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Welcome to Westchester: Land of the suburban apartments
News 1 month ago
Welcome to Westchester: Land of the suburban apartments

Come to New Rochelle these days and you’ll find “dust, noise and traffic jams,” said Luiz Aragon. But the city’s commissioner of development is not...

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'Thousands' of rent-regulated units sitting empty, industry group says
News 2 months ago
'Thousands' of rent-regulated units sitting empty, industry group says

Landlords of rent-regulated apartments are holding "thousands" of vacant units off the market as a result of the changes to the rent laws that were...

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Ann Taylor is part of a failed retail experiment
News 2 months ago
Ann Taylor is part of a failed retail experiment

Ascena Retail Group Inc.'s gloomy quarterly results are a reminder not just of why the giant chain feels such enormous pressure to change. They...

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Neumann’s side bet seeks $500M property fund
News 2 months ago
Neumann’s side bet seeks $500M property fund

Adam Neumann's stint as WeWork's chief ended last month as the office-sharing venture put its initial public offering on pause - but one of his...

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Manhattan resale home prices drop most in nearly a decade
News 2 months ago
Manhattan resale home prices drop most in nearly a decade

Resale prices for Manhattan apartments tumbled the most in more than eight years, pushed down by buyer demands for discounts in a market swamped...

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Forever 21 fashion chain files for Chapter 11 bankruptcy
News 2 months ago
Forever 21 fashion chain files for Chapter 11 bankruptcy

Low-price fashion chain Forever 21, a once-hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer...

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Forever 21 at an impasse on landlord deal ahead of bankruptcy
News 2 months ago
Forever 21 at an impasse on landlord deal ahead of bankruptcy

Struggling teen retailer Forever 21 Inc. has reached an impasse in talks over a restructuring deal that would give its two largest landlords a...

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City’s historic Coca-Cola building sells for $955 million
News 2 months ago
City’s historic Coca-Cola building sells for $955 million

Talk about a fast flip: Just a month after it sold for $909 million, Manhattan's Coca-Cola building has changed hands again, this time for $955...

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Billionaires’ Row is the planned site for a ‘5-star’ drug rehab
News 2 months ago
Billionaires’ Row is the planned site for a ‘5-star’ drug rehab

An empty Midtown Manhattan building once slated for high-end condos is the planned site of a luxury, for-profit rehabilitation facility for young...

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One Vanderbilt reaches 1,401-foot pinnacle
News 2 months ago
One Vanderbilt reaches 1,401-foot pinnacle

One Vanderbilt, one of the city's most significant construction projects, today topped out at 1,401 feet tall. Developer SL Green celebrated the...

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Rockefeller Capital acquires Silicon Valley wealth firm
News 2 months ago
Rockefeller Capital acquires Silicon Valley wealth firm

Rockefeller Capital Management, the wealth adviser led by former Morgan Stanley executive Greg Fleming, is boosting its Silicon Valley credentials....

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Luxury-tower architect Leyva on economics over style
News 3 months ago
Luxury-tower architect Leyva on economics over style

MORE THAN LUXE In 2013 Leyva's firm was picked to design the first phase of the city's largest affordable-housing project in decades, Hunters Point...

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WarnerMedia expanding West Side presence
News 3 months ago
WarnerMedia expanding West Side presence

WarnerMedia is reportedly expanding its presence on the West Side. The Real Deal reported Wednesday that the company-part of AT&T through a 2018...

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Keep Hunts Point cool: Experts recommend using geothermal power
News 3 months ago
Keep Hunts Point cool: Experts recommend using geothermal power

Hunts Point could head in a new energy direction, should the city accept a leading think tank's recommendations. The Urban Land Institute debuted a...

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Keep Hunts Point cool: Experts recommend geothermal power
News 3 months ago
Keep Hunts Point cool: Experts recommend geothermal power

Hunts Point could head in a new energy direction, should the city accept a leading think tank's recommendations. The Urban Land Institute debuted a...

