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Historic Harlem Church Being Sold to Become Mixed-Use Development

Historic Harlem Church Being Sold to Become Mixed-Use Development

by Phil Hall | Aug 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A historic church in the Harlem section of New York City is under contract to be sold for conversion into a mixed-used development. Crain’s New York reported Transfiguration Lutheran Church and two adjacent brownstones are under contract for $3.5 million to Brooklyn...
NYC’s ‘Worst Landlord’ Faces Return to Prison for Not Repairing Properties

NYC’s ‘Worst Landlord’ Faces Return to Prison for Not Repairing Properties

by Phil Hall | Aug 6, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A Manhattan landlord who holds the notorious distinction as topping the “worst landlord” list published by the New York City Public Advocate could be going back to prison for failing to make hundreds of court-ordered repairs at the two apartment buildings he owns....
New Forecast Predicts Pricing Increases for NYC Commercial Properties

New Forecast Predicts Pricing Increases for NYC Commercial Properties

by Phil Hall | Aug 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial real estate investment firm KPG Funds has released a forecast predicting a significant increase in New York City’s commercial property values, with expectations of a 50% to 60% rise in pricing as interest rates decline. KPG Funds is projecting a pricing...
Hits and Misses for the Real Estate Week of July 29-Aug. 2

Hits and Misses for the Real Estate Week of July 29-Aug. 2

by Phil Hall | Aug 2, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Politicians offering bizarre comments about housing, a major company shifting its headquarters out of California and a radioactive contaminated school for sale. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 29-Aug. 2....
NYC Mayor Decries ‘Jim Crowism’ Opposition to Affordable Housing

NYC Mayor Decries ‘Jim Crowism’ Opposition to Affordable Housing

by Phil Hall | Jul 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City Mayor Eric Adams accused opponents of new affordable housing developments of advocating a new era of “Jim Crowism.” According to a Gothamist report, the city produced more than 14,700 new apartments with rents capped for low- and middle-income tenants...
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