News
New Yorkers fleeing Mamdani for Miami? Yeah, right
16+ hour, 53+ min ago (803+ words) Plus: a development at the Chrysler Building, an Epstein bombshell and more Fears of a post-election chill in New York City's luxury housing market are looking increasingly misplaced. In the 60 days following Mayor Zohran Mamdani's November win, signed contracts for…...
New dev broker returns to Douglas Elliman from Compass
5+ day, 9+ hour ago (492+ words) Samantha Behringer spent one year at rival brokerage after ending 23-year stint at Elliman A veteran new development broker has returned to Douglas Elliman after just one year at Compass." Samantha Behringer departed the brokerage for Compass in January 2025, ending…...
Lenders cut nine-figure deals outside of New York City limits
2+ mon, 1+ week ago (330+ words) Real estate finance heads would be wise to train their eyes beyond New York City, where a pair of nine-figure debt deals unfolded in recent days. Closer to the Big Apple, Rose Associates and Battery Global Advisors refinanced their 440-unit…...
State signs off on three casinos for NYC
3+ mon, 3+ week ago (828+ words) State board recommends all three get licenses New York City is poised to get three casinos." The state Gaming Facility Location Board on Monday recommended that the Gaming Commission award casino licenses to the three remaining proposals in Queens and…...
MGM drops out of the casino race
5+ mon, 1+ week ago (404+ words) Company blamed shock exit on changing "competitive landscape" Long considered a shoo-in for one of three casino licenses up for grabs in New York, MGM Resorts has dropped out of the competition." The company, which pitched a $2.3 billion expansion of…...
Foreign buyers and sellers are going strong in New York City
8+ mon, 1+ week ago (797+ words) In the first half of 2025, deal volume doubled from last year Serhant's Peter Zaitzeff with Williamsburg Wharf and Serhant's Kayla Lee with The Huron (Getty, Serhant, Williamsburg Wharf, Morris Adjmi Architects) In the early 2010s, wealthy individuals overseas flooded New York…...
Low inventory, hidden contracts drive new dev swoon
8+ mon, 2+ week ago (578+ words) Contracts in the second quarter were down 9% from 2024 New York City's new development contracts dried up as the winter thawed to spring." The city notched 648 contracts in the second quarter, down 9 percent from the same period in the previous year,…...
Manhattan rents continue hot streak to hit new record in May
9+ mon, 1+ week ago (416+ words) Despite growing supply, median rent in the boro, reaching $4,571 As temperatures rise in New York, so too has the rental market. Median Manhattan rent reached a new record high in May, at $4,571 per month, rising nearly 8% year over year, according…...