Category : Blog

Later this year, a 10-year old settlement and consent decree between the National Association of Realtors and the U.S. Department of Justice mandating how listings are displayed by online brokerages will expire. Prior to that, on June 5, 2018, NAR will have the opportunity to demonstrate the breadth and depth of competition in the real …

U.S. developers marketing projects to Chinese buyers have two choices for handling their communication needs: paying for a human translator, or buying a robot that does the same thing. For the human, costs will vary; they could be paid a salary, or an hourly wage plus benefits, vacation pay, etc. The robot costs about two …

Seena Stein has been appointed chair of the Board of Trustees of Jersey City Medical Center, an RWJBarnabas Health facility. Stein succeeds Jersey City attorney Robert E. Margulies, whose term ended in March. Stein was the founding partner of Newmark Knight Frank’s (NKF) New Jersey office. She has over 35 years of experience in commercial real …

Manhattan District Attorney Cyrus R. Vance, Jr. today announced former real estate wunderkid Michael Shvo, 45, and his companies, SHVO ART LTD. and SEREN LLC, pled guilty in New York State Supreme Court to dodging the payment of more than $1 million in state and local sales taxes on purchases of fine art, furniture, jewelry, …

Brookfield Properties has purchased seven storefronts on Bleecker Street between West 10th and 11th Streets in Greenwich Village. Better known for owning and operating large malls and shopping centers, Brookfield sees an opportunity in the quaint Lower Manhattan neighborhood for up and coming brands, particularly those that come from an...

Kennedy Funding Financial has closed a $2 million loan to LZBC Next Level Realty to fund the construction of an eight-unit, four-story walk-up building at 100 Scholes Street in Williamsburg. Plans for the property include four two-bedroom, one-bathroom units and four one-bedroom, one-bathroom units. The development is located near community parks, restaurants, movie theaters, concert …

Michael Namer, CEO and founder of Alfa Development, announced the completed refinancing of the HGU New York Hotel at 34 East 32nd Street. The new $21 million long-term loan was secured from Metropolitan Commercial Bank (NYSE: MCB), which previously led the purchase and construction financing of the property. HGU New York Hotel is a 90-room …

The city has issued a Request for Proposals (RFP) to develop two City-owned sites in Hudson Yards. The RFP seeks proposals for two mixed-use, affordable housing developments in the busy neighborhood. The sites, currently under the jurisdiction of the Metropolitan Transportation Authority (MTA) and the New York City Department of Environmental Protection (DEP), are part …