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Manhattanʼs rising rents lift Queens to new heights
07
Queens is basking in the glory of record high Manhattan rents. By Linda O’Flanagan Nervous luxury buyers have given Manhattanʼs rental market a shot in the arm.
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Bronx construction starts on pace to break $2B for third year in a row
08
A rising tide a lifts all ships and the rushing current of capital flowing into New York has once again buoyed development in the city’s most cash-strapped borough.
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Co-living concept charms another $40M out of eager US investors
08
New York-based co-living company kicked off the New Year announcing a $40 million Series C funding round led by Norwest Venture Partners. The deal brings Common’
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Extell lands $1.1B loan for Central Park Tower, worldʼs tallest apartment building
07
Extell Development Company announced Tuesday that the company closed on its largest construction loan to date for Central Park Tower on December 29, 2017.
Residential
SELLING POINTS: KRE group continues to bolster NJ apartment portfolio; George Comfort buys Wʼchester office park
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●KRE GROUP / VERDE CAPITAL KRE adds more multifamily KRE Group, in partnership with Verde Capital, has acquired a 304-unit garden-style apartment property
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In Jersey City, owners say amenities are more important than ever
06
Jeremy Kaplan, Kushner Real Estate Group; Stephanie La Raja, Lyft; Jonathan Schwartz, BNE Real Estate Group; Mitch Bodner, Building &
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Macklowe looking to stand out in Greenwich Village with 21 East 12 Street
07
Rising 23 stories above 12th Street and University Place, to say that 21 East 12th Street stands out would be an understatement, with its tall stature
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Citi Habitats teams up with TheGuarantors
07
Citi Habitats has formed an alliance with financial technology firm TheGuarantors – designed to help streamline the apartment leasing process for the firm’s
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Down the hole: Even down payments on NY homes are astronomical, study says
08
It would take a person earning a median income 116 years to pay for a 20 percent down payment on a home in Brooklyn Heights, making the neighborhood almost
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NAR: No recession on this horizon
07
A group of top economists arrived at a consensus 2020 economic and real estate forecast at the National Association of Realtors’ first-ever Real Estate
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New York investment sales continue to tumble
07
Investment sales remain on the decline in New York City, dropping below $17 billion during the second half of last year. Total consideration dropped by
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Longtime owner sells Bronx 263-unit portfolio for $47M
08
Eastern Consolidated announced the sale of a six-building, 263-unit, 282,682 s/f multifamily portfolio in the Highbridge section of the Bronx for $47 million.