Refinancing applications tripled from a year ago in each of the 50 largest cities and in all but five states as record-low mortgage rates clearly resonated with homeowners. …
It may be the first New York trophy trade to be scuttled by the coronavirus. Jacob Chetrit’s $815 million deal to buy the former Daily News Building in Midtown from SL Green Realty is off after…
One called for a total shutdown of business. Another advised startups to plan for zero revenue for six months. And a third had harsh words for impatient lenders. All three New York developers, Miki Naftali, Ryan…
Two Manhattan politicians are calling for measures to give renters and landlords a respite. Assembly member Harvey Epstein proposed a bill Tuesday that would cancel this year’s Rent Guidelines Board rent increases and freeze rents on…
Check your lighting and be deliberate about the background you’re showing the world….
Roughly a year ago, the real estate industry successfully lobbied to thwart what its leaders said would be a devastating new tax. The pied-à-terre tax would have slapped an annual excise of up to 4 percent…
Lyric, the Airbnb-backed hospitality startup, is drastically downsizing — just a month after laying off 20 percent of its staff. With the coronavirus pandemic bringing travel to a standstill, the San Francisco-based company gave pink slips…
It is incumbent upon the investor to understand their responsibility — or potential responsibility — to comply with the regulations that govern their ownership. But, those laws can change, and that is the risky part. …
Stanley Chera, the founder of Crown Acquisitions and one of New York’s biggest retail landlords, has been hospitalized in the midst of the coronavirus pandemic. Chera, 78, was taken from his summer home near Deal, New…
Newcomers are attracted by the close-knit community and the affordable homes — never mind that the borough’s biggest landmark is a century-old cemetery….
The White House and Senators came to terms early Wednesday on a roughly $2 trillion stimulus measure – the biggest of its kind in U.S. history – aimed at delivering emergency financial support to businesses and…
The Department of Financial Services just released the rules of engagement for banks to grant relief to homeowners impacted by the coronavirus. The regulations, promulgated Tuesday afternoon, follow Gov. Andrew Cuomo’s executive order last week telling…
Even in the best of times, running a residential brokerage is a survival-of-the-fittest business. Razor-thin margins, demanding agents and increased competition from venture-backed firms and technology platforms are lofty challenges. But what do leaders do when…
The Kaufman Organization has bought an office building in Midtown South for nearly $50 million. Kaufman, along with its joint-venture partner AXA Investment Managers, closed Tuesday on the purchase of the 12-story office building at 56…
A day after stocks fell when Congress failed to pass a $2 trillion stimulus package, financial markets rallied on Tuesday — and with them real estate stocks — as lawmakers edged closer to a massive deal…
A stylish ranch once owned by Oscar-winning filmmaker Ron Howard just sold in Encino for $3.4 million. …
After the last recession, developers turned to the federal EB-5 program for cheap financing to fund new development projects in the country’s hottest residential and commercial markets. The program became such a lifeline for developers in…
Construction has been temporarily halted at two major infrastructure projects, including part of the multibillion-dollar overhaul of LaGuardia Airport, after workers were diagnosed with Covid-19. Work on the western concourse at LaGuardia’s Terminal B was shut…
New York’s once-bustling shopping districts are starting to look like they’re bracing for a hurricane. Retailers are boarding up storefronts now that the virus pandemic has emptied the city’s streets. Large sheets of plywood barricade the…
Parents taking their children to the playground during the pandemic have been put on notice: keep your children away from others or recreation spaces will be closed. Mayor Bill de Blasio delivered the message this week…
