Real Estate

Sellers are slashing prices on a record number of NYC homes

The Real Deal 9/21 4:15A Kevin Rebong
Home sellers in New York City cut prices on almost 800 listings in one week in September, which is the highest amount of price cuts in at least 12 years. There were 774 homes in Manhattan, Brooklyn and Queens that saw price cuts in the week...

State officials hear public comments on marijuana (Real Estate) 9/21 12:57A
Several dozen speakers overwhelmingly supported adult use of marijuana at the Borough of Manhattan Community College on Thursday—the first of several listening sessions to be held in New York City,... To view the full story, click the title link.

Commercial rent control's fundamental flaws (Real Estate) 9/20 2:24P Greg David
In the late 1980s Ruth Messinger, who was then on the New York City Council, was pushing a proposal to impose rent controls on commercial space to save small businesses from being pushed out by... To view the full story, click the title link.

Is Google about to open its first real NYC store?

The Real Deal 9/19 11:30A Kevin Rebong
Google could open its first long-term store in New York City. Really. The company declined to use an option to terminate its retail lease at 131 Greene Street, Crain’s reported, which indicates that it plans to use it. Google leased the...

New York startups continue to rake in VC funding (Real Estate) 9/19 6:45A Tom Acitelli
New York City-based startups have closed about 850 venture capital funding deals this year totaling $9.1 billion, according to the city Economic Development Corp. That puts New York firms on pace to... To view the full story, click the title link.

Do or die: Small and mid-sized firms are joining forces to stay alive

The Real Deal 9/19 1:30A Kevin Rebong
Residential sales have slowed, the cost of running a brokerage has climbed, and tech is becoming more of a threat by the minute. While there has been plenty of coverage of all of those issues, most of the headlines have focused on how New York...

Think tank pushes plans to get city out of debt (Real Estate) 9/18 3:48P Will Bredderman
The Citizens Budget Commission wants to get New York City back in black.A new report rolls out a host of proposals the fiscally conservative think tank says would help the municipal government crawl... To view the full story, click the title link.

NYC homeowners have unrealistic expectations: report (Real Estate) 9/18 1:39P Joe Anuta
New York City home prices have more than recovered from the financial crisis 10 years ago, a report released by StreetEasy Tuesday showed. But the gains failed to beat the stock market and current... To view the full story, click the title link.
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