Real Estate

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

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 (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 (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 (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 (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.

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