Concerns Raised About Mamdani's Impact on NYC Commercial Real Estate
October 31, 2025 - 18:04
Michael Nierenberg, the CEO of Rithm Capital, has expressed significant concerns regarding the potential policies of Zohran Mamdani, a leading candidate in the New York City mayoral race. Nierenberg's apprehensions stem from Mamdani's proposed approaches to commercial real estate, which he believes could have far-reaching implications for the industry.
Despite these worries, Nierenberg remains optimistic about Rithm's office space portfolio, asserting that it is well-positioned to withstand any changes that may arise from the new administration. He emphasizes that the company has strategically managed its assets to ensure resilience, regardless of who ultimately takes office.
As the mayoral race heats up, stakeholders in the commercial real estate sector are closely monitoring the candidates' platforms and the potential impact on the market. The upcoming election could shape the future of New York City's real estate landscape, making it a critical issue for investors and developers alike.
MORE NEWS
February 20, 2026 - 19:45
A Showing That Led to a CallingA routine real estate showing unexpectedly changed the trajectory of REALTOR® Martha M. Gonzalez’s career and ignited a profound personal calling. While working with a client, she learned of the...
February 20, 2026 - 02:53
Real estate investor blasts Mamdani budget plans: "All the New Yorkers will suffer"A prominent real estate investor has issued a stark warning regarding New York City`s fiscal future, declaring that proposed budget plans will cause widespread suffering for residents. The...
February 19, 2026 - 04:00
$22m Beacon Hill townhome sale sets Boston’s single-family home sale recordA four-story townhome on Boston`s prestigious Beacon Hill has sold for a staggering $22 million, setting a new record for the highest price ever paid for a single-family home in the city. The...
February 18, 2026 - 03:16
St. Pete's pink buildings tease 29-story luxury condo towerThe vibrant pink buildings anchoring a prominent downtown St. Petersburg intersection are set to vanish, clearing the path for a sleek 29-story luxury condominium tower. Demolition of the...