A lot has changed since 1991, when the city set the interest penalty at 18 percent for unpaid taxes on large properties. Inflation and interest rates are at historic lows and a pandemic is pounding the…
A San Francisco startup that’s digitizing mortgage, title and escrow said it raised $123 million — sinking another nail into the coffin of time-consuming and cumbersome real estate closings. The funding round brings States Title Inc….
Between 1940 and 1972, Fisher & Paykel designed and engineered a host of laundry and kitchen appliances and by 1974, the brand sold its one millionth refrigerator and one millionth laundry product….
Convene’s top design executive is stepping down after more than 10 years with the firm, the company announced Thursday. Joyce Bromberg, Convene’s chief design officer, is resigning, just as the flex-space company braces for a gradual…
Facebook and Mastercard are the latest major employers to rethink their office needs as remote work grows in appeal. Mark Zuckerberg informed Facebook’s 45,000 workers on Thursday that the tech giant would shift toward more working…
Filmmaker Barry Sonnenfeld’s Colorado retreat, complete with a wood-and-stone mansion, guesthouse and private luge course, is asking $13.25 million. …
Home prices reflect the intersection between the supply of listings and the demand for them. …
Mortgage brokerage Eastern Union Funding recently decided to cut brokers’ fees in order to gain more business. But that didn’t sit well with some, and the company is now dealing with the fallout. Eastern Union’s plan…
Last year’s rent reforms were a gut punch for multifamily market values in New York. But don’t expect that to be reflected in lower property tax bills just yet. That’s because property taxes due July 1…
Sharif El-Gamal built a 667-foot condo tower in Tribeca. Now he’s threatening to rip the top of it down, his lender says. The developer is playing hardball, according to the lender, warning that if a foreclosure…
A community fundraiser recently raised $500,000 to buy two parcels adjacent to Griffith Park, ensuring the land will not be developed. …
Actor-producer Allen Covert of ‘Grandma’s Boy’ has listed his Calabasas home for sale at $2.475 million. …
Staten Island Borough President James Oddo wants to make one thing very clear: pandemic or no pandemic, he is not a fan of the Department of City Planning. “They are an insular, arrogant group,” he said….
The pandemic has fueled the need to jump start housing immediately, and one way to do it is by restoring the SALT deductions. The current tax law is set to expire in 2025—and that’s not soon…
One landlord reported that 80 percent of retail tenants missed rent. The drop in commercial rent payments could imperil property tax collections that pay for city services….
One landlord reported that 80 percent of retail tenants missed rent. The drop in commercial rent payments could imperil property tax collections that pay for city services….
Commercial owners are reporting steep drops in rental payments, which could imperil their own finances and the property tax collections that pay for city services….
Big money will be deployed into cash-deprived real estate funds that have been hit by the coronavirus pandemic. Goldman Sachs announced it closed a $2.75 billion fund, known as Vintage Real Estate Partners II, vastly exceeding…
Sales of previously owned homes declined for the second month in a row….
With property tax deadlines quickly approaching — or having already passed — many state and local governments are in a bind. Taxes from real estate bring in huge chunks of revenue to cover essential services for…
