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New York Real Estate Industry News

GFP Real Estate Buying FiDi Office Building For $310M In First Big Deal Since Name Change

01/17/2018 GFP Real Estate has made its first major transaction since changing ... District from The Guardian Life Insurance Co. for $310M with the Northwind Group, the New York Post reports. The deal amounts to nearly $350/SF. Guardian had leased the entire office ...

New York City Sees Tax Gain as Real Estate Values Jump 9 Percent

01/17/2018 (Bloomberg)—New York City is still reaping the benefits of the real estate boom. The city set a value of $1.26 trillion for its more than one million properties for the fiscal year beginning in July, an increase of 9.4 percent over the previous period ...

Featured Windsor Terrace Real Estate: $385K Apt On Prospect Park

01/18/2018 BROOKLYN, NEW YORK — This week's featured real estate listing is a studio at 135 Prospect Park Southwest with an asking price of $385,000. The pre-war apartment features park views, hardwood floors, high ceilings a kitchen with stainless steel appliances ...

Real estate throws tons of cash at the Cuomo campaign, again

01/17/2018 Gov. Andrew Cuomo raised $6 million for his 2018 election campaign in the last six months, and at least $1.27 million of that came from New York City area real estate interests, a review of state elections records show. The largest Cuomo donor in the real ...

The Purge of New York

01/13/2018 How real estate barons and investment bankers plotted the destruction of working-class New York. Twenty-five years ago, the hidden origins of New York’s office-building addiction were unearthed by the radical journalist Robert Fitch in his classic book ...

Loftey is on a mission to end New York real estate’s ‘bait-and-switch’

01/11/2018 The “bait-and-switch” is an unfortunate rite of passage many New Yorkers face when it comes to renting an apartment in the city. Surely you or someone you know have fallen prey to this real estate tactic that often includes fake listings, “just ...

Brooklyn Real Estate Prices Climb Higher

01/11/2018 Brooklyn’s real estate market continued its ascent in the fourth quarter ... Neighborhoods in eastern Brooklyn, including Bedford-Stuyvesant, Crown Heights and East New York, saw the most gains, said Garrett Derderian, the director of data and reporting ...

New York's Office Market Isn't Getting The Brexit Bump Many Predicted

01/10/2018 London was named the top global city for investment in the annual survey of the Association of Foreign Investors in Real Estate, released this week, ahead of New York for the first time since 2014. Brexit was considered less of a concern than it was ...

J. Pocker's New President, Eric Mauskopf, Discusses Art, Real Estate and the Millennial Market

01/10/2018 He would know—before starting at the custom framing business, his two-decade career in real estate saw him in management roles at Douglas Elliman, Rose Associates, and First Service Residential New York. Mauskopf shares, in his own words, about his ...

Landlords offer record freebies to New York City apartment hunters in 'challenging year'

01/11/2018 Landlords in New York City offered concessions like a month of free rent to lease a record share of apartments last month, according to the real-estate appraiser Miller Samuel. Apartment hunters are getting these perks amid a deluge of new rental ...

New York tenants rise up for fair housing

01/09/2018 We’re all soldiers in here!” “We have 88,000 homeless statewide” even though “New York is one of the richest states [with] Wall Street, millionaires, real estate developers.” Morgan said “Governor Cuomo should “aggressively invest and ...

Growing interest in Newburgh real estate

01/09/2018 “Since the demand for Newburgh real estate is strong, we are starting to see light ... More than half of last year’s properties, 32, were bought by people with addresses in New York City and other areas outside the Hudson Valley, according to the ...

New York investor acquires 122,000 SF of industrial properties near Port of Houston

01/08/2018 A New York investor has acquired nearly 122,000 square feet of industrial ... Bayou Properties Co. represented itself. Houston's industrial real estate market is rife with private investors, both local and out-of-state, looking for deals in the hot sector.

