Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
For many minority developers, building the necessary capacity and experience to win a steady stream of work in New York City has been an...
Cuomo adds housing to $51B Midtown West project
Real estate trade groups reconsider donations after Capitol unrest
These are the companies dumping the Trump Organization
Nir Meir seeks to throw out Hamptons ejection suit
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Tri-State
Suffolk County home sales up 33% from a year ago
Home sales in Suffolk County surged in December, echoing the activity in New York’s sales and rental markets after...
7 Manhattan hotels head to auction block
Seven Manhattan hotels are hitting the auction block. The portfolio, owned by a joint venture between Hersha Hospitality Trust and Chinese investment firm Cindat Capital Management, is scheduled to be auctioned on Jan. 21...
Brooklyn sales jumped 82% in the fourth quarter
In the before times, New York’s residential sales market functioned on a natural rhythm of seasonality. Spring was good;...
National
Porch snaps up four startups for over $122M
Porch isn’t wasting time on the acquisition front: Just three weeks after going public, the home-services startup scooped up four companies for $122 million. The Seattle-based company said it inked a deal to buy...
Sponsored
To sell luxury, developers are reimagining the kitchen
Everything has changed. How we work. Where we work. What we do and when we do it. For high-end...
NBA owes Moinian $7.5M in rent for Fifth Ave store
Talk about a foul: The NBA Store at 545 Fifth Avenue, which has remained closed throughout the pandemic, now...
National
Silicon Valley exodus: Where’d everyone go?
As the pandemic rages across the U.S., it’s unclear when employees will be able to return to their offices....
National
Treasury quits bid to privatize Fannie Mae, Freddie Mac
The Trump administration, which has a lot going on in its final days, is dropping its effort to return...
Inside The National issue
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NYC loses $2.5B in property taxes, gets $1B from FEMA
Property tax revenue did not plunge with the city’s economy last year because assessments preceded the pandemic. This year,...
National
Biden’s $1.9T package would extend eviction ban, boost rent relief
President-elect Joe Biden on Thursday outlined a $1.9 trillion emergency relief plan that would have major consequences for real...
Nir Meir seeks to throw out Hamptons ejection suit
Former HFZ Capital Group executive Nir Meir is asking a court to throw out a case seeking to eject...
National
Real estate trade groups reconsider donations after Capitol unrest
Last week’s violence at the U.S. Capitol Building has led many banks and corporations to rethink their approach to...
Who’s buying and selling Manhattan homes? Last month’s notable deals
The city’s for sale, but who’s laying down millions and buying in? Michael Nierenberg of New Residential Corp. and...
The 10 biggest new project filings in NYC
Opponents chased Amazon’s proposed second headquarters away from Long Island City, but that hasn’t stopped a wave of new projects from coming to the neighborhood. Of the 10 biggest new building applications filed in...
Cuomo adds housing to $51B Midtown West project
The state’s massive development plans for the area surrounding Penn Station now includes affordable housing. Gov. Andrew Cuomo announced...
Miami
Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion
Serena Williams sold her Palm Beach Gardens home for $2.8 million, months after buying baseball player Yadier Molina’s Jupiter mansion. The tennis pro, who...
Tri-State
Former ad exec asks staggering $175M for Hamptons estate
In February, billionaire Ken Griffin purchased Calvin Klein’s seven-acre Southampton home for $84 million — the year’s most expensive...