Featured
REPORT: Bronx prices rising in adjusting residential market
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The average sales price of a home in New York City during the fourth quarter of 2018 was $938,000, a two percent increase from the fourth quarter of 2017
Deals & Dealmakers
Related gets into fulfillment business with purchase of delivery upstart
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Rags-to-riches mega-developer Stephen Ross is taking on Amazon. The one-time tax attorney turned billionaire builder announced this morning that his Related
Featured
Neighbors challenge Extell’s newest Upper West Side skyscraper
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Neighbors and an Upper West Side preservation group have filed a zoning challenge against Extell Development’s residential tower at 36 West 66th Street.
Featured
Rent regulated landlords win case of whodunit to J51 tax breaks
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An undisclosed policy change at City Hall threatened to disrupt hundreds of landlords throughout the city and nudge thousands of rent-stabilized apartments
Construction & Design
New York celebrates as Hudson Yards officially opens
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Related Companies and Oxford Properties Group gave their Hudson Yards a New York opening last week, with a celebrity showcase in The Shops Thursday night
Construction & Design
Supreme Court ruling secures J-51 tax breaks for mod rehabs
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The state Supreme Court has protected the right for rent-stabilized landlords to get tax benefits in exchange for capital improvements, regardless of their
Construction & Design
Kushner Companies faces $210,000 in fines for withholding rent-regulated info
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Kushner Companies faces up to $210,000 in fines for filing false documents with the New York City Department of Buildings about rent-regulated tenants.
Deals & Dealmakers
We’re all miserable as rents and taxes continue to climb
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By Sarah Trefethen & Sabina Mollot TENANT PROTESTOR AT THE ANNUAL RGB MEETING Owners of multi-family buildings pay the lion’s share of New York City
Featured
Skyrocking rents sending apartment hunters to boroughs
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Aerial view of Brooklyn. By Holly Dutton It’s all about the outer boroughs. As another round of quarterly reports comes out, the numbers don’t lie;
Featured
Restaurateurs sour on rising rents
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By Holly Dutton With rents increasing in all of the prime retail areas, and longtime restaurants like Union Square Café shuttering after 30 years, restaurateurs
Deals & Dealmakers
Laboz offloads $40 million in Manhattan property
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By Lauren Johnson Manhattan landlord Maurice Laboz’ Regal Real Estate has sold close to $40 million worth of real estate in a series of deals with The Lam Group.
Deals & Dealmakers
NGKF markets hotel portfolio
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Jonathan Falik By Holly Dutton A portfolio of eight hotels located along the East Coast are being brought to market by Newmark Grubb Knight Frank (NGKF) Hotels.