New York City
Airbnb Drives Up New York City Rents: McGill University
Airbnb rentals have reduced the supply of housing in New York City so sharply in the last three years that… Read more
Top Seller James Nelson Joins Avison Young
James Nelson will join Avison Young as principal starting in February. “James is consistently a top producer and, unquestionably, one… Read more
$110M Financing Arranged for King of Prussia MF
New York City-based Meridian Capital Group arranged $110 million in balance sheet financing for 251DEKALB, a five-building multifamily apartment complex… Read more
New York City’s Hottest Neighborhood Revealed: New Research From PropertyShark
East New York will continue to be the hottest neighborhood in New York City, according to the 2018 Market Predictions… Read more
Moinian Raises $175M on the Tel Aviv Stock Exchange
An affiliate of real estate giant The Moinian Group, based in New York City, has raised $175 million by issuing… Read more
Amazon Reveals Contenders for $5B HQ2
The short list of cities still in the running for Amazon’s $5-billion HQ2 includes 20 metropolitan areas. The giant Seattle-based e-commerce… Read more
Top NYC Apartment Deals Revealed!
New York City investors spent a total of $578.2 million to buy 57 apartment buildings in November in 40 separate… Read more
New Statue of Liberty Museum Tops Out
Roughly a year after construction started, workers lifted the final structural beam into place at a ceremony at the new… Read more
FEMA Plans New Flood Maps for New York City
Federal officials are redrawing the flood maps for New York City for the first time in three decades. The results… Read more
New York Streets Safer — Fewest Pedestrian Deaths Ever in 2017
New York City saw the fewest traffic fatalities on record last year, driven by a 32% drop in pedestrian deaths.… Read more
Predatory Equity Law Calls for “Speculation Watch List”
New York City’s new Predatory Equity law (Intro 1210-A) targets rent-regulated apartment buildings that have recently sold where tenants are… Read more
Siemens Leases 35K-SF at One Penn Plaza
Siemens is moving its New York City offices to a 35,000-square-foot space at One Penn Plaza, a 57-story, 2.7-million-square-foot office… Read more
Office Vacancy Rate Remains Flat, Asking, Effective Rents Increase
Maintaining a steady balance between added supply and positive net absorption, the office market recorded no change in vacancy for… Read more
Jailed Landlord Steven Croman Pays Another $8M
Jail time and $5 million in fines was not enough for notorious landlord Steven Croman. The owner of more than… Read more
Raine Group Comes to Park Avenue Tower
The Raine Group signed a lease for 33,253 square feet of space at Park Avenue Tower, a 620,000-square-foot office building… Read moreVisit the Cornell Tech Campus on Roosevelt Island (Video)
Big things are happening at the new Cornell Tech Campus at Roosevelt Island. “This urban campus is where engineering technology… Read more
Homeless “Cluster Site” Buildings to Be Bought or Seized
City officials plan to help nonprofit developers buy up “cluster site” buildings — apartments that are currently used to house… Read moreWomen in Real Estate Honoree: Darcy Stacom, CBRE
The Wall Street Journal named Darcy Stacom “Queen of the Skyscrapers.” Most recently as chairman of New York City capital… Read more
NYC’s Most Expensive Neighborhood for 2017 Revealed
TriBeCa is still the most expensive residential neighborhood in New York City in 2017, with a median sale price of… Read more