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AirBNB Sues NYC Over Short-Term Rental Rules, Calling Them a ‘De Facto Ban’

AirBNB Sues NYC Over Short-Term Rental Rules, Calling Them a ‘De Facto Ban’

by Phil Hall | Jun 5, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Airbnb Inc. (NASDAQ:ABNB) is suing New York City over a 2022 law that the company said creates an unofficial ban on short-term rentals in the city. The law requires owners of properties seeking to engage in short-term rental to register with the mayor’s office and to...
Ryan Serhant Begins Shooting New Real Estate-Focused TV Show

Ryan Serhant Begins Shooting New Real Estate-Focused TV Show

by Phil Hall | May 26, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Celebrity broker Ryan Serhant is shooting a new real estate-focused reality television series, and he is starting in New York City’s ultimate deluxe apartment in the sky. According to a New York Post report, Serhant’s new show is on location today at the $250 million...
Property Flipping, NYC-Style: Luxury Condo Poised to Sell at $75M

Property Flipping, NYC-Style: Luxury Condo Poised to Sell at $75M

by Phil Hall | May 24, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One of the most profitable examples of property flipping is about to take place in the “Billionaires’ Row” section of New York City. The Wall Street Journal, sourcing its coverage from “two people familiar with the situation,” reported that a 64th floor condominium at...
NYC Officials Seeking Vacant Office Properties to House Illegal Immigrant Influx

NYC Officials Seeking Vacant Office Properties to House Illegal Immigrant Influx

by Phil Hall | May 17, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

New York City officials have begun to hunt through real estate listings for vacant office space in an attempt to find available shelter for the growing number of illegal immigrants that are being relocated into the city following the termination of Title 42. The New...
Historic NYC Hotel Reopens as Arrival Center for Illegal Immigrants

Historic NYC Hotel Reopens as Arrival Center for Illegal Immigrants

by Phil Hall | May 16, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A historic hotel in Midtown Manhattan that closed during the start of the Covid-19 pandemic has been reopened as the new arrival center for illegal immigrants being bused into the city. New York City Mayor Eric Adams announced the Roosevelt Hotel will serve as a...
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