NYC Real Estate News

Wed, 12/11/2019 - 08:30

In an uncertain U.S. economy, real estate investment trusts have had a standout year. Overall, the sector has notched better than 25 percent total returns year-to-date, among its best performances of the decade. Those strong 2019 results came as the Federal Reserve slashed interest rates three times this year, U.S. gross domestic product grew at a slow but even pace and there remained lingering concerns about the global economy, said Haendel St. Juste, a REIT

The post Here’s why “Steady-Eddie” REITs are having a standout 2019 appeared first on The Real Deal New York.

Wed, 12/11/2019 - 08:05
New York Life Insurance Co. is the leading candidate to acquire a business from Cigna Corp. that sells insurance through employers in a transaction that would be valued at as much as $6...

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Wed, 12/11/2019 - 08:00

In a sign of the times, Manhattan’s priciest condo project this year doesn’t expect to crack $1 billion in sales. Facing an oversupply of new development condo units in the borough, this year’s most expensive condo projects have set the pricing bar far lower than in 2018, according to a TRD analysis. The total sellout price for the 10 most expensive Manhattan condo projects this year was just $3.1 billion, a 57 percent plunge from

The post Manhattan condo builders pull back as market sinks appeared first on The Real Deal New York.

Wed, 12/11/2019 - 08:00
Work has begun on the crown of Skyline Tower, aka 23-15 44th Drive, the 21st tallest building under construction in YIMBY's annual December countdown. The reinforced concrete superstructure topped out over Long Island City at 778 feet tall, making it the current tallest skyscraper in Queens and the outer boroughs. The project is designed by Hill West Architects and developed by United Construction & Development Group, FSA Capital, and Risland US Holdings LLC. Modern Spaces is the exclusive marketing and sales agency for the 802 residences, which are designed by Whitehall Interiors.
Wed, 12/11/2019 - 07:57
New York's fast-growing is getting a boost from a new law allowing the state to regulate the growth and sale of cannabis-derived extracts such as , which is soaring in popularity as a wellness...

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Wed, 12/11/2019 - 07:30
The Central Park Conservancy and The Parks Department have unveiled plans to revamp Lasker Skating Rink and Swimming Pool located in the Harlem Meer section of Central Park. Designed by Susan T. Rodriguez Architecture Design, the project arrives as one of the final components of a $150 million renewal plan for the park’s northern tip.
Wed, 12/11/2019 - 07:30

After months of rumors and speculation over where Apple and Facebook would plant their flags in New York, Mark Zuckerberg’s firm showed its hand. The social media giant signed a lease for more than 1.5 million square feet of office space across three buildings at Hudson Yards in mid-November, a major coup for developers the Related Companies, Oxford Properties Group and Mitsui Fudosan America. Related’s Stephen Winter, senior vice president of commercial leasing, said his

The post Tech leasing is on fire — and it’s not just the Facebook deal appeared first on The Real Deal New York.

Wed, 12/11/2019 - 07:16
New York's fast-growing is getting a boost from a new law allowing the state to regulate the growth and sale of cannabis-derived extracts such as , which is soaring in popularity as a wellness...

To view the full story, click the title link.
Wed, 12/11/2019 - 07:09
New York's fast-growing is getting a boost from a new law allowing the state to regulate the growth and sale of cannabis-derived extracts such as , which is soaring in popularity as a wellness...

To view the full story, click the title link.