Mortgage Application Payments Increased Nearly 30% Last Week as Rates Fall
The refinance share of mortgage activity increased to 59.8% of total applications from 48.8% the previous week.
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.
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.
The MSMX plan will also support the garment and fashion industries with a $50-million investment to develop permanent space for the industry…
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.
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