A major development affecting the Mamdani affordable housing plan. Judge Philip Bentley has rejected the city’s bid to delay the auction of over 5,000 rent-stabilized apartments from the bankrupt Pinnacle Group, clearing the way for a $451M stalking horse bid from Summit Property Management. đź’Ą The city—now under Mayor Zohran Mamdani—sought a 30-day pause to […]
SL Green’s Strategic Recalibration Of $1B NYC Assets
The New Blueprint for NYC Office What happens when NYC’s largest office landlord hits “reset” — but not in retreat, in strategy? Over the past 6 months, SL Green Realty Corp. has rolled out a playbook of asset sales, joint ventures, and opportunistic buys that reflect a sharpened strategy in a high-interest, post-pandemic office world. […]
Qualified Rural Opportunity Funds and Micro-Resorts
Unlocking Rural Investment Potential — With a Spotlight on Upstate New York Rural America is quietly entering a new investment era. While major cities continue to attract capital, talent, and attention, something different is happening beyond the skyline. In small towns, scenic landscapes, and overlooked communities, a powerful combination of tax incentives, changing travel behavior, […]
Micro-Resorts: Big Experiences in Small Packages
Why are Micro-Resorts redefining travel? Imagine a place that feels like a private getaway with all the charm of a luxury resort — but instead of hundreds of rooms, it offers a handful: a cozy cluster of tiny cabins, each with its own personality and purpose. This is the magic of the micro-resort. Far from […]
Pam Liebman to brokers using StreetEasy’s Premier Agent: You’re on your own
Corcoran, Citi Habitats won’t reimburse residential real estate agent using controversial feature March 03, 2017 02:45PM By Katherine Clarke TheRealDeal.com Gary Malin and Pam Liebman (Credit: Larry Ford) Two of New York City’s largest residential brokerages, the Corcoran Group and Citi Habitats, will not reimburse agents who wish to participate in StreetEasy’s new Premier Agent […]
Investors from Germany, Korea & Japan could fill Chinese void – Victor Jung
Negative interest rates will drive purchases March 07, 2017 04:30PM By Rich Bockmann TheRealDeal.Com Bill Shanahan China supplanted Canada for the first time last year as the most active foreign investor in U.S. real estate. But so far this year, some Chinese institutional investors such as insurance companies have been silent, and the yuan’s appreciation against the […]
EB-5 will thrive under Trump, experts say – Victor Jung
From left: Nicholas Mastroianni, Scott Alper, Connor Chen, Charles Gargano, Former New York Gov. George Pataki, Phoebe Yuan, Jianlen and Hiten Samtani The legislative fate of EB-5 may still be up in the air, but champions of the controversial visa program are not worried — they say they have a powerful friend on their side. […]
Cuomo approves $300M for NYC affordable housing projects – Victor Jung
Gov. Andrew Cuomo signed off on granting the city another $300 million in bonding authority on Friday, providing a considerable bump in funds needed to construct affordable housing. With this latest allowance, the state has granted the city $771 million in tax exempt bond capacity this year — an amount Cuomo’s office touted as the highest […]
Here’s what $1M worth of prime real estate looks like in the world’s top cities: Knight Frank
In Hong Kong, it buys you a guest bath, but in New York … March 03, 2016 12:32PM By Hiten Samtani What does $1M get you in prime real estate across the globe? (Click to see full-size image) What does $1 million get you in luxury real estate? New Yorkers know that the answer, at […]
SVHO and Bizzi Partners at 125 Greenwich Street to house 275 Units – Victor Jung
Michael Shvo and a rendering of 125 Greenwich Street (Credit: ArX Solutions) Michael Shvo, Howard Lorber’s New Valley and Bizzi & Partners’ soaring condominium at 125 Greenwich Street will house 275 units – nearly 150 more than early renderings for the Financial District tower indicated. The Rafael Vinoly-designed tower will rise 91 stories with 275 […]