Best & Final: May 12th, 2025

Today's episode of "Best & Final" with Jordan Shea dives into the dynamic New York real estate market. Topics include a projected tourism dip impacting the city’s hospitality sector, new housing initiatives in the state budget such as voucher programs and condominium conversion rule changes, major property deals like Amazon's purchase of 522 Fifth Avenue, and significant legal developments including the termination of RFR Holding’s ground lease at the Chrysler Building. Additionally, the episode covers retail leasing updates with Old Navy's new flagship store and new condominium developments focusing on eco-friendly principles, as well as updates from the NYC Real Estate Forum and ongoing legal drama surrounding industry figures. For More insight, consult with Jordan Shea or visit JordanShea.com.