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Office tower carbon emissions down only 30% even as workers stay home
News 1 month ago
Office tower carbon emissions down only 30% even as workers stay home

The report, which used real-time occupancy data, showed that offices began clearing out as early as March 10 in compliance with Gov. Andrew Cuomo's...

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Coach, Kate Spade reopening some stores as lockdown eases
News 1 month ago
Coach, Kate Spade reopening some stores as lockdown eases

Coach and Kate Spade will reopen hundreds of their handbag and apparel boutiques as luxury brands slowly return to business after going dark for...

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Rent cuts coming as apartment leasing slides 71%
News 1 month ago
Rent cuts coming as apartment leasing slides 71%

Apartment leasing plummeted in New York City last month-and why wouldn't it? It was almost impossible to move. Most businesses were shuttered from...

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Family Feud: Jemal brothers sue each other for stealing funds
News 1 month ago
Family Feud: Jemal brothers sue each other for stealing funds

Brooklyn real estate's version of Cain and Abel continues to flare despite the pandemic. Brothers-and discontented business partners-Steven and...

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Luxury dorm financed with municipal bonds falls into bankruptcy
News 1 month ago
Luxury dorm financed with municipal bonds falls into bankruptcy

The operator of a student housing complex built for University of Florida students fell into bankruptcy, the latest municipal bond-financed project...

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City film studios betting on strong second take after restrictions lift
News 2 months ago
City film studios betting on strong second take after restrictions lift

New York's film studios are betting big on a quick rebound for the industry when production returns from its pandemic-induced hiatus. Expansion...

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WeWork is exploring a plan to sublease its Manhattan headquarters
News 2 months ago
WeWork is exploring a plan to sublease its Manhattan headquarters

WeWork is exploring subleasing its global headquarters in Manhattan's Chelsea neighborhood, according to people with knowledge of the matter. The...

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Clipper Realty scores $329M refinancing deal on Flatbush Gardens
News 2 months ago
Clipper Realty scores $329M refinancing deal on Flatbush Gardens

Clipper Equity secured $329 million in refinancing from New York Community Bank for its Flatbush Gardens complex in central Brooklyn, the company...

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Clipper scores $329M refinancing deal for Flatbush Gardens
News 2 months ago
Clipper scores $329M refinancing deal for Flatbush Gardens

Clipper Equity secured $329 million in refinancing from New York Community Bank for its Flatbush Gardens complex in central Brooklyn, the company...

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Succeeding in development as the city shelters in place
News 2 months ago
Succeeding in development as the city shelters in place

Real estate development in New York has become very complicated. Clearly the Covid-19 outbreak and the shelter-in-place orders have dragged down...

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Why A Historic Wave Of Latino Prosperity Is Under Threat Now
News 2 months ago
Why A Historic Wave Of Latino Prosperity Is Under Threat Now

Latinos Unemployment Hit A Record High From Coronavirus Job Losses A few months ago, things were looking up for Latinos: wages were rising and...

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Pricey Brooklyn waterfront neighborhood 
is well positioned for recovery
News 2 months ago
Pricey Brooklyn waterfront neighborhood 
is well positioned for recovery

Dumbo, a stylish sweep of converted warehouses along Brooklyn's waterfront, appears to be having a so-so year. After consistently ranking as the...

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Gap sued over unpaid rent at Midtown Manhattan store
News 2 months ago
Gap sued over unpaid rent at Midtown Manhattan store

In another sign of the stress faced by retailers whose stores are shuttered by the coronavirus outbreak, Gap Inc. quit paying rent for its store...

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SL Green sells half of One Madison to Korean Pension Fund and Hines
News 2 months ago
SL Green sells half of One Madison to Korean Pension Fund and Hines

SL Green, the city's largest office landlord, announced Tuesday that it sold half of its stake in One Madison Avenue for $500 million to the Korean...

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City Council's Covid-19 relief bills shift the burden to small landlords
News 2 months ago
City Council's Covid-19 relief bills shift the burden to small landlords

To help building tenants survive the Covid-19 pandemic, the City Council is considering a series of bills which, while well-intentioned, will wind...

