NYC Real Estate News

Mon, 03/01/2021 - 13:12
Photo by Florian Wehde on Unsplash Today marks one year since the first COVID-19 case was detected in New York. It’s been a long and painful 365 days, but we are finally starting to see the light at the end of the tunnel. More than 8 percent of New Yorkers have been fully vaccinated, and we have reopening dates for nearly every aspect of city living, including sports stadiums and arenas, restaurants, events, museums, weddings, amusement parks, movie theaters, and travel. Ahead, we’ve put together a list of all the reopening dates and details in New York City. We’ll be updating this […]
Mon, 03/01/2021 - 12:35

Equitable Life Insurance is moving its New York office by three blocks. The financial company will take 130,000 square feet at Fisher Brothers’ 1345 Avenue of the Americas, Commercial Observer reported. It will vacate its current location at 1290 Sixth Avenue, a 43-story office tower owned by Vornado Realty Trust and the Trump Organization, Commercial Observer reported. Equitable will move into its new office in 2023. The exact length of the new lease was not

The post Equitable Life Insurance inks 130K sf lease for new office appeared first on The Real Deal New York.

Mon, 03/01/2021 - 12:29
Gov. Andrew Cuomo acknowledged for the first time Sunday that some of his behavior with women "may have been insensitive or too personal,” and said he would cooperate with a sexual harassment...

To view the full story, click the title link.
Mon, 03/01/2021 - 12:27

UPDATED, Mar. 1 2021, 1:15 p.m.: April Fool’s Day came a month early for New York’s biggest real estate industry group and a City Council member, who were targeted by a “cancel rent” cyber prank. A bogus website mimicking that of the Real Estate Board of New York went live on Monday, claiming that the trade association had canceled rent at its members’ properties. The fake was immediately seized upon and disseminated by a tenant

The post Phony website falsely claims REBNY cancels rent appeared first on The Real Deal New York.

Mon, 03/01/2021 - 12:10
Senate Democrats are jettisoning a proposal to use the tax code to penalize corporations that don’t raise the minimum wage for their lowest-paid workers in an effort to keep President Joe Biden’s...

To view the full story, click the title link.
Mon, 03/01/2021 - 12:00

Manhattan’s luxury market is on a four-week streak the likes of which it has not seen since 2015. In February, 144 homes asking more than $4 million — or $1.18 billion altogether — went into contract in the borough, according to Olshan Realty. The last time the market had such a month was in early 2015 when 138 properties asking $1.2 billion went into contract. Last week alone saw 40 contracts inked, according to Olshan’s

The post Manhattan luxury market has best month in six years appeared first on The Real Deal New York.

Mon, 03/01/2021 - 11:56
President Joe Biden’s plans for a new era of tough Wall Street oversight will take center stage this week when two of his top regulator picks face questions from Senate Banking Committee members at a...

To view the full story, click the title link.
Mon, 03/01/2021 - 11:28
Screenshot of Women’s History Tour map; Courtesy of Village Preservation On the first day of Women’s History Month, a preservation group is renewing calls to landmark nearly two dozen sites related to women’s history in New York City. Village Preservation on Monday kicked off a campaign effort urging the city’s Landmarks Preservation Commission to designate several buildings located south of Union Square that have a connection to trailblazing women, organizations, or historic events. It’s part of the group’s broader effort to protect nearly 200 buildings in the area which is slated for new development. The Union Square South area stretches from Third to Fifth Avenues between 9th and 14th […]
Mon, 03/01/2021 - 11:21

After an awful year for much of the real estate world, executives see full recovery not happening this year or even next, yet are optimistic about their own firms’ immediate future. A survey of real estate executives found 85 percent see 2021 as a year of opportunity for their companies, but 70 percent said that the commercial real estate sector will not return to pre-Covid levels until at least 2023. “You scratch your head,” said

The post These are real estate executives’ worst worries for 2021 appeared first on The Real Deal New York.

Mon, 03/01/2021 - 10:22

New York’s road to economic recovery is going to be long, but city officials want to speed things up by making Covid-19 tests easier to access. The New York City Economic Development Corporation, which bolsters economic growth in the city, plans to work with researchers from Columbia University to produce a rapid Covid test that would be available to the city directly, the Wall Street Journal reported. The group plans to award $164,000 to Dr.

The post To boost economy, NYC will invest in rapid Covid test appeared first on The Real Deal New York.