Real Estate News from September 2014

  • Brooklyn Community Institutions Are Privatizing By Brad Bergan | September 30, 2014

    On September 19th, NYU Langone Medical Center withdrew from negotiations to take over health-care services at Long Island College Hospital, creating an air of doubt regarding overarching plans to create health-care and housing units on the Cobble Hill Site. SUNY Downstate Medical Center and Fortis Property Group had been working with NYU on the broader LICH project.

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  • Government Crackdowns Exacerbate AIRbnb’s Collateral Damage By Brad Bergan | September 29, 2014

    It’s dawn, and your eyes unconsciously follow a soft crimson light scaling up the oak door of a victorian-style bedroom. Coffee, bacon, buttery biscuits and gravy dominate your first breath, so you saunter downstairs where lovely conversations with a landlord reminiscing about famous opera singers, artists, performers at the Lincoln Center and odd souls from other eras await.

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  • REITs vs. Crowdfunding: What's the Difference? By Gianna Villavicencio | September 25, 2014

    Those who decide to put their money in real estate have likely heard the terms 'real estate investment trust' (REIT) and 'crowdfunding.' While both are viable forms of investment, it is crucial to know the kind of product you are looking at before shelling out funds.

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  • City Challenge: 80% Greener by 2050 By Jonathan Tuason | September 24, 2014

    Mayor Bill de Blasio has issued a challenge to the city, and it’s a doozy.  Through a press release, he’s challenged the city to be significantly more environmentally friendly, with a goal of an 80% reduction in greenhouse gas emissions over 2005 levels by 2050.  New York State’s goal is an 80% reduction over 1990 levels.

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  • Real Estate CEO Proposes Aerial Gondola for Better Commuting By Gianna Villavicencio | September 19, 2014

    At the Massey Knakal Brooklyn Real Estate Summit held on September 16, CityRealty CEO Daniel Levy proposed an aerial gondola system that would travel along the Brooklyn waterfront and into Manhattan. Dubbed the East River Skyway, the new plan seeks to give commuters a more scenic ride and supplement the demand for more trains on the L line.

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  • Garment District's Residential Appeal Strengthens By Tasha Moore | September 19, 2014

    Manhattan's renowned Garment District - a zone that spans from Ninth Avenue to Fifth Avenue, and 41st to 35th Streets - has an illustrious history.

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  • Biggest Upcoming NYC Projects By Lara Milbauer | September 18, 2014

    As to be expected, more real estate projects are underway in New York City. So far, as of this recent July, some of the biggest projects were filed and are ready to take action within the next couple of years.

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  • Nonprofits Bank on Manhattan's Condo Boom By Tasha Moore | September 16, 2014

    A small number of Manhattan nonprofit groups that own property are profiting big amid New York's current real estate surge.

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  • Will foreign investment slow in NYC? By Jonathan Tuason | September 15, 2014

    Over the past two decades, the EB-5 visa has permitted foreign investors to plant funding in the United States in exchange for green cards and eventual permanent residency. But for the first time, the visa’s cap has been reached, meaning it won’t be available again until October 2015.

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  • Manhattan's Most Magnificent Penthouses By Lara Milbauer | September 15, 2014

    Manhattan is a vibrant city filled with glamorous homes that most people can only dream of living in. Since the average person doesn’t always get the chance to visit one of these gorgeous homes, here is a list of of the five wildest and most luxurious penthouses in New York City:  

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