Residential
Long Island posts highest number of sales in 15 years
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Long Island is continuing its consistent ascent, posting its highest number of home sales in 15 years. According to Douglas Elliman’s third quarter report
Residential
Comptroller report blames rising rents on increased Airbnb listings
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New York City’s Comptroller Scott M. Stringer released a report that claims residents pay $616 million in additional rent in 2016 due to the growth
Deals & Dealmakers
Millennials, baby boomers drive multifamily cap rates hike
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Lifestyle changes from Millennials, Baby Boomers and a favorable financing environment contributed to resilient multifamily capitalization rates in the U.
Deals & Dealmakers
$57M Freddie loan funds workforce homes
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CBRE secured $57 million in loans through the Freddie Mac Small Balance Loans Program for a 13-property mixed-use portfolio in Orange, East Orange and Jersey City.
Deals & Dealmakers
City plays matchmaker in affordable market to head off ‘predatory investors’
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City Hall wants to play matchmaker for affordable housing sellers and preservation-minded buyers. Hoping to safeguard communities from “predatory investors”—developers
Debt & Equity
G.S. Wilcox plies Lowe’s with $25M loan
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G.S. Wilcox & Co. secured $25.2 million in financing for the site development of a future Lowe’s Home Improvement Warehouse, which has a 20-year ground
Deals & Dealmakers
City okays Ravitch rent deal at Waterside Plaza
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By Maria Rocha-Buschel The City Council has voted to approve an agreement that will protect long-time Waterside Plaza tenants against substantial rent
Deals & Dealmakers
Fintech giant Finastra expanding into 285 Madison penthouse
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RFR Realty LLC  announced that global financial technology provider Finastra – created when Misys and D+H joined forces in June this year –
Deals & Dealmakers
Zamir settles $1M whistleblower suit for cheating on taxes
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Real estate mogul Asher Roshan Zamir has settled a $1 million whistleblower suit for cheating on his taxes. Attorney General Eric Schneiderman Attorney
uncategorized
Leading real estate voices elected to Community Preservation Corp. board
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The Community Preservation Corporation (CPC) announced the election of Ingrid Gould Ellen, Faculty Director of NYU’s Furman Center and Professor of Urban
Deals & Dealmakers
Trump looking to unravel Dodd-Frank regulation
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President Donald Trump announced last week that he would begin to dismantle financial regulations that were put into law after the economic collapse of
Debt & Equity
TRANSACTIONS: Progress Capital secures construction loan for MADDD Equities
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Progress Capital negotiated a $4,157,000 construction to permanent loan for the development of three attached 4-story mixed-use buildings located at 139-141