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NYC tops national list of foreclosure activity
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New York City is seeing some of the highest foreclosure activity in the nation as pandemic-driven flight to the suburbs squeezes property owners.
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NYC construction activity at lowest point in a decade
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 A new analysis of City data reveals that the number of new construction filings in 2020 is New York City’s lowest since the wake of the Great Recession
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Lender sues over botched $200M loan deal with Gold Coast condo developer
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CW Capital Management, an affiliate of Alexander Shing’s LA-based Cottonwood Group, is suing a Chinese developer and New York based brokerage for reneging
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City passes new law to help developers get their tenants in faster
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The Department of Buildings has applauded the passage of new legislation approved earlier today by the New York City Council which removes bureaucratic
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Landlords say supers, cleaners should be among first in line for COVID vaccine
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The Community Housing Improvement Program (CHIP) is calling for New York State to designate apartment building supers and residential building staff as
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Con Ed tries pumping up with grid with electric school buses
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Con Edison has kicked off its effort to juice up its power grid with electric school buses. The tri-state utility giant is using the batteries on five
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$220M Grand Central commuter corridor opens
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A $220 million upgrade to the midtown transit system that runs through Grand Central Station has opened to the public. Designed by engineering giant Stantec
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STO adds West Coast builder to its network
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New York-based STO Building Group has added West Coast builder Abbott Construction to its network of companies. The privately held STO (formerly Structure
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Jed Resnick named CEO at Douglaston Development
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Douglaston Development, one of the largest residential and mixed-use developers in New York City, announced that Jed Resnick has been named Chief Executive
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F&T Group unveils annual art installation
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F&T Group has unveiled a new outdoor art installation at the Queens Crossing Plaza in Flushing. As part of an annual collaboration with Crossing Art
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Legion shows off renderings for new UES condo
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Legion Investment Group, led by founder and CEO Victor Sigoura, has unveiled new renderings for the company’s new ground-up condo building at 109 East 79th Street.
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More market rate renters struggling to pay their landlord
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The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 75.4 percent of apartment households made a full or partial rent payment by