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I'm really desperate to speak to people who have developed affordable artist housing, both in new york and elsewhere. if you have or you know real estate folks who have and would be willing to talk, shoot me a DM or a reply.

New York magazine seems to confirm our reporting that after saying it was getting out of local endorsements, the NYT IS thinking of endorsing in this year's New York mayor race after all

The episode was so good and this is high art

Messy layoff process underway today. One staffer who received a kudos from BI’s editor-in-chief in Slack last night for getting a scoop replied this morning in Slack saying: “I hope it’s not my last,” as the reporter had been notified that they were at risk of being laid off.

Abraham Lincoln reliefs at the Lincoln Bank Tower (1929) in Fort Wayne, IN

Forecasters expect the May CPI to show mild headline inflation and monthly core inflation close to the median reading from the previous 12 months They have core CPI +0.27% on the month (+2.9% on the year) and headline +0.16% (+2.4% on the year)

NEW: A federal judge just denied a motion to block NYC's new law banning most broker fees The law is set to take effect tomorrow @wnyc and @gothamist: gothamist.com/news/federal-j…

This one chart from today's podcast guest Jim Egan. Incredible. The difference between having a ZIRP-era mortgage and not having one.

Meanwhile, we haven't seen inventory build up anything like this since the GFC. And outside that, nothing else in the last 40 years. Read the full newsletter here: bloomberg.com/news/newslette…

indeed, Kathy Wylde told me she tried to calm the nerves of her anxious corporate members on today's call by reminding them only the state can raise taxes. Wylde finds Zohran Kwame Mamdani "smart" & believes the biz world's fears are partly from unfamiliarity: ebx.sh/JSQjCz

Based on this progress and understanding, I have asked the Senate and House to remove the Section 899 protective measure from consideration in the One, Big, Beautiful Bill. This understanding with our G7 partners provides greater certainty and stability for the global economy and

Behold: The eight applicants for New York state's final three private casino licenses, which will be awarded in the NYC area. Applications were due today.

Why I’m urging the Rent Guidelines Board to adopt the lowest increase possible while protecting the quality of housing for the millions of New Yorkers who live in a rent-stabilized home:

INBOX: Judge strikes down Mayor Adams executive order pausing the ban on solitary confinement

.Governor Kathy Hochul today CONDEMNS fellow Dem Kirsten Gillibrand for her comments about Zohran Kwame Mamdani. "No one should be subjected to any comments that slur their ethnicity, their religious beliefs, and we condemn that anywhere it rears its head in the state of NY," she says.

I aked Hochul about racism Mamdani has already faced, including from Sen. Kirsten Gillibrand. Hochul clearly heard me, and did not defend Gillibrand (though she also did not explicitly address Gillibrand's specific comments either)

Zohran Mamdani recieved the most votes (545K) in a Democratic Primary for NYC Mayor since David Dinkins in 1989 (547K).