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How business will navigate post-pandemic world
News 2 months ago
How business will navigate post-pandemic world

Getting back to work in the post-Covid-19 world presents a host of challenges as businesses try to balance the needs of commerce with the...

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Spend our way out of recession, invest in jobs
News 2 months ago
Spend our way out of recession, invest in jobs

The coronavirus has killed thousands of New Yorkers, put millions into quarantine for months, and left our economy in a sickbed. When we move...

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Landlord plan to help rent-regulated tenants a 'PR stunt,' advocates say
News 2 months ago
Landlord plan to help rent-regulated tenants a 'PR stunt,' advocates say

A fledgling plan by the city's top landlords to funnel money to nonprofit organizations that help needy tenants met with skepticism by New York's...

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Smaller landlords will suffer if they can't collect rent
News 2 months ago
Smaller landlords will suffer if they can't collect rent

When the boiler broke recently in the small apartment building Lincoln Eccles owns in Crown Heights, Brooklyn, the second-generation Jamaican...

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Mortgage rates tumble to a record low
News 2 months ago
Mortgage rates tumble to a record low

U. S. mortgage rates fell once again to the lowest on record. What's also declining is the number of people who can benefit. The average rate for a...

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How the pandemic is speeding up the digitization of the mortgage industry
News 2 months ago
How the pandemic is speeding up the digitization of the mortgage industry

GREW UP Garg was born in India, where he lived until he was 8. His family then emigrated to the United States and settled in Forest Hills, Queens....

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Major landlords working on plan to help tenants pay rent
News 2 months ago
Major landlords working on plan to help tenants pay rent

Major city landlords are working with real estate and affordable-housing groups on a plan to help tenants pay their rent, Jeffrey Levine, chairman...

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Billionaire Reuben brothers bet big on New York City retail
News 2 months ago
Billionaire Reuben brothers bet big on New York City retail

Billionaire brothers David and Simon Reuben are buying Manhattan retail space in a significant push into the city, according to people familiar...

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Tax change tucked in federal rescue bill could help businesses left behind by PPP
News 2 months ago
Tax change tucked in federal rescue bill could help businesses left behind by PPP

Missed out on a federal loan? There might be another way to get your business some cash. As small businesses and landlords in New York struggle to...

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$2M tax break for landlords tucked in Covid-19 rescue bill
News 2 months ago
$2M tax break for landlords tucked in Covid-19 rescue bill

While landlords were left out of the federal government's small business loans, a less-noticed tax provision in the federal Covid-19 relief package...

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$2M tax break for landlords tucked inside Covid-19 rescue bill
News 2 months ago
$2M tax break for landlords tucked inside Covid-19 rescue bill

While landlords were left out of the federal government's small business loans, a less-noticed tax provision in the federal Covid-19 relief package...

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Yorkville hammers through the pandemic
News 2 months ago
Yorkville hammers through the pandemic

When it comes to the city's month-old ban on nonessential construction, loopholes abound. Hospitals, infrastructure projects and utility work were...

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Halstead Real Estate CEO on the impact of the broker-fee ban
News 2 months ago
Halstead Real Estate CEO on the impact of the broker-fee ban

WORKFORCE Halstead has 1,400 agents in 32 offices across New York, New Jersey and Connecticut. FOCUS ON FAMILY Ramirez is married to Sam Ramirez,...

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Retailers stiffed landlords in April, hoping to get better rent
News 2 months ago
Retailers stiffed landlords in April, hoping to get better rent

Let the renegotiations begin. With Covid-19 restrictions closing down most city storefronts, retailers both big and small are holding out rent and...

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Fannie-Freddie not buying problem loans has U.S. seeking fix
News 2 months ago
Fannie-Freddie not buying problem loans has U.S. seeking fix

Fannie Mae and Freddie Mac's regulator is confronting a fresh crisis for the U. S. housing market: The companies won't buy recently issued loans...

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