NYC Real Estate News

Wed, 12/11/2019 - 10:30

Aurora Capital Associates has an idea to drive more shoppers to the Meatpacking District — literally. And there’s a twist. The real estate investment firm is exploring how the district could reimburse shoppers’ rideshare if they spend a certain amount of money. It’s a modern version of the old practice of reimbursing parking-garage fees based on mall receipts, with a new element: data-sharing. The neighborhood’s Business Improvement District, property owners and perhaps a corporate sponsor

The post Aurora Capital pitches free rides for Meatpacking shoppers appeared first on The Real Deal New York.

Wed, 12/11/2019 - 09:50
Bit by bit, New York is looking to enlarge its regulatory system for cryptocurrency. The state's top financial overseer Linda Lacewell unveiled new proposed regulations on Bitcoin and other virtual...

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Wed, 12/11/2019 - 09:45
Image by Pexels from Pixabay The New York City Council approved on Tuesday a bill requiring new buildings to be constructed with bird-friendly materials. Considered the most extensive policy of its kind in the country, the initiative mandates new glass buildings, as well as projects undergoing a major renovation, to be equipped with materials that are easier for birds to see. Each year, between roughly 90,000 and 230,000 birds die each year in New York City from colliding with glass buildings, according to the NYC Audubon.  The bill, set to take effect one year after it becomes law, requires 90 percent of […]
Wed, 12/11/2019 - 09:45

A $1 billion plan to expand Sunset Park’s Industry City complex was met with fierce opposition by local residents this week as the owner wades through a fraught approval process. Industry City is pushing for a rezoning of the 35-acre complex to allow for more retail, academic space and offices at the Third Avenue site in Brooklyn. The landlord launched the seven-month land-use review process in October, and it is to be voted on by

The post Carpenters vs. activists: Industry City’s $1B expansion brawl begins appeared first on The Real Deal New York.

Wed, 12/11/2019 - 09:21
One of my favorite New York soothsayers assured Crain's readers last week that all is well with the New York economy. Moody's senior economist predicted job growth will continue for the 11th...

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Wed, 12/11/2019 - 09:02
An 1889 Victorian in Indianapolis, a triplex condo in Portland and a custom-built house on the Animas River in Durango.
Wed, 12/11/2019 - 09:00

After more than five years of development, and much fanfare and nail-biting along the way, Brookfield Properties’ SoNo Collection opened in October in Norwalk, Connecticut. To say that a mall launch in 2019 is unusual would be quite the understatement. SoNo’s opening defies current market wisdom regarding the precarious nature of the retail sector. Malls are shrinking their footprints, and it’s been a record-breaking year for store closings, according to U.S. retail tracker Coresight Research.

The post All eyes are on the last new mall: Norwalk’s SoNo Collection appeared first on The Real Deal New York.