Data Center Moratorium Bill Floated in Albany
New York State lawmakers have expressed concerns over the environmental impacts data centers may have and also the significant energy needs they require.
Like the autumn leaves, consumer sentiment is falling across New York and the nation as persistent economic headwinds have consumers feeling the pressure coming out of the summer season.
Cash buyers have long been a fixture in the market, but their influence is more pronounced today than in pre-pandemic years.
NYSDOT now estimates the completion of the FEIS and the release of the study’s Record of Decision in the fall of 2026.
In terms of existing home sales, NAR now expects a 3% increase in 2025 as compared to 2025, while it anticipates a 14% jump in existing sales in 2026 as compared to this year.
The $8-billion Metropolitan Park casino project to be developed adjacent to Citi Field in Queens by billionaire New York Mets owner Steve Cohen advanced today thanks to a unanimous 6-0 vote by its CAC.
Lower mortgage rates are enabling more homebuyers to go under contract.
The Resorts World New York City proposal features a 5.6 million-square-foot integrated resort that will allow for 6,000 slot machines, 800 gaming tables, 2,000 hotel rooms, a 7,000-seat arena, over 7,000 parking spaces and over 30 food and beverage outlets.
The average 30-year fixed-rate mortgage in August was 6.59%, according to Freddie Mac, down from 6.72% in July and 6.50% one year ago.
With the 5-0 CAC affirmative vote, the Yonkers project now advances for full consideration with the New York State Gaming Location Board.
The agreement underscores the continued strength of Lower Manhattan’s office market, of which Brookfield Place comprises approximately 10% of inventory.
HGAR officials noted that its selection “is a testament to the impact of our advocacy, leadership and presence across the region.”
Dais pleaded guilty today in Rockland County Court to forgery and violation of the Home Equity Theft Protection Act (HETPA).
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