Five factors that will determine if the city has a happy New Year

CrainsNewYork.com (Real Estate) 12/16 11:19P Greg David

Will Donald Trump deliver a blow to the New York City economic boom? What will the Democrat-controlled and increasingly progressive Albany actually do? How interested will Mayor Bill de Blasio be in... To view the full story, click the title link.

What's Selling Now: Homes That Sold for Around $600,000

NYTimes.com (Real Estate) 12/15 10:00P C. J. HUGHES

Recent residential sales in New York City and the region.

Mark your calendars: These are New York’s top real estate events next week

The Real Deal 12/14 5:00A Ashley McHugh

There will be a few real estate events in New York City next week. On Dec. 18, the Apollo Business Consulting is hosting its Jasmine Night New York Financial Real Estate Christmas Reception from 6:30 p.m. to 9:30 p.m. at the Jasmine Restaurant,...

The latest closing at 220 Central Park South is this $28.4M unit

The Real Deal 12/14 4:30A Kerry Barger

The latest unit to close at Vornado Realty Trust’s 220 Central Park South sold for $28.4 million. Unit 28A was purchased by an anonymous buyer, listed as “VVMB NY LLC,” according to records filed with New York City’s Department of Finance. The...

Lack of choice hurts ride-hailing across New York City

CrainsNewYork.com (Real Estate) 12/14 12:57A

In theory, ride-hailing technology is about freedom and choice for passengers and drivers alike. For passengers, it should allow them to get a ride whenever and wherever they’d like. And for drivers,... To view the full story, click the title link.

Hung without care? Some say tunnel decor is an eyesore

CrainsNewYork.com (Real Estate) 12/13 4:31P

Some commuters who use the Holland Tunnel from New Jersey into New York City think the agency that operates it needs better editing — or a remedial design class. Wreaths have adorned the entrance to... To view the full story, click the title link.

City pharmacies halt tobacco sales Jan. 1

CrainsNewYork.com (Real Estate) 12/13 12:19P Jennifer Henderson

New York City pharmacies have already set their New Year’s resolution – albeit legally imposed. They’ll no longer be able to sell tobacco products as of Jan. 1, 2019. The ban on tobacco sales is... To view the full story, click the title link.

Maverick Real Estate Partners closes another NYC distressed debt fund

The Real Deal 12/13 11:15A Kevin Rebong

When the defaults come, the vulture investors get to work. Maverick Real Estate Partners announced on Thursday that it closed another fund that targets defaulted commercial mortgages in New York City. The latest fund has $200 million at its...

NYCHA aims to raise $3B by selling land and air rights to developers

The Real Deal 12/13 3:00A Kevin Rebong

The New York City Housing Authority plans to sell air rights and open some land to private development in order to raise money for repairs. NYCHA aims to raise $3 billion through the plan, the Wall Street Journal reported. It’s part of Mayor Bill...

City plans to sell $1B of public-housing air rights

CrainsNewYork.com (Real Estate) 12/12 2:55P Joe Anuta

The de Blasio administration plans to sell New York City Housing Authority unused air rights to developers for the first time, the mayor announced Wednesday as part the latest effort to bring the... To view the full story, click the title link.

Here’s what the $10M-$20M NYC investment sales market looked like last week

The Real Deal 12/12 3:30A Kevin Rebong

In the world of mid-market New York City investment sales last week, three buyers linked up for an Upper West side commercial condo and Macklowe Properties snapped up the former Midtown home of the Center for Fiction. 1.) Macklowe Properties...

New York City Transit increase train speeds on two lines in Brooklyn

CrainsNewYork.com (Real Estate) 12/11 11:03A

The city is changing rules and speeding up some of its trains in an effort to improve subway service. The New York Times  Officials instituted strict speed rules for safety reasons following... To view the full story, click the title link.

StreetEasy is raising its fee for rental listings

The Real Deal 12/11 9:04A Kevin Rebong

In summer of 2017, StreetEasy infuriated New York City real estate agents when it introduced a daily fee for rental listings. Now it’s upping the cost. The portal will charge $4.50 per rental listing per day, up from $3, StreetEasy’s general...

Another unit at 520 Park closes, this time for $17M

The Real Deal 12/11 6:00A Kevin Rebong

The latest unit to close at Zeckendorf Development’s 520 Park Avenue sold for $17 million. The anonymous buyer of Unit 14 is listed as “Park and Stone Associates LLC,” according to records filed with New York City’s Department of Finance. The LLC...

Sen. Brian Kavanagh to chair NY Senate housing committee

The Real Deal 12/11 4:27A Kevin Rebong

Sen. Brian Kavanagh will lead the New York State Senate s standing committee on housing, construction and community development, according to sources. As committee chair, Kavanagh is likely to play a pivotal role in determining the fate of bills...