Signature achievement: Bank’s loan deferrals down to 9%
Signature Bank, one of the city’s most active multifamily lenders, saw an increase in income and a decrease in...
Rental Market
The Latest
Industry reacts to Cuomo’s proposed commercial eviction ban
Commercial evictions could be on hold until at least May if Gov. Andrew Cuomo’s 2022 state budget proposal is...
Biden to extend limits on evictions, foreclosures
President Joe Biden is extending federal limits on evictions through at least the end of March. Biden is expected...
National
Zillow is now charging for rental listings
Against the backdrop of a booming housing market, Zillow is upping its fees for agents and for the first time will charge them to post rental listings. As of Jan. 12, the Seattle-based listing...
Rent-stabilized tenants owe landlords more than $1B
Pressure is mounting on New York City’s renters. According to a new survey from the Community Housing Improvement Program,...
News Analysis
How a socialist on City Planning Commission would affect real estate
The appointment of a socialist tenant advocate to the City Planning Commission won’t by itself block development in New...
John Catsimatidis wants to add three more rental towers in Coney Island
Billionaire developer John Catsimatidis wants to expand his nearly finished Ocean Drive rental complex in Coney Island by adding...
Outsiders for years, NYC yimbys move into mainstream
It was a Wednesday night in April 2019, and Will Thomas was outnumbered. Only two other members of pro-housing...
National
Worst of the worst: The real estate disasters of 2020
Vacant offices. Shuttered restaurants. Empty hotels. The pressure on real estate was relentless this year as the pandemic took...
City formalizes push for security deposit alternatives
The city is forging ahead with its push to help New Yorkers find alternatives to the traditional lump-sum security...