NYC Real Estate News

Wed, 02/01/2023 - 12:03

Developers might get an extra four years to complete projects that were in danger of losing a property tax break that some call essential to getting financing. As part of her executive budget released Wednesday, Gov. Kathy Hochul proposed extending the construction deadline for New York City projects grandfathered under the now-expired 421a program. Developers raced to qualify for the tax exemption by completing foundation elements by June 15, 2022, but still need to finish

The post Hochul: Extend the 421a deadline for construction appeared first on The Real Deal New York.

Wed, 02/01/2023 - 12:01

A suggested relief package includes $300 million in one-time state funding

Wed, 02/01/2023 - 12:00

The budget proposal, released Wednesday, offers few details on future incentives for developers

Wed, 02/01/2023 - 12:00

The governor's budget, released today, does not propose a specific replacement program

Wed, 02/01/2023 - 12:00

Its co-founders describe the platform as LinkedIn meets TikTok meets MasterClass

Wed, 02/01/2023 - 11:52

The company says its Fifth Avenue and Times Square properties have fallen in value by 30% since 2019

Wed, 02/01/2023 - 11:45

James Dolan’s MSG Entertainment plans to keep the iconic arena right where it is, despite calls to overhaul the transit hub underneath. The Garden told city officials he would seek a permanent special permit to keep the Garden operating at 4 Pennsylvania Plaza, the New York Times reported. The arena’s 10-year special permit is due to expire in July. Chief executive Dolan has been down this road before, as 2,500-seat arenas in the city require

The post Madison Square Garden seeks permanent permit appeared first on The Real Deal New York.

Wed, 02/01/2023 - 11:34

Leading up to Hochul's decision, providers worried the bill, which would expand the damages recoverable in wrongful-death lawsuits, would increase costs for health care organizations

Wed, 02/01/2023 - 11:00
President Biden hosted a press conference in NYC to discuss the Hudson River Tunnel Project on 1/31/23; Photo: Michael Appleton/Mayoral Photography Office President Joe Biden made an appearance at Hudson Yards on Tuesday to announce a $292 million investment for a project that would fix a century-old rail tunnel and build a new one under the river between New York and New Jersey. The $16 billion Hudson River tunnel project is just one part of the broader $30 billion Gateway Project, which includes new bridges and the expansion of Penn Station. The funding announced by Biden will go toward a $649 million project […]
Wed, 02/01/2023 - 10:30

Stefan Soloviev isn’t going it alone in the hunt for a casino in Manhattan. Mohegan is joining the Soloviev Group’s bid for a casino license in Midtown East, the New York Times reported. The casino and resort operator is joining other household names in entertainment like Wynn Resorts and Caesars, which have teamed up with some of the biggest names in New York City development angling for one of three licenses. Soloviev’s plans for a

The post Soloviev partners with Mohegan on casino bid appeared first on The Real Deal New York.