BEST & FINAL

On today's Best & Final, host Jordan Shea unpacks the shocking upset in the New York City Democratic mayoral primary: Zohran Mamdani's decisive victory over Andrew Cuomo. Discover what this unprecedented outcome means for New York City's real estate industry, housing market, and the future of urban investment, as we delve into the candidates' contrasting housing visions and the significant fin...

On today's Best & Final, Jordan Shea explores the dynamic shifts in New York City's commercial real estate, from Toll Brothers' potential luxury residential pivot on the High Line and Malaysian investment in SoHo, to the United Nations' significant lease expansion, and the impact of new shelter contracts on the city's hotel market, collectively painting a picture of evolving urban development...

On tooday's episode of Best & Final, Jordan Shea dives into Manhattan's dynamic real estate market, from record-setting luxury condos in Downtown to the rise of affordable housing and groundbreaking developments in Midtown. We also explore the accelerating trend of office-to-residential conversions, offering essential insights for investors, developers, and anyone tracking market shifts. Tune...

From Midtown’s sweeping rezoning plan to a foreclosure-turned-opportunity in Downtown Brooklyn, today’s episode of Best & Final breaks down the latest shifts across New York City real estate. We cover major refinancing deals in Manhattan, a strategic affordable housing play in Coney Island, and a Bronx industrial sale with big redevelopment potential. If you're tracking where capital, policy,...

On today's Best & Final, Jordan Shea covers the alarming vacancy rates in NYCHA housing, explores new development initiatives across the boroughs, dissects major refinancing deals shifting capital city-wide, and examines the ongoing struggles of a prominent Midtown office asset. Join host Jordan Shea for a sharp look at where money flows—and stalls—in the city's most challenging and ambitious...

On today's Best & Final with Jordan Shea, we dive into the legal battles shaping the skyline, from Nir Meir's ongoing challenges to Boruch Drillman's lenient sentencing. We also cover significant property shifts, including a $38 million landmark sale in Midtown, and major development updates like the groundbreaking of a zero-carbon skyscraper at Hudson Yards and Extell's ambitious plans for th...

On today's Best & Final, join host Jordan Shea as we delve into over $1.4 billion in new refinancing activity, a half-billion-dollar construction loan set to reshape Long Island City, and crucial indicators of both vitality and distress across New York's most pivotal asset classes. From the evolving economics of rent-stabilized housing to the landmarking of The Breuer Building, this episode ex...

On today's Best & Final, Jordan Shea delves into the immediate impact of the FARE Act on New York City's rental market, which shifts broker fee responsibility to landlords and has already led to a drop in StreetEasy listings. The episode also covers high-profile hotel news, including the Sultan of Brunei's potential purchase of the Pierre Hotel and Joe Moinian losing the Midtown Hilton Garden...

On today's episode of Best & Final, Jordan Shea covers a judge's denial of REBNY's injunction against the FARE Act, which shifts rental broker fees to landlords, alongside Kering's potential sale of a stake in 717 Fifth Avenue to reduce debt. The episode also details significant financing deals, including a $675 million CMBS loan for Independence Plaza and $525 million in construction financin...

On today’s episode of Best & Final, host Jordan Shea covers a $500 million defamation lawsuit filed against The Real Deal by the Alexander brothers, who allege a smear campaign, while The Real Deal’s publisher, Amir Korangy, defends the outlet’s reporting. The show also discusses Blackstone Real Estate’s significant investment in Fisher Brothers' 1345 Sixth Avenue office building, along with v...

On today's episode of Best & Final, Jordan Shea covers a range of real estate activity in New York City, including SL Green Realty marketing two properties for sale, Tishman Speyer's purchase of an office building in Little Italy, Samsung's lease expansion at Penn 1, and various residential and mixed-use developments underway. Additionally, the city is investing in public space enhancements, s...

On today's episode of Best & Final, Jordan Shea dives into the resurgence of New York City's office investment market, highlighting major deals by Brookfield, RXR, and Tishman Speyer, alongside significant loan activity for both commercial and residential properties. The show also explores the challenging retail landscape, particularly in the Meatpacking District and Herald Square, but notes a...

