NAR: Northeast Pending Home Sales Rose 2.1% in May
Year-over-year, contract signings rose in the Midwest and South, while they fell in the Northeast and West.
Phase 2 of the project—which is valued at $12 billion—will now include 4,000 new homes at the site.
The FARE Act prohibits brokers who represent landlords from charging broker fees to tenants. This includes brokers who publish listings with the landlord’s permission.
For decades, community and state leaders have failed to harness the aspiration and boldness needed to break through barriers and build the future New Yorkers deserve.
The move effectively keeps congestion pricing tolls in effect through at least June 9.
According to the CBRE report, Manhattan’s supply of properties undergoing conversions have a median age of 68 years.
On March 21, Gov. Kathy Hochul and business and transit leaders held a rally in Manhattan and reported that traffic is down and business is up in Manhattan’s Central Business District (CBD).
While growth in the city was faster than statewide growth (6.5%) and metropolitan area growth (7.4%), it lagged the nation’s overall 10.3% rate of housing growth.
Pattern and the DCP will bring together economic development experts, tourism bureaus, farmers and food-system operators, and other stakeholders who would benefit from planning across both regions.
Since the first-in-the-nation program began on Sunday, Jan. 5, through Friday, Jan. 31, tolls from the CRZ generated $48.66 million in revenue.
The proposal would deliver an estimated 9,700 new homes—including up to 2,900 permanently income-restricted affordable homes.
In 2023, 39.5% of older homeowners in the city spent 30% or more of their household income on housing costs.
200 Park Ave. will continue to serve as the headquarters of CBRE’s New York Tri-State Advisory Services business and house the company’s New York-based Global Workplace Solutions teams.
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