Crainsnewyork.com [2021]

Real Estate Crain's New York Business

Residential Real Estate. A Harlem multi-tenant building restored to its former glory hits the market for $8.2M. view gallery. 14 photos.

Actived: 9 days ago

URL: https://www.crainsnewyork.com/section/real-estate

Real Estate Crain's New York Business

(1 days ago) Real Estate. Landlords back RET bid to find property-technology bets. Real Estate. Landlords take rent-law appeal to federal court. Real Estate updated 2 hours ago. The city’s rooftops have been

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Homepage Crain's New York Business

(Just Now) Commercial Real Estate Trump Organization, CFO indicted on tax fraud charges It is the first criminal case New York authorities' two-year investigation into the former president has yielded.

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Commercial Real Estate Crain's New York Business

(2 days ago) Commercial Real Estate. BlackRock to allow only vaccinated staff to return to office. Commercial Real Estate. Wall Street building secures city’s first green loan for $89M. Commercial Real

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This major pandemic protection for New York City's

(7 days ago) The Real Estate Board of New York opposed it, and a group of small landlords filed a lawsuit arguing that the personal liability moratorium, along …

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Investors chasing U.S. housing target massive pools of

(5 days ago) Investors hunting for returns in the frenzied U.S. real estate market are tapping a new strategy: building massive portfolios of houses to rent out on Airbnb.. A recent filing reveals that Dublin

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Prices of virtual real estate are booming, and now there’s

(Just Now) Republic Real Estate, a firm that’s raising money to buy distressed condos in the physical world, is launching an invite-only fund next week aimed at investors seeking to buy virtual land.

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Brooklyn real estate market off to slow start for 2021

(5 days ago) Brooklyn real estate market off to slow start for 2021. The first quarter was a rough one for Brooklyn's real estate market, with the impact of the pandemic and low supply contributing to …

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Real estate sales in Manhattan doubled last week and

(3 days ago) Manhattan real estate sales are slowly ticking up, with a pandemic-high of 155 contracts signed last week, but the market is still off 15% from the same time last …

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Queens home prices saw no year-over-year change last month

(Just Now) Queens has achieved something relatively rare in New York’s tumultuous real estate market during the pandemic: no significant price changes among …

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Manhattan, Brooklyn home sales up dramatically compared

(5 days ago) Manhattan, Brooklyn see significant boost in home sales. Condominiums near McCarren Park in Williamsburg. To get a good sense of how much New York’s real estate market ground to a …

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Witnick Real Estate purchases Union Square apartment

(4 days ago) Witnick Real Estate Partners has spent $23.5 million to purchase an apartment building near Union Square, continuing its recent buying spree of residential buildings in the city. The company, co

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Blackstone bets $6B on U.S. suburban home rentals

(4 days ago) Blackstone Real Estate Investment Trust, known as BREIT, is a non-public real estate investment trust externally managed by a Blackstone subsidiary. RECOMMENDED FOR YOU Investors chasing housing

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How HFZ Capital Group went from rescuing flops to becoming one

(2 days ago) CIM Group, a real estate investment firm in California, recently took over four of HFZ’s condominium properties through foreclosure: the Astor on the …

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New York City real estate leaders talk about what they

(3 days ago) The real estate industry accounts for more than half of the city’s tax revenues and employs thousands of people across construction and hospitality, but it …

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Zara Realty planning 223-unit project in Jamaica, Queens

(4 days ago) Zara Realty to build 223-unit project in Jamaica. Despite the economic beating inflicted on the real estate industry during the pandemic, another developer is investing in New York City, this time

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Billions flood into real estate ETFs with property boom raging

(Just Now) Raging real estate prices have sent investors pouring into exchange-traded funds tracking the industry’s gains. The sector’s ETFs are on pace …

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Meet the 2021 Notable in Real Estate honorees

(7 days ago) New York City real estate has come a long way since the Dutch purchased Manhattan for $24 in 1626. In the past decade, residential prices soared to record highs as …

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Real estate firms increasingly vulnerable to executive

(6 days ago) The royalty of New York City real estate are finding out the hard way that uneasy lies the head that wears the crown. This week real estate investment trust Mack-Cali named its third chief

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Trump Org. expects to be charged in New York tax case

(2 days ago) Trump’s family real-estate company expects to be accused of tax crimes relating to its payment of perks and benefits to favored employees, Ronald Fischetti said on Friday, a …

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The $10B bright spot in the battered world of office real

(2 days ago) Alexandria Real Estate Equities Inc., the largest life sciences real estate investment trust, also has big expansion plans. In January, it paid $1.5 billion for a project in Boston’s Fenway

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NY venture firm raises $100M to help real estate turn techie

(7 days ago) Those partners allow MetaProp to offer startups a "pilot- and test-ready sandbox of 15 billion square feet across every real estate asset type," according to a description from the firm.

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Here's how real estate experts plan to lead New York City

(7 days ago) "The real estate industry is the greatest engine driving New York City's economy, generating more than half the city's overall tax revenue," Whelan added.

