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The biggest issues facing NYC’s residential market
05
New York City’s residential market is no stranger to ups and downs, as veterans of the business know all too well. External factors, like the current low
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90 Sands Street sale closes for $170M, former hotel to house homeless
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RFR Realty has closed its sale of 90 Sands Street in Dumbo to a low-income housing developer for $170 million, according to city records.
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Harlem bus depot plan to include low-income housing
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The city is set to build homes for some of the city’s poorest residents at the site of a former bus depot on 126th Street in Harlem.
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Hines building 15-story apartment tower for seniors in Midtown East
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Development giant Hines has formed a joint venture with capital partner, Welltower Inc., to build a 15-story apartment tower for New Yorkʼs senior citizens.
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Joint venture partnerships about more than the bottom line
06
By Osei Rubie, founder & president, National Standard Abstract The multifaceted housing development sector of New York’s real estate market involves
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Landlords group RSA attacks De Blasio housing policies with ad campaign
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The city’s largest landlord group is coming out against Mayor Bill de Blasio’s housing policies, arguing that the squeeze on their profits is putting jobs in danger.
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Greystar eyeing student, senior housing in NYC
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Greystar Real Estate Partners, which claims to be the largest operator of apartments in the country, is looking to expand its portfolio with projects that
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Habitat for Humanity partnership acquires land for 25-unit Brooklyn housing project
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A partnership led by affordable housing developer Habitat for Humanity New York City will build a 25-unit affordable housing development in Brownsville, Brooklyn.
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Report: Stagnant wage growth stunting US home ownership
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Home-ownership is an exclusive club in America, one that is aging, wealthy and still largely white. A thriving economy with low unemployment, rising home
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City Council approves MIH, ZQA in lopsided vote
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The biggest components of the mayor’s affordable housing plan have just sailed through the New York City Council’s Subcommittee on Zoning and Franchises.
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Netflix gives $25M to ending racism in housing
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Streaming behemoth Netflix is giving $25 million to a national effort to combat systemic racism in housing. Enterprise Community Partners, the non-profit
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Bursting at the Seams: Population surge pushing housing shortage to extreme
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The numbers don’t lie – New York City is in the midst of a housing crisis. New York University (NYU) Furman Center released its annual State of New