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Hits and Misses for the Real Estate Week of Dec. 11-15

Hits and Misses for the Real Estate Week of Dec. 11-15

by Phil Hall | Dec 15, 2023 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Reserve’s mixed messaging, a music icon’s embrace of commercial real estate and a new record level of homelessness. From the wild and wooly world of real estate, here are the hits and misses for the week of Dec. 11-15. Hit: Keeping a Finger on the Pause...
Median Rents in Manhattan Drop for the First Time in More Than Two Years

Median Rents in Manhattan Drop for the First Time in More Than Two Years

by Phil Hall | Dec 14, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median rent in Manhattan dropped year-over-year for the first time in 27 months, according to data from Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants. Last month, the median Manhattan rent was $4,000, down 4.6% from October and down 2.3%...
Hits and Misses for the Real Estate Week of Sept. 4-8

Hits and Misses for the Real Estate Week of Sept. 4-8

by Phil Hall | Sep 8, 2023 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

Disturbing data from the mortgage world, a new grass roots movement for affordable housing in California, and a Manhattan high-rise where you can park your car outside of your apartment’s front door. From the wild and woolly world of real estate, here are the...
NYU Acquires Luxury Manhattan High-Rise for $210 Million

NYU Acquires Luxury Manhattan High-Rise for $210 Million

by Phil Hall | Sep 7, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York University’s Grossman School of Medicine has acquired the Lathanian, a 23-story luxury apartment building on the East Side of Manhattan, for $210 million. According to a Commercial Observer report, the 209-unit building is adjacent to NYU Langone Health’s...
Manhattan Average Rents Set New Record at $5,588 Per Month

Manhattan Average Rents Set New Record at $5,588 Per Month

by Phil Hall | Aug 10, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Living in the Big Apple is not for the financially faint of heart, as new data from Miller Samuel and Douglas Elliman recorded the average monthly Manhattan rent in July was $5,588, up 9% year-over-year and a new record. Manhattan’s median rent also set a new record...
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