New York Builds Amid Trade Tensions

Despite global trade tensions, New York’s top real estate developers surged ahead with record-breaking construction last year, led by Related Companies’ massive Hudson Yards tower and Queens affordable housing project. The office market rebounded strongly in 2025, driving demand for premium spaces and fueling billion-dollar towers like BXP’s near Grand Central. Brooklyn saw a boom thanks to rezoning and expired tax breaks, while firms like Charney Companies and Naftali Group stayed busy—often teaming up to tackle big projects. But a new, stricter tax incentive program now makes large-scale housing harder to finance, forcing developers to pivot toward adaptive reuse or smaller builds. Still, momentum remains: firms are rethinking strategies and pushing forward, undeterred. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/451e368f193eb637