Madison Realty Capital Provides $53.50 Million Acquisition and Construction Financing For 208 Delancey Street Development Site on Lower East Side

01/08/2018 About Madison Realty Capital (MRC) MRC is a New York-based real estate investment firm that pursues real estate equity and debt investments in the middle market. Founded in 2004, MRC has invested in approximately $7.0 billion of transactions in the ...

Manhattan Real Estate Sales, Prices Drop

01/04/2018 "But it may take up to a year and a half to two years to see the full impact." New York City real estate market takes a tumble in the fourth quarter from CNBC.

Real estate greed caused the deadly Bronx fire

01/04/2018 De Blasio was lying. The truth is that New York City and the real estate interests that run it decided long ago that Karen, Kiley, Kelly and Shawntay's lives were worth gambling with--and that it is perfectly acceptable for working-class Bronx residents to ...

New York’s high-end real estate may be unaffected by tax law

01/04/2018 New York sales transactions priced more than $5 million are primarily settled in cash, which will make the upcoming cap on mortgage interest deduction in the United States' new tax law almost irrelevant to luxury real estate.

New York Real Estate Regulations To Watch In 2018

01/01/2018 Law360, Minneapolis (January 1, 2018, 3:04 PM EST) -- Real estate lawyers in 2018 will be closely monitoring a number of New York initiatives and zoning changes that were announced or went into effect as they try to gauge how quickly developers are ...

Why New York City’s Rapidly Rising Snowfall Totals Are No Holiday Miracle

12/29/2017 With New York City’s median recent snowfalls tripling in a matter ... and consider the practical implications that a rapidly-shifting climate will have on real estate. The statistics get even weirder when considering that mounting snowfall totals come ...

These are the real estate cryptocurrencies you can buy right now (or soon)

12/28/2017 Propy claims it’s the first real estate transfer ever done entirely via blockchain. As part of the transaction, the title is automatically transferred by Propy. The listing site is live, with listings in eight cities including New York, San Francisco ...

Your Answers to Ask Real Estate’s Vexing Questions

12/29/2017 Every week, the Ask Real Estate inbox fills with questions from readers frustrated ... Mary Beth Jordan, Larchmont, N.Y. “A New York native, I’ve been reading the paper since I was little. It was never stolen from my doorstep until I moved to San ...

Monroe Twp. property sells for $965K | South Jersey real estate

12/28/2017 JNL Real Estate LLC to Urvi Real Estate LLC for $320,000 ... Lopez for $215,000. -- 2352 Vine Road, Bank of New York to Ruben Abiles and Raquel Soto for $154,500. WASHINGTON TWP. -- 15 Caserta Dr., Bayview Loan Servicing LLC to Rose and William Perna ...

Ethereum-Powered Blockchain Real Estate Platform Goes Live In The U.S.

12/27/2017 ShelterZoom, an Ethereum blockchain-based online offer and acceptance platform for the real estate industry, has gone live in the U.S., with global markets to go live in the first quarter of 2018. New York City-based Cyrus Charter, the first real estate ...

Here are the 10 hottest Austin real estate headlines of 2017

12/27/2017 Editor's note: As 2017 comes to a close, we take a look back at the 10 biggest real estate stories of the year ... In early 2017, the New York Times quoted Eric Trump, the middle son of President Donald Trump, as saying the Trump Organization hopes ...

Olshan Partners Nina Roket and Lori Marks-Esterman Named Leading Women Lawyers in New York by Crain's New York Business

12/20/2017 ... Esterman Named Leading Women Lawyers in New York by Crain's New York Business Ms. Roket is a Co-Administrative Partner, member of the firm's Executive Committee, a Partner in the Real Estate Practice Group, and Leader of the firm's Leasing Practice Group.

Why Bitcoin Will Be The Future Of Real Estate

12/20/2017 Ben Shaoul is the President of Magnum Real Estate, a New York City-based development firm and property management company. The Russian Space Agency is reviewing plans to build a luxury hotel on the International Space Station.

