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  • The top NYC real estate events next week March 23, 2018
    Next week brings a new bunch of real estate events! On March 28, Bisnow is hosting its NYC 2030: The Future of the Big Apple event from 7:30 a.m. to 11 a.m. at 415 West 13th Street. Attend and discuss the future of NYC, land use and NYC’s infrastructure woes. Mike Richter of Brightcore Energy, […]
  • Here are the five most active architecture firms in Queens March 23, 2018
    From the March issue: This month, The Real Deal pored over permit applications filed with the city’s Department of Buildings and ranked the most prolific architecture shops in the city to determine which of them have designed the most square footage of new buildings in the five boroughs between Jan. 1, 2012, and Jan. 31, […]
  • Owner of Throggs Neck Shopping Center gets $69M refi March 23, 2018
    Simone Development has landed a loan of $68.5 million from French investment bank Natixis for the Throggs Neck Shopping Center in the Bronx. The CMBS loan is for 10 years featuring interest-only payments, and it closed at a 5.17 percent rate, according to the Commercial Observer. The deal was brokered by Meridian Capital Group. The […]
  • Sellers of Manhattan luxury homes just won’t face reality on pricing March 23, 2018
    Sorry, Manhattan real estate owners, but your luxury home might not be worth as much as you think it is. A new Olshan Realty report found that homes with prices of $4 million or more that went into contract during the year’s first 12 weeks took an average price cut of 10 percent, the highest […]
  • LA looks for ways to help property owners finance seismic retrofits March 23, 2018
    For years, Angelenos have heard that the “big one” is coming. But are buildings able to withstand 6.7 or greater magnitude earthquake? And if they are, will the cost of retrofitting them get passed directly to tenants? The Los Angeles City Council is exploring ways to help property owners finance seismic retrofits this week, the […]
  • Thrown to the wolves, title insurance closers band together March 23, 2018
    After a state crackdown on how title insurance companies wine and dine their clients, the industry’s once-united front is crumbling. Title closers — independent contractors whose unglamorous job involves attending closings and ensuring all documents and checks are in order — have formed a trade association to represent their interests after they said the New […]
  • The new Brooklyn Navy Yard COO is a former NYCHA exec March 23, 2018
    The Brooklyn Navy Yard has tapped former New York City Housing Authority general manager Michael Kelly to be its new chief operating officer. Kelly, an architect, will oversee operations at the Navy Yard, as well as its property management team, as it goes through an aggressive $2.5 billion expansion plan, adding 5 million square feet […]
  • This is South Florida’s new class of tech disruptors March 23, 2018
    Resistance to change in the real estate industry is fading away as new technologies become ingrained in the day-to-day business of buying, selling and developing properties. The creators and backers of new real estate tech say they hope to change things in the same way that disruptive new services have revolutionized other aspects of modern […]
  • Why it pays to shop around for a better mortgage deal March 23, 2018
    It’s one of the weirder documented facts about home buying in America: Surprising numbers of consumers don’t bother to shop for mortgage money, even though they could save tens of thousands of dollars through lower interest payments by doing so. People search incessantly online to find the best deals on hotel rooms, kitchen appliances, furniture, […]
  • Donor to de Blasio said mayor looked the other way on illegal contributions March 23, 2018
    A major donor to Mayor Bill de Blasio testified on Thursday that the politician turned a blind eye when he told him he would need to set up illegal campaign contributions. Former Queens restaurateur Harendra Singh testified that, after warning de Blasio he would need to reimburse donors, the mayor responded, “Listen, I don’t know, […]