The real estate investment firm Kennedy Wilson has partnered with the Japanese firms Kenedix Inc. and Hulic Co., Ltd. to acquire Carraway, a 421-unit multifamily community in the New York City suburb of West Harrison, New York, for $237 million. The Westchester...
The administration of New York City Mayor Zohran Mamdani has disclosed how it plans to enforce its new so-called “pied-à-terre tax” on luxury second homes. The New York Post reports the city’s Department of Finance (DOF) will contact the owners of the targeted...
New York City’s Aqueduct Racetrack, the site for countless classic moments in thoroughbred racing, closed on Sunday after 132 years in operation. According to combined media reports, the Queens-based venue is being shuttered as part of the New York Racing...
A Trump about-face on the bipartisan housing bill, a lack of natural gas services in a Brooklyn housing project, and an unlikely real estate advisor for Perez Hilton. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June...
New York City’s Rent Guidelines Board has fulfilled a campaign promise by Mayor Zohran Mamdani by voting 7-1 for freezing rent increases on the one- and two-year leases for nearly one million rent-regulated apartments. According to the Wall Street Journal, the freeze...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
