Leasing activity surged this quarter to over 360,000 square feet, a 45% increase from the first quarter of this year, with renewals representing 57% of executed transactions.
The One Big Beautiful Bill Act includes multiple NAR-championed provisions designed to support homeownership, drive investment in housing supply, and strengthen the real estate economy.
Real estate does not thrive in uncertainty. It thrives in predictability. Buyers want to know what the future holds for taxes, schools, infrastructure, interest rates and public safety.
Phase 2 of the project—which is valued at $12 billion—will now include 4,000 new homes at the site.
The buyer was Dempsey Investment LP. The seller was MSB Halstead Holdings.
The downtown area, planned as Tuxedo Reserve's Main Street, includes four mixed-use multifamily buildings totaling 93 upscale apartments.
On June 12, the Zoning Board of Appeals rejected an application for a height variance on the project by a 4-0 vote.
The significant shelter component, comprising more than one-third of the measure's weight, increased by 3.9%. If shelter inflation were to ease to 2% or even 3%, overall inflation would already be at a comfort point for the Federal Reserve.
Small investors purchased 361,900 homes in 2024, a 3.7% year-over-year increase, while large investor purchases decreased by 8.7% to 132,500 homes, the lowest level since 2018.
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.
Early voting for the June 2025 primary elections runs from Friday, June 14 through Saturday, June 22. Primary Election Day is Tuesday, June 24.
While she was immersed in association initiatives, it was her first trip to Albany as part of the association’s annual Lobby Day junket in 2016 that prompted her to contribute to RPAC.
The newly amended PCDS must be used beginning July 1, 2025.
At least 75% of units will be affordable for workforce and middle-income earners.
The new marine terminal is estimated to create 400 construction jobs, 100 permanent jobs, and $3.9 billion in economic impact over the next 30 years.
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