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Dozens of city-owned properties around the four outer boroughs were auctioned off to the highest bidder as the city spun off some assets Thursday in downtown Manhattan.

New York City is set to auction off dozens of city-owned properties across the four outer boroughs Thursday morning. It's the first such sale in almost six years, and if every piece is sold, it could bring in at least $6.7 million.

Crumbling ceilings, moldy walls and asbestos filled air-shafts -- these are the conditions a group of 36 tenants from the Chelsea Hotel say are sending them to housing court on Monday. They want a judge to order their landlord, Joseph Chetrit, to repair what they claim are hazardous conditions made worse by ongoing demolition work initiated as part of a renovation project.

It's long been axiomatic that a slice of pizza costs about the same price as a single ride on the subway. But here's a new economic parallel for New York City: the most expensive apartments changing hands in the city last year fetched about as much money as masterworks by Andy Warhol and Gustav Klimt.

Now that Whole Foods has received the needed approvals to build a 52,000-square-foot store on an isolated corner of Gowanus, Brooklyn, observers expect business and residential development in the surrounding area to speed up.

A design flaw in the loading docks at the new One World Trade Center site could end up costing the Port Authority millions of dollars.

Jersey indie rockers Real Estate perform with Girls and King Krule at Terminal 5 on Saturday. Download the outfit's catchy love song "It's Real."

Professor of real estate and co-director of the Richman Center for Business, Law, and Public Policy at Columbia Business School, Christopher Mayer delves into the new housing numbers and suggests that allowing all homeowners to refinance their mortgages would help the market.

For more information about Professor Mayer's proposal, click here.

New York City is not enforcing a 2009 state law that requires owners of foreclosed properties maintain them, according to the state senator who wrote the law.

Forget about all those landlord concessions like a month's free rent or a gratis gym membership to go with that one-year lease —  they're so last summer. New Yorkers looking to rent in the five boroughs are facing steep competition for available space, and they're paying more for it.

Housing advocates say foreclosure actions have fallen dramatically in New York City, primarily because state courts now require loan servicers and banks to verify the accuracy of their documents in foreclosure cases.

A flurry of housing reports Thursday, and the market is not looking very healthy.

If you are out this weekend looking for an apartment to rent in Manhattan, your options could be limited. A recent report from Citi Habitats, the New York residential real estate agency, finds that the "tenant's market" of the last few years is fast disappearing.

In Washington, dinner party conversations revolve around politics. In New York, it’s real estate. And that conversation is reaching a fevered pitch as the June 15th rent regulation laws are set to expire, giving tenant advocates cause for alarm that the deadline will come and go without an agreement in Albany that strengthens their cause.  

In this debate, Governor Cuomo’s deep ties to both tenant groups and the real estate industry are positioning him as a power broker.

There's fresh evidence the rental market in Manhattan is rebalancing in favor of landlords.

The number of dormant construction sites has increased by 50 percent in the past 1-1/2 years despite improvements in the real estate market, according to city buildings department data. 

Two new surveys of apartment rentals in Manhattan suggest the market has stabilized after a rocky period following the economic meltdown.

The average price of a Manhattan apartment ticked up in the last quarter of 2011, according to data from a major real estate brokerage, which means housing is slowly recovering. But limited access to credit and high unemployment are hindering a full recovery.

Chain stores extended their reach in New York City in 2010. A new survey finds the large retailers have increased the number of outlets by four percent from 2009, up to 6,595 total stores.

Foreclosure activity fell to an eight month low as fewer than 300,000 homes received a foreclosure notice in November. According to the online foreclosure tracking firm RealtyTrac, 262,339 properties received a foreclosure filing last month, a 21 percent drop from October and a 14 percent drop from a year ago. Both of these declines were the largest percent decreases since RealtyTrac began collecting foreclosure date in January of 2005.