NYC Real Estate News

Wed, 11/25/2020 - 07:30
SL Green recently celebrated the commencement of construction at One Madison Avenue, a new 1.4-million-square-foot office building in the Flatiron District. The project entails the expansion and redevelopment of an existing 13-story structure into a 27-story Class A office building.
Wed, 11/25/2020 - 07:30

A lawsuit’s demise secured Inwood’s rezoning this week, but the litigation may have done lasting damage to some projects. The state’s highest court on Monday rejected a bid to appeal a lower court’s reinstatement of the rezoning, paving the way for the creation and preservation of 5,000 affordable housing units. When the City Council approved zoning in 2018 to encourage housing construction, the economy was humming and the city’s coffers were overflowing. Now developers and

The post Inwood developers outlasted lawsuit, but damage is done appeared first on The Real Deal New York.

Wed, 11/25/2020 - 07:00

As the holiday season kicked off, buyers and homeowners got hungry for home financing. An index tracking the number of mortgage applications to purchase homes increased 4 percent last week, seasonally adjusted, compared to the prior week, according to the Mortgage Bankers Association’s weekly survey. It was the second consecutive weekly increase for the metric, known as the purchase index. The index had not grown for seven straight weeks until the second week of November.

The post Mortgage requests surge ahead of Thanksgiving appeared first on The Real Deal New York.

Wed, 11/25/2020 - 07:00
Permits have been filed for a 31-story hotel high rise at 32 West 48 Street in Midtown's Diamond District. Located between Rockefeller Plaza and Sixth Avenue, the interior lot is half a block east of the 47-50 Streets-Rockefeller Center subway station, serviced by the B, D, F, and M trains. Extell is listed as the owner behind the applications.
Wed, 11/25/2020 - 06:30
Permits have been filed for an eight-story mixed-use building at 113 East 184th Street in Fordham Heights, The Bronx. Located between Morris Avenue and Creston Avenue, the interior lot is near both Fordham Road subway stations, serviced by the 4, B, and D trains. Gjek Popaj is listed as the owner behind the applications.
Wed, 11/25/2020 - 05:30
Plus: Lessons learned from city’s surge could help other hospitals, report finds Ad Council launches $50M Covid vaccine education campaign ENT and Allergy inks deal for new Lake...

To view the full story, click the title link.
Wed, 11/25/2020 - 05:03
Best known as the site of Six Flags Great Adventure, this Ocean County township is drawing new residents with its relatively affordable home prices.
Wed, 11/25/2020 - 05:00
Best known as the home of Six Flags Great Adventure, this Ocean County township is drawing new residents with its relatively affordable home prices.
Wed, 11/25/2020 - 03:00
Portraying itself as a good guy in a seedy corner of home sales, Divvy has received mixed early reviews. But the bulk of its clients will soon have to decide whether to buy or back out.
Tue, 11/24/2020 - 19:18

With the city gripped by recession, Mayor David Dinkins didn’t want to lose Morgan Stanley, a major taxpayer and employer, to the suburbs. In 1992, the city and state offered the investment bank nearly $40 million in tax credits and other incentives to keep its Midtown headquarters rather than move 4,000-plus employees to Stamford, Connecticut. “That was really a turning point in keeping major businesses in the city,” said Carl Weisbrod, of HR&A Advisors, who

The post Dinkins is gone, but his real estate legacy lives on appeared first on The Real Deal New York.