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Foreign investors battered by losses amid city's real estate shake-up
News 3 months ago
Foreign investors battered by losses amid city's real estate shake-up

Shanghai Municipal Investment Group isn't concerned about its local real estate projects, ones that might keep other developers lying awake at...

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$500 to Apply for an Apartment? So Much for the $20 Cap
News 3 months ago
$500 to Apply for an Apartment? So Much for the $20 Cap

Within a few days of beginning her apartment hunt this summer, Natalie Miscolta-Cameron got lucky: She found a one-bedroom walk-up she could afford...

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Owner of Martha Stewart empire gets new headquarters
News 3 months ago
Owner of Martha Stewart empire gets new headquarters

The company that purchased Martha Stewart's media and merchandising brand is moving its Midtown headquarters to accommodate the television...

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More people are leaving NYC metro area daily than anywhere else in U.S.
News 3 months ago
More people are leaving NYC metro area daily than anywhere else in U.S.

Scores of people are leaving the New York City area behind daily. New York leads all U. S. metro areas as the largest net loser, with 277 people...

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City's $1.1B leasing costs growing faster than budget, watchdog group says
News 3 months ago
City's $1.1B leasing costs growing faster than budget, watchdog group says

The city's cost to lease space for public facilities and offices is growing faster than the city budget and needs to be reined in through stronger...

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Smart-lock startup Latch secures funding and customers but causes concerns
News 3 months ago
Smart-lock startup Latch secures funding and customers but causes concerns

Before its smart locks were in one in every 10 new U. S. apartment units under construction, Latch started small: the front door of its co-founder...

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Chinese owner secures $1.1B loan against Lower Manhattan office tower
News 3 months ago
Chinese owner secures $1.1B loan against Lower Manhattan office tower

Chinese real estate investment firm Fosun International is negotiating to take a huge mortgage against 28 Liberty St., sources said. The Shanghai...

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Walk-up building sells at a discount, setting benchmark for new rules
News 3 months ago
Walk-up building sells at a discount, setting benchmark for new rules

A small apartment building in Greenwich Village just changed hands, providing an early indicator of the values of rent-stabilized properties under...

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Manhattan rents jump most since 2015
News 4 months ago
Manhattan rents jump most since 2015

Times have changed at the Upper East Side building where broker Cyla Klein has found homes for many renters. Last year, the property's landlord,...

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While public seethes over Trump donor Ross, real estate industry shrugs
News 4 months ago
While public seethes over Trump donor Ross, real estate industry shrugs

Hudson Yards developer Stephen Ross is being blasted on social media for the fundraiser he is hosting Friday for President Donald Trump. Some...

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An Amazon plan its critics (probably) can't stop
News 4 months ago
An Amazon plan its critics (probably) can't stop

Amazon is expanding in the city, and there's little the e-commerce giant's many vocal critics can do about it. The trillion-dollar firm found...

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Brooklyn Navy Yard surpasses 10,000 jobs for first time in half-century
News 4 months ago
Brooklyn Navy Yard surpasses 10,000 jobs for first time in half-century

The Brooklyn Navy Yard has hit a major milestone, surpassing 10,000 jobs for the first time since the city took control of the sprawling waterfront...

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New housing construction still lags, but multi-family unit permits boom
News 4 months ago
New housing construction still lags, but multi-family unit permits boom

The New York metro area has been increasing the number of construction jobs it's added each year since the recession of 2008, but the number of...

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City's affordable housing numbers drop, after one-time deal boosted previous numbers
News 4 months ago
City's affordable housing numbers drop, after one-time deal boosted previous numbers

Mayor Bill de Blasio said Tuesday that the city financed a record number of affordable housing units in the most recent fiscal year, inching the...

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Amazon’s New York Office Hunt Includes WeWork-Owned Lord & Taylor Building
News 4 months ago
Amazon’s New York Office Hunt Includes WeWork-Owned Lord & Taylor Building

Amazon.com Inc. CBRE Group Inc. One of WeWork's largest customers, Amazon has turned to the office-space giant in cities across the country for its...

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