Best & Final: The FARE Act Goes Into Effect (June 11th, 2025)

On today's episode of Best & Final, Jordan Shea covers a judge's denial of REBNY's injunction against the FARE Act, which shifts rental broker fees to landlords, alongside Kering's potential sale of a stake in 717 Fifth Avenue to reduce debt. The episode also details significant financing deals, including a $675 million CMBS loan for Independence Plaza and $525 million in construction financing for a Long Island City mixed-use tower, while highlighting rising foreclosure activity and Paramount Global's decision to sublease 355,000 square feet of office space. For more detailed analysis, contact Jordan Shea or visit JordanShea.com.