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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 | Current News & Events, Industry Updates, 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, Current News & 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, Current News & Events, Hits and Misses, 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 | Current News & 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...
Hollywood A-Listers Seek to Revive Long-Vacant Historic NYC Theater

Hollywood A-Listers Seek to Revive Long-Vacant Historic NYC Theater

by Phil Hall | Jul 26, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A historic New York City theater which has been vacant for nearly two decades may have a new lease on life via a coalition of Hollywood power players. IndieWire reports the Metro Theater in Manhattan’s Upper West Side is the subject of acquisition discussions led by...
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