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.
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.
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 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.
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…
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.
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.
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.
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.
NYSDOT Dismisses Two Potential Design Options in Cross Bronx Expressway Project Build Alternatives
Options 1A and 1B, which would have retained a traffic diversion structure and provided post-construction access to it for local-road vehicles or buses, have been dismissed from further consideration based on feedback from the local community.
NAR: U.S. Pending Home Sales Declined 0.4% in July
Even with modest improvements in mortgage rates, housing affordability, and inventory, buyers still remain hesitant.
Reports: Resorts World Catskills $561-Million Bond Deal Delayed
Genting Malaysia announced components of the bond sale deal on Aug. 15.