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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 | News/Current 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...
Rudy Giuliani Lists His NYC Apartment at $6.5 Million

Rudy Giuliani Lists His NYC Apartment at $6.5 Million

by Phil Hall | Aug 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Former New York City Mayor Rudy Guiliani is listing his luxury Manhattan apartment for sale at $6.5 million. The apartment is in a landmarked building designed in 1906 by architects Harde & Short. According to combined media reports, Giuliani purchased the 10th...
Judge Dismisses Airbnb Lawsuit Against NYC Over Short-Term Rental Rules

Judge Dismisses Airbnb Lawsuit Against NYC Over Short-Term Rental Rules

by Phil Hall | Aug 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A judge dismissed a lawsuit filed by Airbnb Inc. (NASDAQ:ABNB) against New York City over a 2022 law that the company said created an unofficial ban on short-term rentals in the city. According to a Reuters report, the company said the city’s enforcement of Local Law...
Residential Property Development Announced for World Trade Center Site

Residential Property Development Announced for World Trade Center Site

by Phil Hall | Jul 31, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York Gov. Kathy Hochul announced a deal between the state and developers to build 5 World Trade Center, which will be the sole residential property within the 16-acre redevelopment project in lower Manhattan. The 900-foot-tall property will be constructed on the...
Brookfield Returns NYC’s Historic Brill Building to Lender

Brookfield Returns NYC’s Historic Brill Building to Lender

by Phil Hall | Jul 18, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The owner of one of the most iconic commercial properties in the history of popular music has returned the property to a lender. According to a GlobeSt.com report, Brookfield Asset Management (NYSE:BN) has returned the deed for New York City’s Brill Building to Mack...
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