How Rent Control Hurts The Very People It Seeks To Help (And What We Can Do Instead)
While well-intentioned, these policies can backfire in communities and ultimately decrease quality of life for families in lower-income brackets. …
Westchester’s top luxury brokerages and brokers in 2019
After a period of fear and loathing over potential impacts of the 2017 federal tax law, buyers are coming back to the table in Westchester. The top brokers and brokerages in the county say they have…
Is There Still A Market For Value-Add Construction?
New builds are popping up all over the United States and abroad, and there is concern that value-add construction investors will not be able to compete. …
Feel the churn: Tallying the biggest swings in resi agent count
In the dog-eat-dog world of residential brokerage, the battle for talent is among the fiercest. “In the life of a brokerage, everything revolves around hiring and retaining agents,” said Eddy Boccara. He leads a New York…
Pension fund money is getting tangled in some controversial housing deals
Madison Realty Capital, a private real estate investment firm heavily backed by public pension money, has been stuck with a nearly half-empty rental portfolio in Manhattan’s East Village. When the New York-based firm financed controversial landlord…
An Escape From Brooklyn, and a ‘Couple’s Project’
Now that the house is complete, they have a place to retreat in Connecticut on the weekends. But creating it was half the fun….
European Contech Startup Raises Giant Series A To Revolutionise Construction Management
PlanRadar, a leading Vienna-based SaaS solution for digital documentation and communication in construction and real estate projects, has closed an impressive €30milion Series A round to change the way construction sites are managed. …
Doggone it: This developer digs canine condos
Developer Young Woo recently brought up building dog condos in Chelsea, which left at least one New Yorker barking mad. Woo floated the idea on a recent panel discussion about dogs at the Museum of Modern…
Real estate stocks plunge as coronavirus epidemic spreads
Real estate stocks tanked Monday, as the stock market’s 11-year bull run teetered on the brink of collapse amid coronavirus fears. The New York Stock Exchange halted temporarily when the S&P 500 dropped by 7 percent…
Hudson Yards district’s newest office tower to cost $2.6B
The next skyscraper to rise in the Hudson Yards neighborhood will cost nearly $2.6 billion to develop when all’s said and done. Three Hudson Boulevard, which will stand 56 stories when completed, will have an all-in…
Charles Urstadt, Who Eased N.Y. Rent Controls, Dies at 91
As state housing commissioner, he pushed a law that let landlords charge market rates when apartments became vacant. He also shepherded Battery Park City….
Israeli candy maker sues All Year over Rheingold development bonds
When a Bronx real estate investor raised questions last month about All Year Management’s Rheingold Brewery development, bondholders in Tel Aviv appeared to respond with a collective shrug. Now things are getting serious. Toot Food Industries…
Manhattan luxury market records strong week of contracts despite coronavirus concerns
Open-house attendance is down, real estate events are being canceled or postponed and the stock market is tumbling. Amid the deepening concerns over the coronavirus, Manhattan home sale deals march on. There were 27 contracts signed…
Former Laker Horace Grant looks to wrangle a buyer for equestrian estate
Horace Grant, the former NBA player who won four championships with the Lakers and Bulls, has put an equestrian estate in California’s Central Coast area up for sale at $1.699 million. …
Eden slashes jobs at Managed by Q, less than a week after $25M purchase
With the ink barely dry on a deal to buy Managed by Q from WeWork, office-management startup Eden has laid off three-quarters of its formal rival’s workforce. Sources said San Francisco-based Eden laid off 75 of…
Blackstone plays it safe with $2.7B Japanese rental property deal
Blackstone Group and its institutional investors see stability in Japan’s low-upside residential market. The New York-based financial firm has agreed to pay more than $2.7 billion for a portfolio of 220 rental properties mostly in Tokyo…
Chicago is No. 3 city for single women to buy a home: study
Single women are increasingly buying homes, and Chicago is the third-best city in the U.S. for them to buy, according to a new study by Compass and mortgage lender Better.com. Nationwide, one in five homebuyers are…
Watch your language: Words brokers shouldn’t be using in 2020
You’re in the middle of a home showing, in the master bathroom, and you catch yourself about to say to your clients, a same-sex couple, “Here you’ll find ‘his-and-hers’ sinks.” Oops. And what about calling it…
Montecito home of ‘Peanuts’ creator’s daughter sells for $5.05 million
Jill Schulz, daughter of ‘Peanuts’ creator Charles M. Schulz, has sold her Montecito estate for $5.05 million. …
Michael Shvo, partners secure $545M loan for Coca-Cola building
A partnership led by Michael Shvo has secured a $545 million loan to refinance the Coca-Cola building, The Real Deal has learned. The loan, provided by Goldman Sachs and Bank of America, will replace $600 million…
