Sasha Jones

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NEW: Bisnow goes inside the meltdown at the agency underpinning trillions in U.S. real estate. The federal body that oversees real estate appraisals is in disarray — down 30% in staff, leaderless for months and pulling grants meant to diversify an aging profession. Now, a bipartisan pair of U.S. senators is demanding answers — citing Bisnow’s previous reporting in a letter to the Federal Financial Institutions Examination Council — warning that the dysfunction could undermine trust in the entire market. In a sweeping investigation, @aSashaJones reveals how the Appraisal Subcommittee’s chaos is rippling through CRE.

@markfbonner As I read Sasha's story, so many thoughts rushed through my head about whether it will spur action: therealdeal.com/new-york/2025/…

For years, landlords have warned that rent-stabilization laws are financially unsustainable. Now, for the first time, they’re proving it — with receipts. In an investigation by Bisnow reporter Sasha Jones, two major New York City property owners managing 4,300 rent-stabilized apartments across the outer boroughs handed over their financials. What they reveal is bleak ... bisnow.com/new-york/news/…

"The crisis has already started." The 2019 HSTPA law was passed with good intentions — but it’s unraveling NYC’s rent-stabilized housing stock. Two property owners managing 4,300 units just opened their books. The numbers are staggering. 🧵

This is one of the more important articles I've ever shared. It’s a comprehensive breakdown of 4,500 units of rent-stabilized housing in multiple boroughs with different owner types showing the devastating effect the current rent laws are on the buildings' ability to operate. It’s a sample of the hundreds of thousands of units of housing New Yorkers live in that are being killed by this current system. bisnow.com/new-york/news/…

SCOOP: Extell is teeing up $1.3B to build “The Torch,” a 1,067-ft hotel with an observation deck and a 260-ft thrill ride in Times Square. Backed by bank & hotel chain LOIs, the project could bring in up to $270M in annual NOI. Construction would take ~4.5 years. h/t @aSashaJones bisnow.com/new-york/news/…

NEW: Gary Barnett has taken out a $270M loan tied to 18 unsold condos at Central Park Tower, @aSashaJones reports. Combined the units are worth more than a half-billion dollars (story below)

They spent nearly $1B buying land that triggered a federal probe. Led by Jan Sramek (and backed by Silicon Valley billionaires) the 65,000-acre project has a modest goal: solve the housing crisis plaguing the San Francisco Bay Area.

The Line DC hotel sold at auction this morning, but it wasn't to Elon Musk. Acore Capital, which held the $86M loan on the property and brought it up for auction, opened with a credit bid and no other bids were made. Story from @aSashaJones and me: bisnow.com/washington-dc/…

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@hitsamty Thanks for sharing, Hiten! Full story here: bisnow.com/national/news/…

“There's no big companies moving to Miami. There's just rich guys moving to Miami.” Starwood's Jeff DiModica w/ perhaps the definitive quote on the action/lack of it in the 305 office market (via Bisnow)

Without further ado, here is Version 1 of Election night NEWSROOM DINNERS. As you can see, I've let a lot of my broadcast sources wither. If you are with ABC, NBC (DC) or Fox, I would like to know what you're eating. DMs are open. Further updates possible

Tomorrow's election day - @jbschenke and I did a vibe check on the industry. bisnow.com/national/news/…

congratulations to the Dodgers, who are originally from Brooklyn, making this yet another win for beautiful New York City

In conversation with Sasha Jones we discussed how price discovery and owners and lenders no longer dreaming sweet dreams make it scary to leave market deals on the table — both sales and mods.

thinking about how much american GDP runs through these 20 cava bowls patiently waiting for their owners at the midtown manhattan location

From yesterday: Judge orders Aby Rosen, Michael Fuchs to pay $18M following default at 285 Madison, the same property for which a $220M CMBS loan is set to mature next month. bisnow.com/new-york/news/…

NY Fed saying the quiet part out loud: bisnow.com/national/news/…

In the face of change, some office landlords have simply frozen, firing their brokers and trashing marketing materials, hoping for a more stable day. Latest: bisnow.com/new-york/news/…