NYC Real Estate News

Thu, 01/19/2023 - 14:49

KKR is pumping the brakes on withdrawals from its real estate investment trust, mirroring similar moves by Blackstone and Starwood Capital amid a rising number of redemption requests from shareholders. The private equity firm’s KKR Real Estate Select Trust disclosed in a regulatory filing Wednesday that investors holding more than 8 percent of the vehicle’s roughly $1.6 billion in net assets sought to withdraw their money during a first-quarter offering period, far exceeding a quarterly

The post KKR clamps down on REIT withdrawals, joining Blackstone, Starwood appeared first on The Real Deal New York.

Thu, 01/19/2023 - 14:18
Photo of High Street station entrance by The All-Nite Images on Flickr New York City subway stations that lie beneath the city’s rivers may expose commuters to higher levels of harmful pollutants compared to other stations, according to a study published this month. Known as the “river-tunnel” effect by researchers, tunnels that are beneath water have limited ventilation, which ends up trapping harmful particles, according to scientists from New York University’s Grossman School of Medicine. According to the research, stations neighboring river tunnels had 80 to 130 percent higher concentrations of potentially dangerous particles compared to stations only a few stops away. In a […]
Thu, 01/19/2023 - 13:48

At an oversight hearing, members said unlicensed marijuana sales will butt in on legal weed market

Thu, 01/19/2023 - 13:45

New York City’s happiest sellers are in Brooklyn. The borough was home to the lion’s share of bidding wars last quarter, according to StreetEasy data. Out of the top 10 neighborhoods where transactions went above ask, eight were in King’s County and two in Queens. Brooklyn’s Carroll Gardens neighborhood was home to the most bidding wars, where half of all transactions traded above asking price. It also claimed the highest median asking price among the

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