NYC Real Estate News

Tue, 07/27/2021 - 10:56

As home sales stagnated in the spring, a nationwide seller’s market saw prices continue to skyrocket. Housing prices broke records for the third consecutive month in May, surging 16.6 percent over May 2020 — the highest year-over-year jump in more than 30 years of data collected by the S&P CoreLogic Case-Shiller index. “A month ago, I described April’s performance as ‘truly extraordinary,’ and this month I find myself running out of superlatives,” said Craig Lazzara,

The post Nowhere to go but up? Home prices smash another record in May appeared first on The Real Deal New York.

Tue, 07/27/2021 - 10:51
The lawsuit is based on claims by the Justice Department that Regeneron paid charity kickbacks to boost sales of the drug

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Tue, 07/27/2021 - 10:45

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Tue, 07/27/2021 - 10:30
After facing criticism for stalled payments, New York State updates the process for tenants and landlords seeking federal rental relief (New York Post) In this seller's market, some sellers take their fixtures and appliances when they leave (The New York Times) Fannie Mae identifies...
Tue, 07/27/2021 - 10:07

The newest Moxy Hotel in New York City is moving forward with the assistance of a $130 million construction loan. Developer Lightstone Group recently secured a $90 million senior loan from MSD Partners for the planned Lower East Side hotel at 145 Bowery, in addition to $40 million in mezzanine debt from Lionheart Strategic Management, Commercial Observer reported. The 303-key hotel will be the fourth in New York City under the Moxy brand. Once completed,

The post Lightstone receives $130M construction loan for new Moxy hotel on LES appeared first on The Real Deal New York.

Tue, 07/27/2021 - 09:43
When they first worked together, renovating a home that had once been a church, they never imagined they’d eventually get married there.
Tue, 07/27/2021 - 09:30

Shorewood Real Estate Group is cooking up a mixed-use development at the site of a Food Bazaar in Jackson Heights. Shorewood filed plans with the Department of Buildings for a six story, 227,000 square foot development at 34-20 Junction Boulevard. The project would include 125 residential units and 108 parking spots, according to Crain’s. Food Bazaar parent Bogopa purchased the property for $21 million last year. It’s not clear whether the supermarket currently at the

The post Shorewood plans 227K-sq ft mixed-use project in Jackson Heights appeared first on The Real Deal New York.

Tue, 07/27/2021 - 09:30
Approval, commitment, clearance: These are some of the terms you’ll hear if you’re successful in taking out a mortgage to buy in New York City. Clearance to close is the final step in your journey towards getting the loan. Your loan officer or broker will take you through the various...
Tue, 07/27/2021 - 09:10
The eviction moratorium is set to come to an end in New York City, setting off alarms about the fate of tenants who owe months of unpaid rent and could face homelessness.
Tue, 07/27/2021 - 09:00

Will Smith and a company backed by Jay-Z are betting on a startup that seeks to make homeownership easier to obtain. Will Smith’s Dreamers VC and a company backed by Jay-Z’s Roc Nation participated in a $165 million capital raise for Landis, which seeks to help renters become owners. The funding round was led by venture capital firm Sequoia Capital and included debt and Series A equity financing. Landis has now raised $182 million since

The post Landis raises $165M with funding from Will Smith, Jay-Z–backed company appeared first on The Real Deal New York.