Real Estate

Elliman CEO: ‘People are afraid to walk in NYC’

The Real Deal 7/27 5:48A TRD Staff
Watch the latest video at Video via FOX The CEO of Douglas Elliman is tying New York City’s real estate recovery to public safety amid concerns over rising crime. “People are afraid to actually walk in the city anymore,” Dottie...

Lightstone receives $130M construction loan for new Moxy hotel on LES

The Real Deal 7/27 4:07A TRD Staff
The newest Moxy Hotel in New York City is moving forward with the assistance of a $130 million construction loan. Developer Lightstone Group recently secured a $90 million senior loan from MSD Partners for the planned Lower East Side hotel at 145...

HFZ set to lose stake in $2B XI condo project

The Real Deal 7/26 10:37A By Rich Bockmann
One of the boldest bets of the past decade on New York City’s high-end real estate market appears to have finally run out of rope — a case study in what happens when big risks don’t pan out. HFZ Capital Group’s $2 billion XI project on the High...

City extends vaccine mandate to all municipal employees (Real Estate) 7/26 5:50A Associated Press
The rule is expected to affect about 340,000 workers, making New York City one of the largest employers in the U.S. to take such action To view the full story, click the title link.

Pandemic could cut assessed property values by 10%

The Real Deal 7/23 11:26A By Suzannah Cavanaugh
The pandemic slammed New York City’s retail, office and hotel sectors, a hit that may mean a sharp drop in property taxes collected next year. The tentative tax assessment for 2022 shows assessed values of those commercial properties fell 9.6...

The Radio City Rockettes are coming back this Christmas 7/23 7:59A Dana Schulz
Photo courtesy of MSG Entertainment After canceling their famous Christmas Spectacular last year for the first time in 87 years, the Madison Square Garden Entertainment Corp. announced that the...

Deals of the Day: July 23 (Real Estate) 7/23 7:16A Natalie Sachmechi, Eddie Small
The New York City School Construction Authority buys a site in Inwood, and Mattress Firm plans new flagship store in Tribeca To view the full story, click the title link.
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