Daily business news in the Great State of New York!
NEW YORK — Fetner Properties announces the completion of a sale of the remaining interest in two buildings where Empire State Realty Trust purchased the majority interest in December of 2021. The buildings, The Victory at 10th Avenue and 41st Street, and 345 East 94th Street have been fully sold. Proceeds will be used for a greater […]
Terreno Realty Corporation, owner and operator of industrial real estate in six major coastal U.S. markets, has acquired an industrial property located in East Williamsburg in Brooklyn for a purchase price of approximately $12.0 million. The property consists of one industrial distribution building containing approximately 24,000 square feet on 0.7 acres. The property is at […]
ALBANY – For the first time in 30 months, home sales increased in New York in February, while inventory dropped yet again to its lowest point in recorded history, according to the housing report released by the New York State Association of REALTORS. Inventory of homes dropped 16.8 percent from 28,170 homes available in February […]
NEW YORK — HELP ONE Buildings A and B officially opened in East New York at a ribbon-cutting ceremony attended by government officials, community representatives, and building residents, among others. The $129 million development reflects New York City’s and New York State’s commitment to expanding access to safe, affordable housing, especially for the most vulnerable […]
NEW YORK — Real estate developer Soloviev Group has signed a 23,033 square foot lease on the 45th floor by private equity firm Tikehau Capital in 9 West 57th Street, the iconic 50-story structure designed by Skidmore, Owings & Merrill (SOM). This long-term lease marks a major milestone for Stefan Soloviev, chairman of the Soloviev Group, […]
NEW YORK — Coldwell Banker Warburg, which specializes in New York luxury real estate, has announced broker Kathy Kaye and agent Lorraine Baker have joined the firm. Kaye (photo above) joins with a legendary track record of property sales, amassing more than $200 million in her career, while Baker also brings over $200 million in career sales to the company. “Lorraine is […]
ALBANY – Low housing inventory continued to slow the New York housing market and with interest rates still fluctuating near 6.5 percent, 2024 began much the same as 2023 ended in the Empire State, according to the housing report released by the New York State Association of REALTORS. Interest rates moved marginally from December 2023 […]
Here are home prices by county in New York for January 2024. Data provided by the NYS Association of Realtors, Greater Capital Region Association of Realtors and OneKeyMLS. New York county (Manhattan) is not included.
NEW YORK — Global Holdings, an international real estate development and investment firm announced that its luxury residential tower, Anagram Columbus Circle, is 50 percent leased. Located along Columbus Circle area of Manhattan, just steps from Central Park and across from Trump International Hotel, the 26-story property has attracted residents from around the country and […]
NEW YORK — Empire State Realty Trust, Inc. announced that Executive Vice President, Chief Operating Officer & Chief Financial Officer Christina Chiu has been promoted to President. Additionally, Senior Vice President, Chief Accounting Officer Stephen Horn has been promoted to Executive Vice President, Chief Financial Officer & Chief Accounting Officer. Anthony Malkin will continue to […]
NEW YORK — JLL’s Capital Markets group announced it has secured the $395 million refinancing of 70 Pine Street, a 66-story, mixed-use property with luxury multi-housing rental, retail and hotel space located in a landmarked building in the Financial District of New York City. The building was formerly headquarters of AIG. JLL worked on behalf of the borrowers, […]
Real estate website StreetEasy has named its top 10 neighborhoods to watch in NYC based on great increases in searches on the site among buyers and renters from 2022 to 2023. StreetEasy, a division of Zillow, predicts Queens will reign supreme in 2024 after a record-breaking year for the borough in 2023, as both renters […]
NEW YORK — RAL Companies and Oliver’s Realty Group, announced that Quay Tower, the only waterfront new development in Brooklyn Heights with sponsor units for sale, achieved more than $85 million in sales and pending contracts from 2023. Many of the deals at the 30-story ODA New York-designed building were the week’s most expensive sale […]
ALBANY – The inventory of available homes for sale at the end of 2023 across New York fell to the lowest recorded mark in history, according to a report released by the New York State Association of Realtors. Inventory of homes for sale across New York dropped to an all-time recorded low of 24,469 units […]
BROOKLYN, NY — Q Mixers, a premium maker of drink mixers, has announced a multiyear partnership with Tao Group Hospitality, the hospitality group with venues like TAO, Hakkasan, Marquee, LAVO, and more, to become the exclusive mixer across 44 U.S. venues. Q Mixers will also be present at Tao Group Hospitality events, starting with the […]