Best & Final: May 30th, 2025

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 condo property, the failure of the HAP Seven development in Washington Heights resulting in investor losses, Rockrose Development's refinancing of a West Village building, and several other conversions and new construction projects across the city, as well as market insights focusing on the definition of luxury and potential supply shortages. For more insight, consult Jordan Shea or visit JordanShea.com.