Real estate vets, TRData’s Deal Sheet is now updated weekly

12/20/2017 The Real Deal’s comprehensive New York City real estate database, TRData, is now updating its Deal Sheet on a weekly basis. The Deal Sheet contains over 40,000 completed deals that encompass retail and office leasing, commercial building sales and ...

The Kushners' New York City Buildings Are Mostly Owned By Others

12/18/2017 joined Normandy Real Estate Partners to buy a 40-percent stake in two Manhattan office properties three years ago, most reports of the purchase gave Kushner top billing. "Kushner, Normandy pick up downtown tech haven," declared the New York Post.

New York City isn't ready for the catastrophic floods in its future

12/21/2017 New York’s flood zones are packed with more than 400,000 residents and $129 billion worth of real estate. The aging sewer system handles both storm water and waste and is easily overwhelmed; Hurricane Sandy sent 1.6 billion gallons of raw sewage spilling ...

Chubb Further Strengthens its Real Estate, Hospitality Practice; Aligns Seasoned Leadership Team

12/20/2017 He will continue to lead the Private Equity team and also be responsible for overseeing the Real Estate & Hospitality Industry practice. Based in New York , Mr. Gillston will report to Matt Merna , Chief Operating Officer Chubb North America Major Accounts.

Howard hunts for real estate firm

12/21/2017 So we went looking for them at three addresses in New York. The Queens address turned out to be a nail ... None of that speaks well for honesty, but doesn’t surprise me when it comes to real estate characters. To my surprise, I was able to get Timothy ...

Featured Prospect Heights Real Estate: $995K Apt On Vanderbilt

12/22/2017 PROSPECT HEIGHTS, BROOKLYN --- This week's featured real estate listing is a one-bedroom apartment at 550 Vanderbilt Ave. with an asking price of $955,000. The apartment is in the new residential building designed by Frank Gehry and situated in New York's ...

Real estate agent branches out with Saratoga County housing project

12/22/2017 Gerry Magoolaghan will start construction in the next few weeks on a 100-acre Schuyler Hills housing development off Route 29 in the town of Saratoga, New York. After spending seven years learning about residential real estate development while working for ...

Real Estate Data Startup Perchwell Welcomes Stribling & Associates To Its Platform

12/20/2017 "Stribling is not only one of New York's largest brokerages, they're known for having some of the highest standards of service in the residential real estate space," said Perchwell founder Brendan Fairbanks. "We're thrilled Stribling shares our vision and ...

Show me the buildings! New York real estate’s hottest renderings of 2017

12/19/2017 Renderings bridge the gap between the fantasy in an architect’s mind and the realities of construction in New York. For condominiums and office towers that will actually rise, they showcase a designer’s talent for artful compromise. For projects that ...

New York REIT, Inc. To Issue A $1.00 Per Share Cash Liquidating Distribution

12/18/2017 ... real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. NYRT's shareholders recently adopted a plan of liquidation pursuant to which NYRT is ...

Tax Bill: Bob Corker's Top Aide Could Reap Windfall From Controversial Real Estate Provision

12/18/2017 Tax experts have told IBT that the tax provision would particularly benefit investors in real estate-related LLCs. “This helps people who have held property for awhile, like Donald Trump,” David Kamin, a New York University law professor who served as ...

Tax Bill a Boom to Commercial Real Estate Owners

12/17/2017 The final Republican tax bill coming up for a vote this week promises to hit some high-income New York area taxpayers hard. But commercial real estate owners have reason to cheer. The bill, which includes deep tax cuts for corporations, reduces the tax ...

Donald Trump's New York Real Estate Friends Love His Tax Bill—It Will Make Them Even Richer

12/17/2017 It is no surprise that many of President Donald Trump’s closest friends in the world of New York real estate are in love with the tax bill that Congress are trying to pass before the Christmas break—it could make them all even richer than they are already.

NYC real estate, architecture, and more in 2017: The year in review

12/15/2017 From the most outrageous design proposals and swank amenities to the best architecture, this is the year that was in New York City. This year brought a handful of proposals from intrepid innovators and architecture firms dreaming of ways to shake up New ...