Mori Building Co. has purchased an 11% stake in the building from SL Green.

Madison Capital Group is behind the $250 million initiative.

REBNY has indicated it may pursue legal action against the bill.

Elevated completion timelines are keeping the construction pipeline full.

Investors mull the economic landscape following November's election.

Updates on San Diego, New York, Philadelphia and Boston.

The price is a "meaningful discount to replacement cost."

More people are renting particularly in expensive cities like NYC and LA.