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Developers Propose Building Tallest-Ever American Skyscraper in NYC

Developers Propose Building Tallest-Ever American Skyscraper in NYC

by Phil Hall | Jan 17, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The real estate developers TF CornerStone and RXR are teaming on a proposed New York City mixed-use property that could become the tallest and most expensive skyscraper ever constructed in the country. Business Insider reports the project, dubbed 175 Park Avenue,...
NYC Garbage Truck Garage to be Redeveloped as Affordable Housing

NYC Garbage Truck Garage to be Redeveloped as Affordable Housing

by Phil Hall | Jan 2, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City is taking at trashy approach to its housing shortage – an old garage for garbage trucks is being converted into a 232-unit development. According to The Gothamist, the 115,000-square-foot garage on Staten Island will become an affordable housing complex...
LRT Company Expands to Rhode Island with Senior Housing Development

LRT Company Expands to Rhode Island with Senior Housing Development

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

LRT Company, a Bluffton, South Carolina-headquartered development firm, has expanded into Rhode Island with its acquisition of 12.38 acres in the Providence suburb of Coventry, where it plans to develop Tiffany Laurel Reserve, a 204-unit senior housing campus. The...
Arizona Blocks Wildcat Development in Water-Challenged Community

Arizona Blocks Wildcat Development in Water-Challenged Community

by Phil Hall | Oct 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Arizona Department of Real Estate (ADRE) has sent a cease-and-desist order against three entities to stop illegal subdividing, also known as “wildcat development,” in the unincorporated Rio Verde Foothills community located east of Scottsdale. The ADRE alleged the...
$5.8 Billion in Manhattan’s 1H 2024 Commercial Property Investment Sales

$5.8 Billion in Manhattan’s 1H 2024 Commercial Property Investment Sales

by Phil Hall | Jul 30, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Investment sales in Manhattan commercial real estate reached $5.8 billion over in the first half of this year, according to new data from Ariel Property Advisors. This represented a 14% increase from the second half of 2023. A total of 167 transactions were recorded...
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