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Crain's most-read real estate stories of 2019

(3 days ago) The company is considering a huge, ground-up distribution facility in Maspeth, several sources familiar with the firm's real estate plans said. The deal, if it gets done, would be the latest in

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Billionaire Reubens bet big on Manhattan’s battered real

(1 days ago) The billionaire brothers, well-known real estate investors based in Britain, have spent nearly $2.5 billion on U.S. acquisitions and financing deals this year, according to people familiar with

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All Year Management real estate empire strained with

(8 days ago) Brooklyn real estate empire strained with rental bankruptcy. Cracks are starting to form in the All Year Management real estate empire, after part of its apartment development in a hipster

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The REBNY Annual Banquet goes virtual

(6 days ago) The Liars’ Ball goes virtual. “Resilience” and “comeback” were the watchwords Thursday at the Real Estate Board of New York ’s annual banquet, as industry leaders reflected on a

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Scott Weiner Crain's New York Business

(9 days ago) Mr. Weiner is a key player on the team that will funnel more of that hoard into real estate, hoping to pick bargains amid the real estate recession. Additionally, Mr. Weiner was instrumental in

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Bayside Queens retail site at 39-20 Bell Blvd. sells for

(2 days ago) The city recorded a total of 2,579 investment sales worth about $21.4 billion last year amid the Covid-19 pandemic, according to a report from the Real Estate Board of …

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NYC broker confidence surges amid New York City's recovery

(5 days ago) Brokers are getting their groove back following one of the worst years for New York's real estate industry in recent history. Broker confidence in the market increased for the second quarter in a

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Don't expect real estate to be a political punching bag in

(4 days ago) The next mayor will be faced with major real estate issues almost immediately upon taking office, notably a looming eviction crisis and an attempt …

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FreshDirect's old broker wants new owner to pay its fee

(4 days ago) Two offers came in: one from private investment management firm Centerbridge Partners of Manhattan, and the other from real estate lender Thor …

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Ex-real estate exec vies for City Council seat in failed

(2 days ago) Ex-real estate exec vies for City Council seat in failed Amazon HQ2 district. A background in real estate and a not-so- antidevelopment attitude is …

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Notables in Real Estate 2021 Crain's New York Business

(2 days ago) Partner in the real estate department Fried Frank Marc Wieder. Accounting and audit partner Anchin, Block & Anchin LLP Sacha Zarba. Vice chairman in the Midtown Manhattan office CBRE

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New York real estate broker confidence plunges to record

(9 days ago) The pandemic and its financial fallout are continuing to take a serious toll on the confidence of New York’s real estate brokers. Broker confidence fell to a …

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Glacier Equities makes $23M bulk condo purchase in Flushing

(7 days ago) Real estate investment firm Glacier Equities has spent $22.5 million on a bulk condo purchase in Flushing, property records show. The firm purchased 62 residential condos at …

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Plunging real estate sales spell bad news for the city tax

(1 days ago) Covid-19 took another bite out of city coffers last month, as declining real estate sales translated into a $101 million drop in transaction tax revenue in May, compared with the same month last

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Greg David on NY: Real estate and tech 4-ever

(9 days ago) Riggs Kubiak, Brandon Weber and Caren Maio have decided to take on Microsoft—or at least the way real estate professionals use Excel—and …

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Distressed funds target commercial mortgage-backed

(Just Now) As distressed real estate investors struggle to find enough properties to snatch up, at least two money managers think they’ve found an untapped source of troubled hotels, offices and retail

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Notables in Real Estate 2021: Robert Nelson Crain's New

(6 days ago) Nelson has widespread experience in real estate development and construction. As a longtime owner and operator of apartment buildings in New York City, Robert Nelson has held and managed more than

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The Real Estate Board of New York is seeking more

(4 days ago) The city’s real estate industry is joining a chorus of business groups calling on government to suspend taxes and fees and extend further relief to …

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Manhattan luxury buyers shun co-ops for less-intrusive condos

(1 days ago) Manhattan’s high-end real estate market is on a sales streak this year, as the elite see opportunities for discounts amid a mountain of supply Manhattan luxury buyers shun co-ops for less

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JPMorgan Chase said the pandemic will "signficantly reduce

(3 days ago) JPMorgan Chase Chief Executive Jamie Dimon says the pandemic will “significantly reduce our need for real estate” as fewer workers return to the office after the scourge finally passes.

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Manhattan asking rents are climbing back up, but not to

(7 days ago) Real Estate Daily - Delivered by 2pm, M-F . Health Pulse - Delivered by 6am, M-F . Crain's Events Calendar . People on the Move - Delivered Fri. Small-Business Toolbox - Delivered Th .

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New Avenues for Investing in Real Estate

(4 days ago) Real estate crowd funding is proving to have staying power largely because of the benefits it offers investors, such as strong returns that potentially beat stock market returns.

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West Coast buyers and bidding wars heat up Manhattan home

(7 days ago) Tech buyers with deep pockets are leaving California and heading to the city, where the real estate market is scorching hot.. Manhattan’s emergence …

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The smartest guy in the real estate boom

(9 days ago) Buck Ennis. Scott Rechler has bought $3.5 billion worth of Manhattan office space in the past 12 months. Last week, RXR Realty Chairman Scott Rechler addressed a group of fellow real estate

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