U.S. Attorney Breon Peace in Brooklyn said the two, both naturalized US citizens, enticed their victims to invest in a series of fake businesses, including a sham real estate investment, while making illegal donations to campaigns.

Foreigners pulled back on purchases of U.S. homes to the lowest level in 13 years. Meta and Amazon are bailing on their previously planned New York City office expansions, according to The Real Deal. These are among today’s must reads from around...

The state will sell development rights to private developers and collect payments-in-lieu-of-taxes, known as PILOTs, on newly constructed and environmentally friendly office and residential buildings.

A bid/ask gap has emerged between buyers and sellers and real estate investors attempt to navigate the shifting economic climate.