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.
WASHINGTON—Pending home sales in August increased by 4.0% from the prior month and rose 3.8% year-over-year, according to the National Association of Realtors.
Pending sales rose month-over-month in the Midwest, South, and West, and declined in the Northeast. Year-over-year, sales increased in all regions. August’s Realtors Confidence Index survey shows that 19% of NAR members expect an increase in buyer traffic over the next three months, up from 16% last month and unchanged from one year ago.
Meanwhile, 19% expect an increase in seller traffic, down from 21% last month and up from 18% in August 2024, NAR stated in its report released earlier today.
“Lower mortgage rates are enabling more homebuyers to go under contract,” said NAR Chief Economist Lawrence Yun. “In the Midwest, low mortgage rates combined with high levels of affordability are attracting more buyers compared to other regions.”
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 agreement underscores the continued strength of Lower Manhattan’s office market, of which Brookfield Place comprises approximately 10% of inventory.
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