A NYC real estate powerhouse has broken free from Coldwell Banker’s franchise model, rebranding as MYNY to empower agents with direct control, lower fees, and personalized growth opportunities. With 135 agents already seeing improved profits and stronger personal branding, the firm is expanding into Connecticut, New Jersey, and Florida—where New Yorkers flock to live. Led by principal broker Joseph Hamdan, MYNY flips the script by funneling opportunity straight to agents, not corporate HQ, and is joining Leading Real Estate Companies of the World to scale sustainably. Their bet? When agents thrive, the company thrives—offering a refreshing, agent-first alternative in a crowded market.

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Mayor Mamdani’s bold new housing plan aims to build and preserve 200,000 affordable units over ten years, blending developer incentives with tough landlord accountability—through zoning changes, public funding, and intervention in distressed buildings. Developers stand to gain billions, faster permits, and new financing, especially for mixed-income projects and NYCHA redevelopments. Tenant advocates and non-profits also win big: new powers to buy struggling buildings, revived transfer programs, and expanded court authority to seize neglectful rent-stabilized properties. Meanwhile, chronic violators face coordinated inspections and legal action. In other real estate moves, Extell Development acquires a Brooklyn office building for $39M near a major site, and Danny Meyer’s restaurant group plans to open at the historic Hotel Bossert in 2028.

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Corcoran’s Long Island expansion is heating up with Corcoran SRG Residential hitting $800M in sales since 2023, led by founders Cohen, Sarney, and Horowitz — and they’re not stopping there, planning more offices including Merrick. Meanwhile, ERA Real Estate welcomes Pagoda Realty into its network, bringing its Pennsylvania-based commercial and residential team under the ERA Powered banner. The Agency also strikes gold in Texas, opening its ninth office in Fort Worth to tap into the luxury ranch market. And Ben Caballero’s HomesUSA.com closes over $3.6B in 2025 — his fourth straight year surpassing $3B — fueled by SpecDeck tech that’s turning homes into fast sales.

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New York City just slapped a new luxury property tax on high-value second homes, sparking chaos and confusion across the real estate world as brokers scramble to understand the rules and co-op boards brace for enforcement — all while agents wonder if the backlash is overblown and the market braces for another layer of complexity that could slow things down.

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Hotel workers in New York City just secured a historic eight-year contract covering nearly 30,000 employees across 250+ hotels, setting the stage for housekeepers to earn over $100,000 annually by early 2030 — the biggest wage jump in union history. Hotel owners, under pressure from strike threats ahead of the FIFA World Cup and a proposed city bill limiting workloads, reluctantly agreed despite ongoing economic headwinds from pandemic fallout, inflation, and declining tourism. Workers celebrate a major win, while industry leaders brace for financial strain — a bold step forward for labor, with the sector’s survival hanging in the balance.

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Big real estate moves hit Manhattan this week — a luxe Upper West Side townhouse sold for $7M after years on the market, a West Village five-story building changed hands for $14.7M, and a condo at Leroy Street netted nearly $6M — all signs of a city buzzing with transactions. But beneath the headlines, a bigger trend emerges: homeowners are prioritizing refinancing over buying new, with more refi loans issued than purchase loans for the second straight quarter — a shift last seen back in early 2022.

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New York’s massive $268.5 billion budget just dropped, packed with seismic changes for real estate: fast-tracked housing approvals bypassing decades-old environmental reviews, a new luxury pied-à-terre tax hitting million-dollar homes, and a revived, sweetened J-51 tax break for building upgrades—each sparking debate, legal questions, and hopes for faster, more affordable development.

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For the fourth straight quarter, existing homes have outpaced new homes in price—marking a major shift from a decade when new builds always led. With new home prices dipping and builders shrinking lots and sweetening deals, existing homes stay stubbornly high, especially in pricey regions like the West and Northeast. While spring saw a new home price surge, sales lagged nationally—except on the West Coast, where new home sales jumped, proving regional trends can reshape the national picture.

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