11min chapter

Bloomberg Businessweek cover image

Expecting “Clear Air Turbulence’ for Markets in 2025

Bloomberg Businessweek

CHAPTER

Manhattan Real Estate Insights

This chapter explores the current state of the Manhattan real estate market, emphasizing a $275 million loan from Apollo Global for luxurious apartment refinancings. It discusses trends in high-end property demand, the implications of economic factors like tariffs, and the influence of generational wealth on home purchases. The conversation also examines critical challenges such as rising costs, labor shortages in construction, and the relationship between state and federal policies affecting urban development.

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