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12/13/17
New development condos were the weakest player in this year’s condo market, showing a 13 percent drop in sales volume relative to 2016 while the rest of the market remained mostly flat, according to a new report. The average price for a Manhattan condo stood at $3.1 million in 2017, the same as the previous year, when it set a...
11/06/17
There was a noticeable slowdown in office leasing activity in October. In September, the top 10 biggest office leasing deals totaled over 1.2 million square feet. But in October, the deals were fairly modest, totaling just 687,000 square feet.  Here are the 10 biggest deals inked in October: 1) New York City Economic Development Corporation, 1 Liberty Plaza, Financial District...
11/03/17
The city’s 10 biggest retail lease deals signed in October totaled 160,840 square feet, up 3,448 square feet from September’s total of 157,392 square feet. The largest retail lease in October was inked Queens. 1) CJ CGV, 37-09 College Point Boulevard, Flushing – 34,000 square feet The South Korean cinema chain inked a long-term lease for 34,000 square feet of...
11/02/17
The Queens condo market has slowed down a bit, but not by much. The number residential units approved in the borough fell slightly during the third quarter of the year, dropping down to 216 from 261 in the second quarter, according to The Real Deal’s analysis of data from the state Attorney General’s office. This was still higher than the...
11/01/17
Manhattan condominium developers received the go-ahead to begin marketing 823 condominium units valued at $3 billion in the third quarter, a steep decline over the prior quarter, according to an analysis of new development condo filings by The Real Deal. The three-month total had risen in each of the past three quarters, as the volume recovered from a steep decline...
11/01/17
Brooklyn’s condominium market is still going strong. The state approved 525 new residential condo units in the borough during the third quarter of 2017, the second highest number of approved units to hit Brooklyn in more than a year, according to The Real Deal’s analysis of data from the state Attorney General’s office. The number of approved units was down...
10/31/17
UPDATED, 10:05 a.m., Oct. 31: Madison Realty Capital did not dominate the top secured outer borough loans in September the way it did in August, but the firm still topped the list with a $267 million loan recorded last month and provided to Fortis Property Group for the redevelopment of the former Long Island College Hospital site. This was almost twice...
10/27/17
Brooklyn came tantalizingly close last quarter to tying its record for new residential units, falling short by literally one home. The Department of Buildings issued temporary certificates of occupancy for 2,839 housing units in the borough in July, August and September, clearing the way for thousands of new tenants to move into Brooklyn homes, according to an analysis of new...
10/18/17
IBI, an investment firm in Israel, gave a thumbs up to U.S. real estate companies trading on the Tel Aviv bond market, with a few caveats. The company released a report Wednesday providing investors with guidance on the sector and recommended five companies in particular. “This is an opportunity to make order and remind that not all American companies...
10/17/17
The $1.6 billion in construction financing issued to Related Companies for 50 Hudson Yards was the biggest loan for September in Manhattan, according to data analysis from The Real Deal. Many of the loans were for refinancing, but there were also a number of construction loans. Bank of the Ozarks, one of the most active lenders in the city right now,...
10/05/17
The retail leasing summer slowdown in New York City has continued into the fall. The 10 biggest retail lease deals made public last month totaled 157,392 square feet, down 27,761 square feet from last month’s total of 185,153 square feet. The largest retail lease in September was for an entertainment space in Times Square. 1) Parques Reunidos, 11 Times Square,...
10/02/17
Buying a condominium as an investment in Manhattan is looking less appealing these days as rents fail to keep pace with soaring sales prices. The median return on newly purchased condos listed for rent was 2.5 percent in the second quarter of 2017, according to a recent analysis by StreetEasy. That means condo owners who rent out their homes yield...
10/01/17
When upstart developer Bauhouse Group made a daring attempt to retain control of its troubled 3 Sutton Place...
10/01/17
For many of New York City’s top real estate law firms, transactional work —...
10/01/17
Two years after going into contract on a sky-high condo at 432 Park Avenue, Hong Kong casino mogul Lawrence Ho finally ...
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