NYC Real Estate News

Thu, 10/15/2020 - 17:15

Few issues in California this year have generated as much debate as Proposition 15, the “split-roll” ballot measure that could raise property taxes on commercial and industrial properties for the first time in decades. Groups representing California landlords and developers have spent $20 million this year opposing Prop 15. Supporters of the bill raised about $30 million during the same period of time. Prop 15 would update Prop 13, a ballot measure passed in 1978

The post California’s Prop 15 tax measure could add housing: study appeared first on The Real Deal New York.

Thu, 10/15/2020 - 16:24

Act of God? Mall operator Unibail-Rodamco-Westfield said its lease agreements with Express cover such events, and still require the retailer to pay the rent. Now Unibail is suing Express, saying the retailer owes $30 million in skipped rent across 27 locations throughout the U.S. Fourteen of those stores are in malls in California, according to the suit, filed in Los Angeles County Superior Court. Many struggling retailers have argued the pandemic allows for missed rent

The post Unibail-Rodamco sues Express over $30M in missed rent appeared first on The Real Deal New York.

Thu, 10/15/2020 - 15:59

JLL has let go some of its high-profile brokers as the battered real estate market continues to squeeze the city’s brokerage firms. Investment sales brokers Brock Emmetsberger, Tom Gammino and Will Suarez were laid off by the firm, sources told The Real Deal. The reason was poor production as brokers across the city have struggled to complete deals during the pandemic, according to one source. Representatives for JLL did not immediately respond to requests for

The post JLL makes cuts to I-sales team appeared first on The Real Deal New York.

Thu, 10/15/2020 - 15:38
A law that allows restaurants to host outdoor dining year round, expedites the certification process for such setups and rolls back a ban on propane heaters passed City Council on Thursday in a vote...

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Thu, 10/15/2020 - 15:19
Facing extinction and with federal relief nowhere to be found, the city's nightlife scene is hoping crowdfunding can provide a bandage to get through a shutdown unlikely to end soon.   "It is...

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Thu, 10/15/2020 - 15:15

Dealpath, the data management startup backed by the likes of Blackstone and JLL, received a new capital injection from Nasdaq’s investment arm. Nasdaq Ventures provided Dealpath with the new funding to help the proptech company to expand its cloud-based platform that manages the workflow on investment transactions, the companies told The Real Deal. Nasdaq declined to divulge the size of the investment. The latest cash injection follows investments from real estate players like Blackstone, JLL

The post Nasdaq’s VC arm invests in proptech startup Dealpath appeared first on The Real Deal New York.

Thu, 10/15/2020 - 15:10
Northwell Health’s $2.5 billion expansion plan for the Lenox Hill Hospital is facing vehement opposition from health care advocates who say the project neglects communities of color because it serves...

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Thu, 10/15/2020 - 14:52
Amazon has signed yet another massive lease on Staten Island. The e-commerce giant is leasing an additional 975,000 square feet of space at Matrix Global Logistics Park, Matrix Development Group...

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Thu, 10/15/2020 - 13:45
Photo by Gluck+ Once an enclave for immigrants and the working class, and later a haven for artists, the Lower East Side’s evolution continues into the 21st century as a destination for luxury developments. While major projects like the Essex Crossing mega-development and One Manhattan Square have hogged the spotlight, more modest new buildings are also making their mark on the neighborhood, including 150 Rivington. The approachable seven-story apartment building boasts a modern glassy facade, contains 45 condo units, and a cozy landscaped rooftop with an outdoor kitchen, fireplace, and endless city views. Photo by Rise Media Developed by Cogswell Realty and Gluck+, the condo project replaced Streit’s Matzo […]