New York takes $1.4B tax hit as real estate sales dry up
The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, today reported that year-over-year investment and residential sales volume declined 34 percent and
Tag : investment sales
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
Berkadia pushes further into affordable finance sector
Berkadia has acquired LIHTC Advisors, an Idaho-based brokerage firm that specializes in Low Income Housing Tax Credit (LIHTC) and other affordable housing properties. The acquisition
Broker confidence hits all-time low
The Real Estate Board of New York (REBNY) today released two market reports illustrating the challenges the City faces as economic recovery begins. REBNY’s Monthly Investment
Manhattan investment sales hit rock bottom
Manhattan saw an unprecedented halt in investment sales activity in the second quarter due to COVID-19, falling to its lowest level since the third quarter
Development site sales decline in 2019 Q3, report says
Consistent with the broader New York City Investment Sales market, there were fewer sales of development sites in the third quarter of 2019. Total sales
Manhattan’s investment sales plummet to 10-year low
Manhattan, one of the world’s largest real estate investment markets, saw just 76 sales during the second quarter of 2019, and is on track to
ASB sells 400 Madison to Korean bank for $194M
ASB Real Estate Investments has sold 400 Madison Avenue to a Korean financial services firm for $194.5 million dollars. Daishin Securities, an investment bank, purchased
Varjan looking to stir things up in investment sales sector
The mid-market investment sales industry is a land of opportunity for one of Lee & Associates’ new senior managing directors. Chris Varjan was one of