Rentar Development refinanced its mixed-use plaza in Middle Village, which is in the midst of a retail overhaul. Deutsche Bank and UBS originated a $160 million commercial mortgage-backed securities loan for Rentar Plaza at 66-26 Metropolitan Avenue in the Queens neighborhood, the Commercial Observer reported. BayBridge Real Estate Capital arranged the deal. There was previously […]
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Crackdowns on algorithmic rent-setting software are set to remain in place after the Senate struck down a provision in the proposed federal budget reconciliation bill that would have banned state and local regulations on artificial intelligence for the next decade.
The Federal Reserve chair said the central bank would make decisions on interest rates based on data.
The federal government’s proposed cuts to rental assistance could have an outsized effect on Long Island. The budget announced by President Donald Trump’s administration includes capping housing vouchers at two years for working-age, able-bodied adults, which could affect approximately 5,700 Long Island households receiving Section 8 assistance, Newsday reported. The area’s federally subsidized housing relies […]
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A French environmental, social and corporate governance firm focused on real estate data will be turbocharging its presence in the U.S., anticipating an increased focus on energy efficiency and climate resiliency nationwide.
After days of around-the-clock heated debate, Senate Republicans passed President Donald Trump’s enormous budget bill.
The ranked choice tabulations are in and further underscore the real estate industry’s losses in the June primary. The latest results show Assembly member Zohran Mamdani with 56 percent, making him the Democratic nominee for mayor. Mamdani had a more than seven-point lead over former Gov. Andrew Cuomo as of primary night last Tuesday, a […]
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Cash is becoming a concern for Pinnacle Group’s contested portfolio of thousands of rental units. A federal judge denied a request to tap rental income for more than 5,000 rent-stabilized apartments owned by Joel Wiener’s Pinnacle Group, leaving the massive portfolio without funding for basic operations as it navigates Chapter 11 bankruptcy, Bloomberg reported. Judge […]
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After a gangbusters start to the year, Manhattan’s office market snapped back to reality in the second quarter. Office leasing volume reached 9.2 million square feet, an 18.9 percent drop from the previous quarter, according to a new report from Colliers. But thanks to a banner first quarter — during which six tenants inked deals […]
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Jacob Kohn has completed another piece of the puzzle for his massive multifamily development in Downtown Brooklyn. Kohn’s Jay Group landed a $53 million construction loan for a 99-unit building at 165 Willoughby Street, PincusCo first reported. Ponce Bank provided the financing, marking another major step forward for the five-building project. The developer landed a […]
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