Real Estate

City's Q1 health investments nearly surpass all of 2020's, report finds (Real Estate) 5/7 6:06A Shuan Sim
Investments in digital health firms in the first quarter of the year have nearly surpassed the level for the entirety of 2020, according to a recent report from the New York City Health Business... To view the full story, click the title link.

Yang targets vacant lots with $900 million tax plan

The Real Deal 5/7 5:00A TRD Staff
Andrew Yang sees nearly $1 billion in untapped property tax revenue sitting in New York City’s vacant lots. The contender for mayor announced a plan Thursday to hike taxes on empty commercial lots by 500 percent over five years, the New York Post...

FiDi condo glut is through the roof

The Real Deal 5/7 3:06A TRD Staff
Since Covid rendered walkable commutes a bygone amenity, the Financial District’s condo supply has surged. And there are still few buyers in sight. The downtown district now holds the most unsold inventory of any New York City neighborhood, with...

Yang makes first TV ad purchase as mayor’s race tightens (Real Estate) 5/6 12:07P Bloomberg
Andrew Yang began airing his first TV ad of the New York City mayoral campaign on Thursday, a day after a poll showed him slipping from front-runner status for the first time since entering the race... To view the full story, click the title link.

April was best month for new condo sales in 5 years

The Real Deal 5/6 8:45A By Erin Hudson
Long-suffering condo developers just had their busiest month in five years. Some 474 new development contracts were signed last month in New York City, according to Marketproof, which tracks sponsor sales across all price points in the city. The...

NYCHA to add more than 4,400 units to private management (Real Estate) 5/6 8:37A Eddie Small
The city’s public housing authority is expanding its program that converts developments to private management to more than 4,400 additional housing units. The New York City Housing Authority... To view the full story, click the title link.

City pitches free vaccines to visitors to spur tourism (Real Estate) 5/6 6:14A Bloomberg
New York City is in talks to offer free vaccines to visitors as a way to encourage them to visit, Mayor Bill de Blasio said Thursday. Mobile vans will bring Johnson & Johnson one-dose shots to... To view the full story, click the title link.

New York City wants to vaccinate tourists 5/6 5:45A Devin Gannon
Photo of Mayor Bill de Blasio at the Empire State Building on May 1, 2021 courtesy of Michael Appleton/Mayoral Photography Office With tourism expected to ramp up this summer, New York City wants to...

Crain’s Business Forum: NYC’s Restaurant Revival (Real Estate) 5/5 10:11P
New York City restaurants have been devastated by the pandemic – hundreds of businesses have closed, and thousands of employees have lost their jobs. As the restaurant industry begins to recover,... To view the full story, click the title link.

De Blasio's public salary largesse must be reined in by the next mayor (Real Estate) 5/5 10:57A Steven Malanga
New York City Mayor Bill de Blasio took office amid an economic expansion and immediately increased spending—granting retroactive raises to thousands of workers and adding new programs in a... To view the full story, click the title link.
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