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The massive edifice at 25 Water St. has successfully swapped its cubicles for more than 1,000 apartments. The former Financial District office tower underwent a two-year gut renovation to turn it into a high-end residential apartment complex. The behemoth of a property was once shared by JPMorgan Chase, the National Enquirer and the New York Daily News. When the 32-story tower opened up leasing in January, it became the largest office-to-residential conversion in US history. A rendering of the new 25 Water St. facade. Streetsense The building was once known...

The Midwest is known for good manners and kind strangers, but hopeful renters shouldn’t be fooled. When it comes to finding the right lease, Midwestern cities are among the most cutthroat places in the country. Much to the shock of shoebox-dwelling New Yorkers and cash-strapped Angelenos, it’s the Midwest, not the East or West coasts, that occupies 50% of the top spots for the country’s hottest rental markets in early 2025, according to a new report by RentCafe. CNBC first reported on the study. Ten out of 20 of the...