New push to put drones in NYC airspace
council members Robert Cornegy and Ben Kallos sponsor bill to conduct a study into the use of drones, saying they could offer a more precise and less expensive way to inspect facades.
Category : Featured
Citi Habitats to become part of the Corcoran brand
On Tuesday, The Corcoran Group announced a merger with Citi Habitats, and the latter brokerage will now become part of the Corcoran brand. Though Corcoran had already acquired Citi Habitats in 2004, prior to the announcement, Citi Habitats had existed independently. The unified company will now operate as one, Pamela...
Kings of the Castle: Brokers believe Brooklyn is back as numbers inch up
Home sales in Brooklyn have mirrored those in Manhattan recently, where the market is still correcting itself. But there are signs of better days ahead. Meanwhile, rentals in Kings County have remained strong, according to recently issued 2019 fourth quarter market reports. And with ongoing uncertainty clouding the sales sector,...
Bruckner Building in Bronx fetches $65M
Savanna and Hornig Capital Partners have sold the Bruckner Building in the Bronx for $65 million. ZG Capital Partners acquired the 188,000 s/f property in a deal brokered by JLL Capital Markets announced . The 188,000 s/f office building located at 2417 Third Avenue in the Mott Haven neighborhood was...
Nightingale, Wafra buy 111 Wall for $175M
Nightingale Properties and Wafra Capital Partners have closed on their acquisition of 111 Wall Street for a reported $175 million. Newmark Knight Frank arranged a $145 million fixed-rate loan for the acquisition from Zurich Insurance Group. NKF president and Jimmy Kuhn arranged the sale of the property on behalf of...
DOB issues new facade inspection rules
More up-close, hands on inspectionsto be carried out in wake of December tragedy
Politicians call for tax on private equity loans
Bill takes aim at speculative real estate investment
NKF continues to bolster valuation practice
Acquires HVS, psecialists in valuation of restaurants and gas stations
REBNY hoping 2020 will be a better year for industry in Albany
Rent regulations and other edicts from Albany that have impacted real estate, along with the ongoing attempt to diversify the industry, seemed to be on the minds of all who attended the most recent annual Real Estate Board of New York banquet.
Industry leaders pack Hilton Midtown for REBNY Banquet
Roughly 2,000 real estate professionals were in attendance for what has been referred to as the Oscars of the industry, the annual Real Estate Board of New York banquet at the Hilton Midtown, on Thursday night. It’s a night to honor the industry’s finest, as well as rub elbows. This...