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Bloomberg's Laura Nahmias joins Scarlet Fu on "Bloomberg Real Yield."  New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations.

Brown Harris Stevens CEO Bess Freedman discusses NY Democrats cutting deal on second-home tax and says we need complete property tax reform. She speaks with Romaine Bostick and Katie Greifeld on "The Close."

Bloomberg's Laura Nahmias joins Caroline Hyde and Emily Graffeo on "Bloomberg Real Yield." New York officials are trying to give shape to the pied-à-terre tax proposed by Governor Kathy Hochul, with significant questions about how the levy would work still unresolved amid broader Democratic discord over the state budget.

Citadel founder Ken Griffin says it's clear that New York City Mayor Zohran Mamdani doesn't welcome success because he wants to put special taxes on billionaires. Griffin spoke Tuesday during an interview at the Milken Global Conference.

Citadel founder Ken Griffin says New York City Mayor Zohran Mamdani has proven that he made the right choice in moving from Chicago to Miami. "What the mayor of New York has made clear to my partners, and principally my New York partners, is that we need to double down on our bet in Miami," Griffin said during an interview at the Milken Global Conference. He also wouldn't say if he's going to finish building a new tower in Manhattan at 350 Park Avenue.

Pershing Square CEO Bill Ackman says he feels "not great" about New York City Mayor Zohran Mamdani and his idea of taxing billionaires like Ken Griffin on their second homes here. Ackman tells Bloomberg Television that Mamdani should not be trying to drive Griffin out of New York.

Pershing Square founder and CEO Bill Ackman says succession at the company is already in place. Speaking with Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills, California, Ackman also discusses his bid for Universal Music Group, the rise of prediction markets and offers his views on New York City Mayor Zohran Mamdani.

Bloomberg's Laura Nahmias joins Scarlet Fu on "Bloomberg Real Yield." Citadel's Ken Griffin reportedly met this week with New York Governor Kathy Hochul after a spat with Mayor Zohran Mamdani that centered on Griffin's $238 million Manhattan penthouse.

Michael Bologna, Bloomberg Industry Group senior tax correspondent, joins Scarlet Fu on "Bloomberg Real Yield." Democrats around the country are pushing forward on plans to tax the rich moves that are supportive for the tax-exempt municipal-bond market.

CBRE Group CEO Robert Sulentic says he is bullish on long-term growth across New York City. Speaking with Norah Mulinda on Bloomberg Television, Sulentic also says CBRE will become "net winners" thanks to AI.