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Inside a $1.8B new development odyssey

Inside a $1.8B new development odyssey

When Michael Rosenfeld made the deal for the site of the Century Plaza condo back in 2008, he knew it was one that would define his legacy. “This is a rare opportunity to buy...

Inside a $1.8B new development odyssey
Covid discount? Condo developers are barely budging

Covid discount? Condo developers are barely budging

Buyers looking for a “Covid discount” on a New York condo may be disappointed. Concessions may be on the...

Covid discount? Condo developers are barely budging
Here’s what the Fed’s actions mean for the housing market

Here’s what the Fed’s actions mean for the housing market

To contain the economic fallout of the coronavirus, the Federal Reserve announced Sunday afternoon it cut its benchmark interest...

Here’s what the Fed’s actions mean for the housing market
Douglas Elliman Development Marketing closed all its on-site sales offices and galleries until the end of March for health and safety concerns (Credit: iStock; Douglas Elliman)

Elliman shutters on-site sales offices nationwide, citing coronavirus concerns

Douglas Elliman’s new-development marketing division has closed all its on-site sales offices and galleries nationwide for the next two...

Elliman shutters on-site sales offices nationwide, citing coronavirus concerns
Red Oak Realty has coined a new contingency clause related to coronavirus after the seller got stuck in Wuhan, China. (Credit: iStock)

Coronavirus contingency clause added to Bay Area condo deal

At least one condominium contract in the Bay Area has a contingency clause related to coronavirus. The seller travelled...

Coronavirus contingency clause added to Bay Area condo deal
Greenland Holdings has already decided to sell one downtown Los Angeles Metropolis tower and convert another into apartments, as it struggles to sell two others.

Can influencers and college students save Greenland’s Metropolis?

It was two days before Halloween, and for Kimberly Lucero that meant a sales opportunity. Sporting a gothic dress,...

Can influencers and college students save Greenland’s Metropolis?
565 Broome Street (Credit: iStock and 565 Broome Street)

Sour grapes: Manhattan condo buyer files “class action” because the unit doesn’t have a wine cooler

Across the city, residents sometimes have to tussle with landlords to make sure they are getting basic necessities like heat and hot water. But...

Sour grapes: Manhattan condo buyer files “class action” because the unit doesn’t have a wine cooler
Douglas Yearley of Toll Brothers

Homebuilder Toll Brothers looks to higher-earning millennials amid down Q3 results

UPDATED Wednesday August 21, 2019, 4:07 p.m.: Amid a softening luxury market, homebuilder Toll Brothers is developing lower-priced properties...

Homebuilder Toll Brothers looks to higher-earning millennials amid down Q3 results
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