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How co-ops are coping with a changing world
Oct 3, 2023

How co-ops are coping with a changing world

Lisa Lippman cut her teeth selling uptown co-ops. When the Brown Harris Stevens broker started her career 25 years ago, Manhattan’s aristocracy reigned at the “good buildings” on Fifth and Park, whil…
Tenant advocates react to RSA and CHIP’s lawsuit
Jul 18, 2019

Tenant advocates react to RSA and CHIP’s lawsuit

Real estate attorneys and lobbyists believe two landlord groups’ constitutional challenge to New York’s rent regulations could ultimately eliminate the practice of rent stabilization altogether. To th…
Pied a Terre Tax | Real Estate Purchase Taxes
Jan 1, 2000

Pied a Terre Tax | Real Estate Purchase Taxes

For a roughly eight-week stretch, New York real estate players were facing a doomsday scenario in the form of a looming pied-à-terre tax that had garnered broad support in Albany. But over the course …
Governor Phil Murphy | Millionaires' Tax | SALT Deduction
Jan 1, 2000

Governor Phil Murphy | Millionaires' Tax | SALT Deduction

When Phil Murphy beat out then-Lieutenant Gov. Kim Guadagno to clinch the gubernatorial seat in New Jersey last November, his victory was a big win for Democrats in the state, where the party already …
Opportunity Zones | Capital Gains Tax Incentives | Trump Tax
Jan 1, 2000

Opportunity Zones | Capital Gains Tax Incentives | Trump Tax

At 9800 Grape Street in the Watts neighborhood of southern Los Angeles, gone are the low-rise complexes that were the epicenter of the Rodney King riots. In their place stand rows of wood-frame skelet…
What Millionaires Tax Means for New Jersey’s Thriving Luxury Market
Jan 1, 2000

What Millionaires Tax Means for New Jersey’s Thriving Luxury Market

This year’s spring housing market came a couple of months later than usual to the leafy suburbs of New Jersey. But it was worth the wait. Michele Kolsky-Assatly, a veteran agent with Coldwell Banker f…
How Lincoln Park condo developers compete for teardowns
Nov 12, 2024

How Lincoln Park condo developers compete for teardowns

The red brick building at 1704 North Mohawk Street was a dream for developers on the hunt for the few remaining properties in Lincoln Park that are financially feasible for condo redevelopment. The p…
These are the real estate donors spending big in the presidential campaign
Aug 1, 2024

These are the real estate donors spending big in the presidential campaign

Real estate professionals prefer to let their money do the talking . Presidential election issues touch on key provisions of the tax law, housing initiatives and immigration policy, and the war in G…
Hammered by mounting debt, Raoul Thomas’ hotel investments are crumbling. But he’s not giving up
Sep 3, 2024

Hammered by mounting debt, Raoul Thomas’ hotel investments are crumbling. But he’s not giving up

As Raoul Thomas clung to hope that he would recapitalize his $285 million loan on the Waldorf Astoria Washington DC in time to avoid losing the hotel, the financier got tired of waiting. Lender BDT …
St. Charles estate seeks record $6.9M amid rush of luxury listings
Aug 23, 2024

St. Charles estate seeks record $6.9M amid rush of luxury listings

Suburban Chicago’s luxury homeowners won’t stop reaching for the absolute top of the market. Another couple has listed a St. Charles property for just under $6.9 million, making it the second most-ex…
Where Have All the Home Sellers Gone?
May 9, 2022

Where Have All the Home Sellers Gone?

Untethered from the daily commute, homebuyers fanned out across the country during the pandemic, seizing their newfound freedom to explore markets far away from city centers. Harbor Custom Developmen…
The political battles shaping real estate this year
Jan 2, 2024

The political battles shaping real estate this year

One year ago, Gov. Kathy Hochul had had enough. “We’re a national leader in blocking housing,” she declared from the dais at the New York Housing Conference’s annual award ceremony in December 2022. …
The Closing: John Rutledge
May 1, 2023

The Closing: John Rutledge

John Rutledge (Photo by Nathanial Smith) “For us to do a deal in Chicago, it has to be almost perfect.” As an Illinois boy, John Rutledge’s love for the Windy City is unconditional. Getting inve…
Opportunity Zone Program | Little Haiti
Jul 16, 2018

Opportunity Zone Program | Little Haiti

A short drive from downtown Miami, colorful murals highlight the Haitian diaspora and pink and yellow island-themed buildings dot Second Avenue in Little Haiti. Among the traditional Creole eateries, …
How LA’s Short-Term Rental Stars Cater to the Rich and Famous
Jul 8, 2022

How LA’s Short-Term Rental Stars Cater to the Rich and Famous

It’s midsummer in Southern California — boom time for local real estate agents who serve celebrities, Saudi royals, off-season sports stars and others in the short-term, tall-order luxury rental niche…
Homestead Exemption | Asset Shielding Real Estate
Oct 23, 2018

Homestead Exemption | Asset Shielding Real Estate

In the fall of 2016, Roger Ailes was by all accounts a very wealthy man. Fox News had just pushed him out from the company he built over allegations of sexual harassment, but paid him $40 million for …
Extell Development’s Gary Barnett Q&A
Dec 31, 2019

Extell Development’s Gary Barnett Q&A

When Gary Barnett launched sales at One57 in 2011, he was met with skepticism.Prices at the Extell Development tower ranged from $3,000 to $8,285 per square foot. Some in the industry called those ask…
Two Trees Management | Jed Walentas | 125 Court Street
Dec 4, 2015

Two Trees Management | Jed Walentas | 125 Court Street

When prominent New York developer Jed Walentas asked the city to approve a set of sleek towers on Brooklyn’s industrial waterfront last year, he pitched his company as a player that always abides by t…
The fateful vote that made New York City rents so high - The Real Deal
Dec 15, 2016

The fateful vote that made New York City rents so high - The Real Deal

At the end of a pedestrian tunnel, down a flight of Stairs From Street level, a plush bar with a Prohibition motif caters to wealthy newcomers who have gentrified Manhattan’s Lower East Side, displaci…
South Florida Luxury Resi Market Sees Upside In Coronavirus
May 15, 2020

South Florida Luxury Resi Market Sees Upside In Coronavirus

As the rest of the country was shutting down in March, South Florida’s top brokers were getting phone calls from wealthy out-of-towners looking for high-end homes they could rent — preferably with a p…