NYC Real Estate News

Plus: State establishes $20M partnership with five labs for Covid variant tracing SoHo medical billing startup adds $25M in funding Hackensack Meridian gets $6.4M federal grant to...

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Just 40 miles from Midtown, the Morris County township offers striking scenery, wilderness trails and housing that’s ‘great value for your money.’

Just 40 miles from Midtown, the Morris County township offers striking scenery, wilderness trails and housing that’s ‘great value for your money.’

CoStar Group’s second quarter profits fell after a strong first quarter even as traffic on its analytics and online marketplace jumped. The real estate data giant posted $61 million in net income from April through June, down 17.5 percent from the $74 million in Q1, it reported Tuesday afternoon. Second quarter profits were about flat compared to the same period in 2020, when the pandemic first took hold. Before the start of 2021, the company

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The Chetrit brothers are using some of their Uniqlo cash to buy a stake in a $400 million apartment portfolio. Isaac and Eli Chetrit are in contract to acquire a roughly 50 percent interest in a group of Manhattan multifamily buildings owned by Josh Gotlib’s Black Spruce Management for approximately $200 million, sources told The Real Deal. The recapitalization values the 60-building portfolio at about $400 million, and comes as the city’s investment sales market

The post Chetrits to invest $200M in Manhattan apartment portfolio appeared first on The Real Deal New York.

Screenshot taken on 7.27.21 of the CDC’s transmission map With the Delta variant and low vaccination rates causing some states to see record-high Covid rates, it was almost inevitable that the CDC would reverse its May guidance that vaccinated individuals can remove their masks indoors. And today, the federal agency issued new guidance that says even those fully vaccinated should “wear a mask indoors in public” in areas “of substantial or high transmission.” While New York City’s infection rates and hospitalizations remain much lower than a lot of the country, we are not immune to Delta’s effect, and all NYC counties […]

If at first you don’t succeed, try, try again. At least, that’s Matt Lauer’s plan for selling his massive Hamptons estate on the Peconic River. The disgraced former “Today” show host has attempted to unload his home in North Haven on and off for years. He has now put it back on the market with a price of $44 million, according to the New York Post. The home covers almost 14,000 square feet and sits

The post Matt Lauer exposes Hamptons estate to the market appeared first on The Real Deal New York.

Findings from the program can offer valuable insight to officials around the country considering a similar program

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The Brooklyn tech company is hoping to engender goodwill with the city

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The proptech revolution is accelerating as building operators turn to big data to monitor everything from tenant relations to their properties’ energy use. “Companies are making every piece of information available to every single person in the organization,” Anita Kramer, senior vice president at the Urban Land Institute Center for Capital Markets and Real Estate, said in an interview. “That’s powerful.” In a new ULI survey, real estate owners and operators cited data analytics as

The post Proptech revolution grows as landlords turn to big data to manage properties appeared first on The Real Deal New York.