One in ten NYC landlords on brink of default, says CHIP
Thousands of housing providers are struggling and some property owners are in dire straits, according to a survey of the members of the Community Housing
Tag : COVID
Real estate sales drought costs city $755M in lost taxes
The Real Estate Board of New York (REBNY) today reported that total September investment and residential sales volume declined 47 percent and tax revenue generated declined 36 percent
Manhattan investment sales hit lowest in decade
Manhattan investment sales continued to suffer the consequences of COVID-19 in the third quarter with 21 transactions, the lowest number of sales since the third
Jonathan Rose raises $525M from ‘impact investors’
Affordable housing developer Jonathan Rose Companies has closed on a $525 million impact acquisition fund with investors focused on climate change, poverty and income inequality,
Investment group buys Silvercup Studios
Brothers Stuart and Alan Suna have sold their famed Silvercup Studios to an investment group for a reported $500 million. LA-based Hackman Capital Partners are
French owners bid au revoir to The Broome Hotel
One of Soho’s most popular boutique hotels is going up for sale. Adelaide Polsinelli, a vice chairman at Compass, has been tapped to market the
NYC fighting back from ʻanarchistʼ slur
Mayor Bill de Blasio today joined Portland and Seattle mayors to condemn President Donald Trump for labelling their cities “anarchist jurisdictions” this week. “This is
Developers binge on building new movie studios
Developer Parviz Farahzad has struck a finance deal for a new film studio on Long Island as demand for movie and television content surges. With
CPC announces $20M lending line for minority developers
One of New York’s biggest real estate lenders has $20 million to give away to minority developers. The Community Preservation Corporation (CPC) just announced that
DOL to pay extra six weeks of COVID unemployment benefits
The New York State Department of Labor today announced that New York has paid nearly $1.9 billion in Lost Wages Assistance (LWA) benefits to 2.26