Viewpoints
FROM THE DESK OF THE CEO: A Legacy of Transformation and Warmest Wishes
I leave HGAR knowing that we are now more member-centric and innovative than ever before.
Latest news (Page 14)
News
Weak Jobs Data Will Likely Fuel Multiple Rate Cuts by the Fed in 2025
On Sept. 10, the MBA reported that mortgage applications increased 9.2%for the week ended Sept. 5 from one week earlier.
Legal-Advocacy
NYC’s Vacant Apartment Repair Program Misses the Mark for Housing Providers
While the program is well-intentioned, the economics remain challenging.
News
Greenwich, CT Apartment Complex Trades for $97.5 Million
The sale represents the largest single-asset apartment community sale in Greenwich, CT history since Putnam Green in 2006.
Market
Report: Seven of the 50 Largest U.S. Metros, Including NYC, Now Considered Buyer’s Markets
At the metro level, seven of the 50 largest U.S. markets were in buyer’s market territory in June with six months or more of supply: Miami, Austin, Orlando, New York, Jacksonville, Tampa, and Riverside, CA.
HGAR
HGAR Builds Bridge to 18+ Countries Through Global MOU with BRANIB and the Confederación Inmobiliaria Latinoamericana
CILA represents thousands of professionals from: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, El Salvador, Mexico, Panama, Paraguay, Peru, Uruguay and beyond.
News
Plan to Transform Former Camp LaGuardia Site to Parkland Taking Shape
Orange County purchased the property in 2007 for $8.5 million. Since then, several private redevelopment proposals failed to secure necessary approvals…
News
Norges Bank Investment Management to Acquire 95% Stake in NYC Office Tower for $543 Million
Norges Bank Investment Management will pay $542.6 million for its 95% ownership interest, valuing the property at a gross value of $571.1 million.
News
NYC Invests $12.3M for Hostos Community College Life Science Facility at Bronx General Post Office
The new “Allied Health and Natural Sciences Life Sciences Center” will feature modern instructional labs, lab support areas, faculty offices, general classrooms, student spaces, and campus services.
News
SL Green Signs Deal to Acquire 346 Madison Ave. and Adjoining Development Site for $160 Million
The acquisition of the two adjoining properties represents a strategic opportunity to create a best-in-class new building on a prominent development site in the heart of Midtown East.
Legal-Advocacy
New York City Retreats on CityFHEPS ‘Unit Hold’ Incentive; What Realtors Need to Know
This incentive has long been a vital program support. By offsetting potential vacancy costs while applications are pending it makes landlords more willing to participate in CityFHEPS.
Featured
Realtor.com Analysis: Nearly $13 Trillion in U.S. Homes Face Severe Climate Risks
The New York metro region ranked No. 2 in terms of total value of homes with severe or extreme flood risk at $295.3 billion. Miami came in first place with $306.8 billion facing severe or extreme flood risk.