Seven Proptech VCs Reflect On 2019
As 2019 draws to a close, I asked seven global proptech VCs to reflect on the year that’s gone by. Read on to find out what they had to say! …
The Year In Real Estate
This year provided some highs and lows for real estate in New York City. Sales records were broken, but the overall market hit the brakes, even as mortgages rates stayed low. Design took center stage in…
Hudson Yards: Year One
After opening to the public in March, Hudson Yards is dazzling, divisive, and still very much under development….
Inside Fried Frank’s annual holiday bash
It’s the be all and end all of real estate holiday parties. Fried Frank’s Jonathan Mechanic played the sort of master of ceremonies for the firm’s annual event, held Dec. 3 at Cipriani 42nd Street. Attendees…
Airbnb is taking steps to protect its customers. Is it enough?
On Halloween night, a shooting broke out at a crowded house party in a California property that had been rented on Airbnb. Five people were killed and several more injured. The owner of the property told…
Jimmy Choo co-founder Tamara Mellon sells condo for $19M
Jimmy Choo co-founder Tamara Mellon has found a well-heeled buyer for her Greenwich Village condominium. Property records show an anonymous buyer shelled out $18.8 million the eighth-floor spread at the Greenwich Lane, a complex with five…
Prada gives landlord Jeff Sutton a lawsuit for Christmas
Six years ago, Jeff Sutton warned Prada that he intended to renovate the building that houses the luxury fashion giant’s flagship, 724 Fifth Avenue. The parties struck a deal, according to a lawsuit Prada filed on…
Good while it lasted: Tenant paid $1 rent for 5 months
For five months, a tenant in East Harlem paid $1 a month in rent because his landlord, Isaac Kassirer’s Emerald Equity Group, did not file paperwork to a regulator. But what seemed like a lucky break…
3 Situations Where It Makes More Sense To Buy A House Instead of Renting
Here’s when buying is the better choice. …
Brooklyn? Fuhgeddaboudit. Queens has the biggest outer-boro hotel projects
Outer-borough hotel builders are flocking to Queens. Eight of the city’s 10 biggest hotels under construction outside Manhattan are located in the borough. In all, these hotels under construction this year are expected to bring 2,110…
Trump Org’s office holdings help offset hotel losses: analysis
Since President Donald Trump took office, the Trump Organization has seen revenue at its hotels suffer due to association with his name. But those struggles have largely been offset by a less prominent side of the…
Multifamily Is Hot In Phoenix—Maybe Too Hot?
Phoenix rents keep rising. Apartment construction and demand are still strong. But some observers say rents may be outpacing wages. …
Begin Your New Year’s Resolutions At Home
Redesign your home and change your life. …
Gentrification tax? City lawmakers call for fix to “completely screwed” system
City lawmakers are making another push to overhaul New York’s notoriously arcane property tax system. A new proposal backed by 13 Republican and Democratic City Council members would tax new homebuyers on the actual market value…
Skate gear retailer Blades to close its last store
Nearly 30 years after opening its first store on the Upper West Side, skate gear retail chain Blades is shutting down its last location. Blades’ Soho store had become a fixture in New York City’s skating…
Big sales, big discounts: The luxury market’s tumultuous 2019
It was a testing year for the luxury market. While eye-opening closings made headlines — think Lachlan Murdoch’s $150 million Bel Air mansion and Ken Griffin’s $238 million penthouse — there was a 16% decline in…
The Most Popular Properties of 2019
We tracked your interest, and these are the year’s most-viewed listings….
Bruce Willis sells Westchester estate for $7.66M
Yippee-ki-yay, Westchester. Bruce Willis and his wife, model and actress Emma Heming, have sold their nearly 9,000-square-foot mansion near Bedford Corners for $7.66 million, after cutting the asking price by more than 40 percent over the…
Homes for Sale in New Jersey and New York
This week’s properties include five-bedroom homes in Bayonne, N.J., and Ossining, N.Y….
New York City Townhouse Owners Are Being Fined Thousands For Illegal Airbnbs
New York City townhouse owners who rent out their spaces on Airbnb are getting tripped up by confusing short-term rental laws. …
