NYC Real Estate News

Wed, 08/05/2020 - 17:48

MetaProp, a New York-based venture capital firm, is looking to raise $200 million — its biggest fund yet — to back later-stage proptech startups. The five-year-old company disclosed the fund, dubbed MetaProp Growth Select I, in a regulatory filing with the U.S. Securities and Exchange Commission on Wednesday. Co-founder Aaron Block is listed as the fund manager. MetaProp declined to comment. But in raising a growth fund, it appears to be shifting its focus from

The post MetaProp seeks $200M to back bigger startups appeared first on The Real Deal New York.

Wed, 08/05/2020 - 17:15

Ready or not, California is poised to end its historic ban on evictions and foreclosures, a possibility that has lawmakers rushing to extend the measure. Remarks released this week by California Chief Justice Tani Cantil-Sakauye indicate that the temporary ban could be lifted as soon as Aug. 14, when the state Judicial Council will vote again. In April, the Judicial Council ruled that California courts would not process orders related to commercial and residential evictions

The post California eviction and foreclosure ban could end Aug. 14 appeared first on The Real Deal New York.

Wed, 08/05/2020 - 16:21
Representative Carolyn Maloney and City Councilman Ritchie Torres were declared winners of their New York Democratic congressional primaries, after results were delayed for six weeks by snags and...

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Wed, 08/05/2020 - 16:17
The U.S. Treasury expanded its plans for the issuance of longer-term debt in coming months, after depending mainly on shorter-dated bills to fund the federal government’s record spending surge to...

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Wed, 08/05/2020 - 16:15

A West Hollywood spec mansion tied to an heiress and accused sex cult financier has a problem with its pool. An LLC created by Clare Bronfman, daughter of former Seagram’s CEO Edgar Bronfman, has filed suit against general contractor Epic Construction and subcontractors for botching the pool design at a planned 7,000-square-foot home at 8517 Franklin Avenue. “Defendants completely failed to properly construct the pool,” states the complaint from 8517 Franklin LLC, filed Friday in

The post Heiress and sex cult financier sues over Los Angeles infinity pool appeared first on The Real Deal New York.

Wed, 08/05/2020 - 15:58
Payment Protection Program loans have come and gone, and the majority of city small businesses never saw a cent of funding. Comptroller Scott Stringer urged Congress on Tuesday to pass the RELIEF...

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Wed, 08/05/2020 - 15:25

This story was originally published in July 2020. Just over a year ago, Lyric was riding high. On the heels of a $160 million funding round led by Airbnb, the short-term rental startup was plotting a massive expansion in the spring of 2019. Employees mused about buyouts and stock options. “It was a big deal,” said a former Lyric executive who asked not to be named. “We were depending on a fundraise to grow the

The post Airbnb banked on short-term rentals. Can it continue without them? appeared first on The Real Deal New York.

Wed, 08/05/2020 - 15:14
Mayor Bill de Blasio's appointment of Dr. Dave Chokshi as the city's health commissioner on Tuesday aims to bridge the gap between the Health Department and the public hospital system. Chokshi...

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Wed, 08/05/2020 - 15:11
The shutdown of theaters has brought a market that quietly churns alongside it—play licensing—to a grinding halt.  Publishing houses, which sell the rights to put on plays, have seen their business...

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Wed, 08/05/2020 - 14:55
Typically college students can’t wait to leave their parents’ home. The same is true for BankMobile, which caters to the college crowd and is run by Luvleen Sidhu but controlled by her father, who...

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