Miami Becomes Home to Four of the World’s Wealthiest Individuals

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Miami has solidified its status as a global wealth hub, with four of the world’s richest figures, Larry Page, Sergey Brin, Jeff Bezos, and Mark Zuckerberg, all owning high-profile waterfront properties in the area.

The most notable move is Zuckerberg’s record-setting purchase in Indian Creek, where he acquired a roughly $170 million estate in the ultra-exclusive enclave often called the “Billionaire Bunker.” Bezos, meanwhile, has expanded his holdings on Indian Creek with multiple acquisitions, while  Continue Reading →

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NYC Mayor Unveils Plan for City-Owned Grocery Store in East Harlem

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Mayor Zohran Mamdani is moving forward with plans to open a city-owned grocery store in East Harlem, reviving La Marqueta, a historic public market first launched in 1936 under Fiorello LaGuardia.

The $30 million project will be built beneath the Park Avenue Viaduct between 111th and 116th Streets, with an expected opening by 2029. The initiative aims to address rising food costs in New York City, which have surged roughly 66% over the past ...

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Manhattan Market Pulse: April 2026

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Currently, the contract activity reached 1,077 signed contracts in March, increasing 29.8% from the previous month but remaining 3.3% below last year’s level. The median sale price stood at $1.24M, up 4.3% year over year. Manhattan supply currently stands at 6,295 listings, down 8.1% compared to the same period last year. Pending sales total 3,021 units, slightly down 1.6% year over year. As a result, based on the ratio between pending sales and supply, the  Continue Reading →

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Hochul’s Surprise Pied-à-Terre Tax Shakes NYC Real Estate

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Governor Kathy Hochul blindsided the real estate industry with a last-minute proposal for an annual tax on New York City second homes worth over $5 million, leaving no time for organized pushback.

The key issue is its recurring nature. Unlike the 2019 one-time transfer tax, ongoing costs tend to weigh directly on property values, raising concerns across the luxury market.

Politically, however, the move is calculated. Hochul avoids raising income taxes while targeting a narrow ...

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