The shuttered Church of the Nativity site in the East Village now belongs to a Los Angeles-based real estate firm. Gemini Rosemont purchased 42-46 Second Avenue from the Roman Catholic Church for $40 million, according to…
Shooting ranges, movie theaters and bowling alleys: The rich have luxury backup plans as the coronavirus spreads. …
Gov. Andrew Cuomo’s executive order “New York State on Pause” went into effect Sunday, bringing life in the city to a near halt. The order bars non-essential workers from going out to work. For real estate…
A nearly 4,000-square-foot Williamsburg apartment has returned to the market, asking a whopping $8.75 million. Mark Altman, who works in the transportation industry, put the 10-room home on the market last Friday, the same day Gov….
The coronavirus pandemic is taking its toll not only on landlords and tenants, but also on developers and the construction firms. The pandemic has slowed global shipping of building materials — and builders are expecting projects…
Sam Zell has billions in dry powder and an economy in turmoil. Is the developer and investor, known to zag when everyone else zigs, planning his next strike? The brash, often controversial, sometimes vulgar chairman of…
Some relief from the federal government is on the way for multifamily landlords, but it comes with strings attached. The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, announced that the two mortgage…
New York City could lose up to $6 billion in tax revenue thanks to the coronavirus pandemic, according to a new report from the comptroller’s office. The losses in fiscal years 2020 and 2021 will be…
The Federal Housing Finance Agency announced this morning that it is instructing Freddie Mac and Fannie Mae to use alternative home appraisal methods until May 17. …
A year ago, a Durst Organization spokesperson claimed that a wrongful-death lawsuit against Robert Durst was no more than “a lawyer’s attempt to make a buck.” Now that lawyer is suing for defamation. Robert Abrams, an…
Today at 5 p.m. EDT three major NYC developers will join TRD associate publisher Hiten Samtani for the second episode of TRD Talks Live. This time we’ll confer with Ryan Freedman of Corigin Ventures, Steve Witkoff…
With New York City in lockdown, home showings banned and a swell of new virus cases, the real estate industry is struggling to come to terms with a new way of doing business. But in Manhattan,…
As the coronavirus pandemic worsens, there’s still a handful of properties new to market. Many of the listings came online last week amid a heated debate within the residential real estate industry about whether to halt…
A townhouse in Brooklyn Heights was the priciest residential property to go into contract in Brooklyn last week. The five-bedroom unit at 38 Hicks Street went for about $3.5 million. It spent 402 days on the…
From virtual wine tastings to online workouts, digital amenities have become the silver lining in home confinement. …
Amazon is looking to buy four Fairway Market stores in New York and New Jersey, two months after the grocery chain filed for bankruptcy. The e-commerce giant is focused on acquiring one store in Pelham, New…
The preliminary proposal from a mayoral commission to overhaul New York City’s property tax system would raise fees on owners of one- to three-family homes and hold down taxes on co-ops and condos. An analysis from…
After watching rivals Opendoor and Redfin drop out of the iBuying game, Zillow Group said Monday that it would also suspend home-buying amid the coronavirus pandemic. In a statement, co-founder and CEO Rich Barton cited emergency…
Colony Capital chairman and CEO Tom Barrack thinks the commercial mortgage market in the United States is on the verge of collapsing. Barrack wrote in a white paper, posted to Medium late Sunday, that the coronavirus…
Needless to say, the virus is having a marked effect on both buyers and sellers. …
