857-unit Brooklyn luxury rental is the second 421a class action TRD has tied together in about two months. The legal … [Read More...]

City 485x data dump shows 99-unit project trend is unrelenting (square)

City 485x data dump shows 99-unit project trend is unrelenting

The city just released six more months of 485x data, and the punchline is the same as last time. New York's developers are still building to 99 units … [Read More...]

City grants building owners one-shot amnesty for certain violations (square)

City grants building owners one-shot amnesty for certain violations

New York City just opened a violation amnesty program with a hard stop. If you own or operate buildings with old fines on the books, the next 90 days … [Read More...]

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