On the June 5th, 2025 episode of Best & Final, Jordan Shea covers a range of real estate market activities in New York City, including significant refinancing deals by Carlyle Group and Feil Organization, distress in the Herald Square retail market, notable property sales across the city, a slowdown in new development contracts particularly in Manhattan, a high-profile townhouse purchase in Br...

On today's episode of Best & Final, Jordan Shea covers a range of Manhattan real estate developments, from new residential and medical towers on the Upper East Side to shifts in the office leasing market and significant office building sales in the Garment District. The episode also discusses refinancing activity in SoHo and Kips Bay, highlighting the fluctuating dynamics and investments acros...

On today's episode of Best & Final Jordan Shea covers a dynamic range of real estate activity across Manhattan, including Tishman Speyer's return to the office market with a significant acquisition in SoHo, Pro-H Development securing financing for a new condo tower in NoMad, and the resumption of construction on the ambitious supertall skyscraper, The Torch, in Midtown. Additionally, the episo...

On today's Best & Final, Jordan Shea covers a range of New York City real estate developments and transactions, including the approval of the Atlantic Avenue Mixed-Use Plan in Central Brooklyn to create new housing and jobs, a Request for Proposals for affordable housing in the East Village, and several significant property sales and financing deals across Manhattan, such as a $720 million loa...

On today's Best & Final, Jordan Shea covers a range of real estate and infrastructure developments in New York City, including the MTA's property acquisitions for the Penn Station Access project, the ongoing debate over ground leases for co-op buildings, and updates on various property transactions and projects. These include developer Yitzchak Tessler's restructuring of the 172 Madison Avenue...

On today's Best & Final, Jordan Shea covers major New York City real estate developments, including the approval of the Atlantic Avenue Mixed-Use Plan in Brooklyn, casino-related development proposals in Queens and Hell's Kitchen, the merger of law firms Kramer Levin and Herbert Smith Freehills, and legal troubles for developer Fortis Property Group, specifically regarding defaults and lawsuit...

In this May 28, 2025, episode of "Best & Final," host Jordan Shea covers significant real estate transactions in New York City. Highlights include Blackstone's $850 million financing for a stake in a Midtown office tower, Vanbarton Group's $103 million office-to-residential conversion in Sutton Place, and the landmark designation of the former Whitney Museum. Additionally, the episode discusse...

On the Tuesday, May 27th episode of Best & Final, Jordan Shea discusses a proposed tax bill that could raise the SALT deduction cap to $40,000, impacting buyers and sellers in the $1–$2 million range. The episode also covers developers adapting to 485x incentives by limiting unit counts, the launch of a $100 million climate innovation hub in Brooklyn, SL Green's conversion of a Midtown tower t...

On the Friday, May 23rd, 2025 episode of "Best & Final," hosted by Jordan Shea, Brooklyn leads a surge in New York City housing proposals, while lenders inject significant capital into the market, particularly for residential projects. The office sector sees continued transitions, including conversions to residential units and subleasing activity. A major bankruptcy filing affects a large port...

On the Wednesday, May 21st, 2025, edition of Best & Final, Jordan Shea covers a significant real estate transaction in the Bronx involving the sale of a large rent-stabilized portfolio, new high-density development proposals in East Harlem and Queens, and wrapped up with legal and financial challenges facing the New York City real estate market. For more insights, contact Jordan Shea or visit...

On Tuesday, May 20th, on Best & Final with Jordan Shea, major New York City real estate news includes RXR's potential $1.1 billion acquisition of 590 Madison Avenue, the revised development plans for Hudson Yards without a casino, the ongoing trend of office-to-residential conversions led by companies like Vanbarton Group and Metro Loft, and the mounting legal pressure and distressed situation...

"Best & Final" on Monday, May 19th, 2025, hosted by Jordan Shea, covers major development announcements in Brooklyn and Manhattan, including the CityPickle Brooklyn Bridge project in Dumbo, Silverstein Properties' Avenir casino proposal, and Charney Companies and Tavros Capital's massive mixed-use project in Gowanus. The episode also delves into the evolving office market, with tech companies...

This episode of "Best & Final," hosted by Jordan Shea on Friday, May 16th, 2025, covers significant real estate market transactions including the sale of a Class-A office building in Chelsea, and an apartment building purchase near Union Square. It also delves into recent financing deals, debt management issues, portfolio sales, ongoing development projects like Freedom Plaza and 1515 Surf, an...