Featured
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
Deals & Dealmakers
Massey blames de Blasio-Cuomo feud for city’s housing woes
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Paul Massey, the Cushman & Wakefield executive turned mayoral candidate, is putting the blame for New York City’s affordable housing crisis on the
Residential
Op-ed: To meet housing needs, public-private partnerships a must
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By Amir Sobhraj, CFO, Zara Realty Few would deny that one of the most pressing needs in New York City is quality affordable housing. AMIR SOBHARJ We’ve
Deals & Dealmakers
Report: De Blasio on pace to meet housing target with 25,342 units since 2014
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The cityʼs Building Congress has given Mayor Bill de Blasio a pat on the back for effort in trying to build more affordable housing. “Shortly after taking
Debt & Equity
CPC, Goldman Sachs creates $70M loan facility for affordable homes
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The Community Preservation Corporation, a non-profit affordable housing and community revitalization finance company, and Goldman Sachs have created $70
Deals & Dealmakers
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.
Views
Tax break 421a provides opportunities for developers and residents alike
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HEIDI BURKHART By Heidi Burkhart, president and founder, Dane PCG I have heard a lot of criticism of the 421-­a affordable housing program, which some
Deals & Dealmakers
Florida firm to convert Jehovah’s Witnesses building into luxury senior housing
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Florida private equity firm Kayne Anderson Real Estate Advisors has just acquired a residential property owned by the Jehovah’s Witnesses.
Deals & Dealmakers
GDC Properties closes on $106M deal for Connecticut apartments
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GDC Properties closed on a $105.9 million deal earlier this week for an apartment community in Norwalk, Connecticut. Represented by the in-house team of
Deals & Dealmakers
City adds 10,000 units to housing target to address rising homelessness
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New York City’s affordable housing plan got a revamp from the Department of Housing Preservation and Development, amid recent criticism over homelessness
Deals & Dealmakers
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
Featured
The biggest issues facing NYC’s residential market
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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