City lawmakers are asking tough questions of the public housing authority, which revealed that there were more empty units within its portfolio than previously believed. The New York City Council’s public housing committee grilled NYCHA officials during a hearing on Monday, Gothamist reported. This comes at a time when New Yorkers are facing a housing […]
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A restored townhouse with an elaborate garden topped the signed deals in Brooklyn’s luxury market last week. In total, the borough netted 28 contracts — six condos, two co-ops and 20 townhouses — with a total volume of $89 million from June 9 to June 15, according to Compass’ weekly report of contracts for homes […]
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Springtime is usually the busy season for multifamily leasing, but that doesn’t mean asking rents in the U.S. posted big gains last month.
The city is full steam ahead on Hunter’s Point South, putting the next parcel of the Long Island City land up for development. The city’s Department of Housing Preservation and Development released a request for proposals for a 70,000-square-foot parcel within the 30-acre site, Crain’s reported. Divided into seven parcels, five parts of Hunter’s Point […]
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Meridian Capital Group is off the sidelines of the agency financing world. The once-blacklisted brokerage arranged a $173 million Freddie Mac-backed loan for Rubie Schron at 175 East 96th Street, a luxury multifamily building on the Upper East Side, the Commercial Observer reported. NewPoint Real Estate Capital originated the loan. The 10-year loan has a […]
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The Senate Finance Committee on Monday released its version of the massive tax and spending bill that President Donald Trump is pushing for, and it includes a new provision to make the opportunity zone program permanent.
Investors have seemingly shrugged off trade tensions and geopolitical turmoil, but the gains in the stock market don’t tell the whole story.
Party lawmakers proposed changes to the tax code that could offer the greatest benefit to businesses.
A top broker in the Hamptons is joining Compass from Hedgerow Exclusive Properties. Terry Cohen is exiting the brokerage three years after joining as an agent and partner, Compass announced in a press release on Monday. Cohen is leaving behind her team, which ranked among the 20 highest-producing teams in the luxury enclave last year. […]
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City Council Speaker Adrienne Adams has been there, done that. This was a running theme for Adams during the mayoral debate last week: While other candidates have laid out their plans to build more housing, she touted that she’s “already doing the work.” She took credit for the passage of the City of Yes for […]
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