Victor Jung

CEO, V Global Holdings

Two Sigma’s real estate unit appears to be crumbling

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

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

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

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

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

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

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

City grants building owners one-shot amnesty for certain violations

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

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

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

Cushman, Sotheby’s settle $10M commission lawsuit

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

Retail Tenant Mix: The New Anchor Is a Habit

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

Spruce Management + GO Residential REIT sue Jona Rechnitz

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When a 20% Slice Becomes a 100% Headache A $32 million investment.A 20% distribution carve-out.A $175 million lawsuit that was later dropped. And now? A new defamation lawsuit involving some familiar names in New York multifamily real estate. 👀 Josh Gotlib and Meyer Orbach — the principals behind Black Spruce Management and GO Residential REIT […]

Gary Barnett UWS $3.8B Supertall condo

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Big Tower. Bigger Financing. Gary Barnett UWS 80 West 67th Street Extell development. What does a $3.8 billion loan request tell us about Manhattan real estate? Gary Barnett’s latest move could offer an answer—and a revealing glimpse into how lenders view the future of luxury housing. Extell is reportedly seeking approximately $3.8 billion in construction […]