“I can’t do anything in this town today”: Steve Witkoff is fed up with New York development costs
Steve Witkoff is among a growing number of New York developers who are up in arms over soaring land and construction prices. So now,...
Land Prices
The Latest
How ground leases became “ticking time bombs” for iconic properties
When the Abu Dhabi Investment Council and Tishman Speyer decided to put the iconic Chrysler Building up for sale...
Will Manhattan land prices seesaw in the wrong direction?
From the March issue: In 1626, Dutch merchant Peter Minuit bought the island of Manhattan for the equivalent of...
The market for land got buried in 2016
Land sales in Manhattan ground to a halt last year with just under $3 billion worth of transactions in 2016, down 74 percent from the previous year. Cushman & Wakefield data show the number...
Paydirt: The ground beneath her feet, Trump & the taxman, no mezzin’ around … & more
The dirt on dirt: Mark Twain’s memo must have got lost in the mail. “Buy land, they’re not making it anymore,” isn’t a mantra...
Meet 421a’s real beneficiaries: Landowners
When state lawmakers in June agreed to an overhaul of the 421a tax abatement program, Gov. Andrew Cuomo called...
Even more condos planned for Long Island City
With Long Island City land prices blowing up and the neighborhood’s demographics shifting to an older, more monied crowd,...
Real estate prices for burials far from dying down
The New York City inventory squeeze is extending about six feet under. Like all other real estate in New...
Five largest landowners in the US
Land remains a hot investment, and America’s wealthiest individuals are snapping up property at breakneck speed.
Sky-high land prices hinder multifamily rental projects
Despite the unquenchable demand for rental units in Manhattan, stratospheric land prices are blocking the development pipeline for multifamily...
« Previous
Next »