Category : Headline

FeaturedHeadlineResidential

Manhattan apartments smash through the $1M barrier

REW
by REW1128
For the first time in history, the median price of a Manhattan apartment has topped $1.2 million. In the fourth quarter of 2015, prices reached an all-time record, according to residential brokerage firm, Compass. The number reflects a 17 percent increase over the 2015 third quarter median price of $1...
Deals & DealmakersFeaturedHeadlineRetail

Bronx braced for a retail boom as prices draw developers to an untapped market

REW
by REW2126
The Bronx ended the year at the top of the heap when it comes to real estate investment and development. The borough experienced a 132 percent bump in dollar volume of multifamily investment sales, with $167,290,000 in deals in October according to a report from  Ariel Property Advisors. And the Center...
REBNY dismisses demand for supertall building moratorium
Construction & DesignFeaturedHeadline

REBNY dismisses demand for supertall building moratorium

REW
by REW1541
The Real Estate Board of New York has dismissed a new report slamming New York Cityʼs newest generation of skyscrapers. “The latest generation of tall, slender and mostly residential towers positively contributes to our city architecturally, economically and environmentally,ˮ said John Banks, president of the Board. “These new additions to...
LEED-approved Javits Center drawing crowds – and flocks
Construction & DesignFeaturedGreen BuildingHeadline

LEED-approved Javits Center drawing crowds – and flocks

REW
by REW1859
New York’s Javits Center has achieved LEED Silver certification from the U.S. Green Building Council. Convention Center Operating Corporation president and CEO Alan Steel announced the certification was awarded following the completion of a massive renovation. Located on Manhattan’s West Side, the Javits Center is considered the busiest convention center...
Deals & DealmakersFeaturedHeadlineRetail

Brewer vows to make 2016 the year of the mom-and-pop shop

REW
by REW1316
By Sabina Mollot Manhattan Borough President Gale Brewer has promised to make 2016 the year of the mom-and-pop shop. Nine months after proposing new legislation she believes will throw a lifeline to an estimated 1,000 small businesses forced out of their premises by steep rent increases, Brewer said she now...
Debt & EquityFeaturedHeadlineResidential

Record number of tenants struggling to pay their rent

REW
by REW1381
Due to the combination of stagnant income and rising rental rates, more and more people are struggling to pay for housing. According to a report from the Harvard Joint Center for Housing Studies entitled America’s Rental Housing: Expanding Options for Diverse and Growing Demand, the number of people who can...
FeaturedHeadline

New Yorkers feeling neighborsʼ pain as PR debt reaches $72B

REW
by REW2474
Puerto Rico’s debt crisis has been attributed to a wide range of factors. So far, the blame has rotated between its tax policies (which critics describe as outdated), its ambiguous political status as a US commonwealth, and its waning popularity among tourists. All these factors may have played a role...
Construction & DesignDeals & DealmakersFeaturedHeadline

Hudson River tunnel project back on, says Schumer

REW
by REW2555
The Gateway Project, a plan to build a high-speed railway corridor under the Hudson River between New Jersey and New York, is back on. A day after Amtrak president Steven Gardner testified before the New Jersey Senate Legislative Oversight Committee about the railway’s outdated equipment and much-needed repairs, Senator Chuck...