Deals & Dealmakers
Report: 30% of NYC millennials still living with their moms
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While most young adults start their post-college existence with a new job and a new apartment, many millennials are moving back home because of rising
Deals & Dealmakers
On the scene: GFI gets exclusive at 962 Myrtle, 110 Madison Avenue sold
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AGENTS GFI Realty Services announced that it has been named the exclusive sales agent for 962 Myrtle Avenue, a four-story mixed-use building in the Bedford-Stuyvesant
Deals & Dealmakers
Banks: Politicians making housing crisis worse
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The president of the city’s biggest real estate lobby has criticized politicians and NIMBYism, saying the efforts to stall development are keeping much-needed
Deals & Dealmakers
Carnegie Hall Tower reels in another tenant
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Another deep-pocketed tenant has signed a lease at the Carnegie Hall Tower. TR Winston & Company, a privately held investment banking firm, has leased
Residential
NEW DEVELOPMENT: Sales underway at 45 Park; Leasing starts at Henry Hall
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● SOHO PROPERTIES Sales gets underway at 45 Park Soho Properties has begun sales at 45 Park Place, a collection of contemporary loft and tower residences in Tribeca.
Deals & Dealmakers
Judge upholds rent freeze for over a million rent-stabilized tenants
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By Sabina Mollot On Tuesday, a judge ruled against a landlord group that had sued to undo the rent freeze for over a million stabilized tenants in New York City.
Construction & Design
Construction safety bill Intro 1447 officially signed into law
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Mayor Bill de Blasio signed the Intro 1447-C bill, the controversial safety construction bill that had support from several trade organizations but was
Deals & Dealmakers
Real estate finance firm Dwight Capital takes 20,000 s/f at The Georgetown Company’s 787 11th Avenue
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Real estate finance and investment firm Dwight Capital signed a 10-year lease for 20,000 s/f at The Georgetown Company’s 787 11th Avenue.
Retail
Thor showing a sweet spot for Soho shops
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Joe Sitt Thor Equities added another SoHo property to its holdings in the premier fashion and retail corridor. Company executives confirmed the acquisition
Debt & Equity
Magnum refinances Village rental with $62M package
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Magnum Real Estate has recapitalized its East Village rental with a $63 million loan from Santander. JLL’s Capital Markets experts arranged the financing
Deals & Dealmakers
Tributes flow for workers’ rights champion, Hector Figueroa
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Héctor Figueroa, president of the country’s largest building workers union, 32BJ SEIU, died on Thursday, July 11, at the age of 57. The union said in a
Featured
Survey shows election is keeping home buyers at a distance
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The prices for New York City real estate continue to hover near record highs. However, one factor is said to be keeping buyers at a distance.