Deals & Dealmakers
Industry laments new rent regulations
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The most sweeping changes ever made to New York City’s rent regulations have been roundly criticized by a real estate industry that is warning of crumbling
Deals & Dealmakers
Attorneys look for legal challenge to rent Act
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Ever since the new rent regulations — all 74 pages of them — were signed into law by Governor Andrew Cuomo on Friday, real estate attorneys have been scrambling
Featured
Banks: New regulations will worsen NYCʼs housing crisis
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Now that the new rent regulations out of Albany are the law of the land, the trouble for New York’s housing stock will simply worsen. The Real Estate Board
Deals & Dealmakers
Sale in the cards as activists call Mack-Caliʼs $6B bluff
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Office and apartment giant Mack-Cali could be worth $6.1 billon in a sale after a big vote of no confidence from shareholders gave activist investors from
Deals & Dealmakers
Krispy Kreme opening Bronx facility to feed expanding operations
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A week after unveiling a new Times Square flagship, Krispy Kreme Doughnut Corporation has signed a new lease for a commissary in The Bronx to feed its
Banking and Finance
Wells Fargo sells Eastdil Secured
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BEN LAMBERT Wells Fargo has announced the sale of Eastdil Secured, its private real estate investment banking division. The sale follows Eastdil’s management-led
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Immigration reform could bring big boost to housing market
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Chuck Schumer By Holly Dutton A handful of bi-partisan Senators, including New York Senator Chuck Schumer, formally filed an immigration bill last week
Deals & Dealmakers
Foreign investment in U.S. real estate widely underreported
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By Jason D. Meister, Avison Young In 2013, foreign direct investment (FDI) in U.S. commercial real estate achieved record numbers and big headlines.
Deals & Dealmakers
Firm turning fuel into funds for building owners
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The heat may be free in New York right now but in a couple short weeks, that won’t be the case. Advanced Power Systems International (APSI) is confident
Featured
High land prices pushing rental developments out of Manhattan
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By Konrad Putzier In other cities, a 75-percent growth in average rents over ten years might herald a new development gold rush – but not in New York.
Featured
Supermarket of the superhighway arrives in Garment District
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The Seamless of supermarkets has arrived in the Garment District. MaxDelivery is opening is second Manhattan store. Colliers just installed MaxDelivery
Construction & Design
Coalition lobbies for LaGuardia Airtrain
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ANGELA PINSKY A coalition of construction leaders has thrown its weight behind an effor to bring an Airtrain to LaGuardia Airport. Governor Andrew Cuomo