NYC Real Estate News

Tue, 09/27/2022 - 18:36

An investigative unit identified more than $11 million in false claims in August and is on pace to find $110 million in fraudulent claims by year's end

Tue, 09/27/2022 - 18:21

The move follows an announcement last month by the ride-share service that it would reduce physical office space in its largest U.S. markets

Tue, 09/27/2022 - 16:59

The penalties are the largest-ever levied against U.S. banks for record-keeping lapses

Tue, 09/27/2022 - 16:36

One of the most volatile commodity markets of the pandemic is sounding a similar note to yesteryear. Lumber prices are at their lowest level in more than two years, the Wall Street Journal reported. Futures ended Monday at $411 per thousand board feet, down more than 70 percent from the peak six months ago. Wood prices have been tumultuous since the onset of the pandemic. Prices collapsed as everything in the world slowed to a

The post Lumber prices splinter amid rising interest rates appeared first on The Real Deal New York.

Tue, 09/27/2022 - 16:07

The effort would be one of the largest infrastructure projects ever to take shape in the region

Tue, 09/27/2022 - 15:56

Office occupancy dipped slightly to 46% for the week ending Sept. 21

Tue, 09/27/2022 - 15:34

Vornado Realty Trust is moving forward with plans to expand the Otis Elevator Building as part of a new 340,000-square-foot office complex. The real estate investment trust recently filed an application seeking zoning changes that would allow for a glassy, two-story expansion on the roof of 260 11th Avenue. Vornado also plans to construct a nine-story building on a vacant portion of the site. The new building would have an atrium that connects to the

The post Vornado lays out vision for Otis Elevator Building complex appeared first on The Real Deal New York.

Tue, 09/27/2022 - 14:31

Multifamily developers in the Town of Hempstead have hit a major roadblock. The Hempstead Town Board unanimously approved a six-month moratorium on the building of homes and apartments in the villages of North Lawrence and Inwood, Newsday reported. The vote reverses an overlay zoning district and transit-oriented development district in the Nassau County municipality that would’ve allowed for more than 1,000 apartments to be built. Members of the board proposed the moratorium after residents revolted

The post Shovels down! Hempstead Town halts development in two villages appeared first on The Real Deal New York.

Tue, 09/27/2022 - 14:00
Photo courtesy of Chris Lee David Geffen Hall, the new home of the New York Philharmonic, is set to open to the public on October 8. To celebrate the opening, the hall is hosting a series of events throughout October, beginning with the world premiere of San Juan Hill: A New York Story by composer Etienne Charles. After two celebratory galas, an open house weekend will take place on October 29 and 30, featuring hundreds of artists who will be “animating the hall with performances, participatory activities, and family events,” according to a press release. Photo courtesy of Michael Moran In 2004, plans to […]
Tue, 09/27/2022 - 13:52

Carlo's Bakery is opening a Times Square location, and a pair of Williamsburg buildings hit the market