Real Estate

Alicia Glen raises $108M for affordable housing fund

The Real Deal 10/21 3:36A TRD Staff
New York City’s former Deputy Mayor Alicia Glen s new firm has amassed just over $100 million in its first fundraise for new middle-income housing. Glen’s MSquared raised $108 million from Citigroup, Goldman Sachs and Wells Fargo, among others,...

HUBB NYC doubles down on Manhattan apartments

The Real Deal 10/20 9:30A By Rich Bockmann
HUBB NYC, a Midtown-based investor that has already made one big multifamily buy this year, has struck a deal to buy a Manhattan apartment portfolio from a public company that’s looking to get out of New York City. The privately held HUBB is in...

City Planning votes to restrict hotel development

The Real Deal 10/20 5:34A By Kathryn Brenzel
Hotel developers in New York City may soon face a large obstacle to getting their projects approved. The City Planning Commission on Wednesday approved a zoning text amendment to require special permits for all new hotel construction, sending the...

Tribeca penthouse rents for $85K per month, possibly setting NYC record

The Real Deal 10/19 10:01A By Suzannah Cavanaugh
A Tribeca penthouse may have just become the priciest rental in New York City history. The sprawling triplex atop 1 North Moore Street, a six-unit boutique condo building in Tribeca, has rented for $85,000 per month, according to Platinum...

Law firm leasing doubles in New York City (Real Estate) 10/19 9:14A Natalie Sachmechi
Nearly 800,000 square feet of space was leased during Q3 To view the full story, click the title link.

City’s bet on Hudson Yards beginning to pay off

The Real Deal 10/19 4:45A TRD Staff
New York City officials bet on the success of Hudson Yards. Taxpayers may soon benefit from that risk. The Hudson Yards Infrastructure Corporation, a city subsidiary used to finance the district’s redevelopment, has transferred about $663 million...

Housing Rights probe pins voucher discrimination on VA landlords, brokers

The Real Deal 10/18 7:56A By Suzannah Cavanaugh
The advocacy group that slapped bigwig brokerages and landlords in New York City and its suburbs with suits over source of income discrimination has taken its show on the road. An investigation by New York-based Housing Rights Initiative found 29...

Developers make big resi bet on Mott Haven

The Real Deal 10/18 5:48A TRD Staff
One of the poorest neighborhoods in New York City is quickly becoming the hub of large-scale residential developments. The Bronx’s Mott Haven neighborhood is set to develop about 20 residential projects with more than 5,000 combined apartments in...

New York City’s inflation rate remains lower than the country’s (Real Estate) 10/14 11:31A Bryan Mena
Prices paid by residents in the New York-Newark-Jersey City metropolitan area rose in September for the third month in a row, but the region’s annual inflation rate remains well below the national... To view the full story, click the title link.

Hochul vows to work with mayor, punts on Penn Station details

The Real Deal 10/14 9:00A By Kathryn Brenzel
Less than two months after assuming office, Gov. Kathy Hochul is already doing a few things differently than her predecessor. For one, she isn’t quite as keen on slideshows glorifying New York’s past infrastructure feats, nor name dropping Robert...

1,500-ft tower by David Adjaye proposed for Hudson Yards

The Real Deal 10/14 6:50A TRD Staff
The first RFP has been submitted for a Hudson Yards-area complex that would stand 1,500-feet tall, which would make it one of the tallest buildings in New York City. The proposal is for a building on Manhattan’s west side at 418 11th Avenue...

Luxury home deals soar in Hamptons, New York, South Florida

The Real Deal 10/14 1:00A By Sasha Jones
This year is chock-full of luxury deals across the Hamptons, New York City and South Florida, according to a new report by Bespoke. The Hamptons has had 87 deals at or above $10 million so far this year, totaling $1.6 billion. New York City...
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