BisnowTV: The 5 Top Stories In NY Heading Into The Week Of March 20

[0:29] U.S. Rep. Steve King, known for making inflammatory, racially charged statements about immigration, introduced a bill to kill the EB-5 visa program.

[2:07] Lightstone secured a $305M construction loan from a fellow real estate investor, Richard Mack, for an 800-unit condo tower in Lower Manhattan.

[3:24] Anbang reportedly paying the family of White House senior adviser Jared Kushner $400M, forgiving debt on 666 Fifth Ave. tower in what has been described as a sweetheart deal.

Anbang has since told Bloomberg it is not involved in the project.

[5:03] Rents in Manhattan, once growing by 10% a year, are now falling in every category. From studios to three-bedrooms, Manhattan apartment rents have now fallen farther than any other major market since 2016.

[6:22] The Dirty Secret Making Major Construction Projects More Expensive