New York
Under a New New York Budget Agreement, Unlicensed Cannabis Shops Will Face Closure
New York State is taking a firm stance against retailers and landlords disregarding cannabis regulations. Despite delays in permit issuance resulting in a surge of unlicensed weed shops, Governor Kathy […]
Read More....Investors Eyeing Country Clubs and Golf Courses
Golf’s revival has reignited investor interest in country clubs, as reported by Andy Medici of The Business Journals. Steven Ekovich, Executive Managing Director at LIPG, notes a 66% surge in […]
Read More....City Council Passes Zoning Change to Allow for NYC Casino
The New York City Council paved the way for prospective casino developers by passing a bill on Thursday that permits zoning changes for state-approved gaming facilities. Under this legislation, developers […]
Read More....Citadel Progresses with Park Avenue Tower Plans
Billionaire investor Ken Griffin, founder of hedge fund Citadel, along with developers Vornado Realty Trust and Rudin, are forging ahead with plans to erect a 1.8 million-square-foot office tower on […]
Read More....The exclusivity of New York’s million-dollar earner club is diminishing
Between 2020 and 2021, New York saw an increase of over 21,000 tax filers reporting earnings of $1 million or more, as revealed by recent data from the Internal Revenue […]
Read More....Office Features’ Impact on Tenant Premiums
In recent years, office tenants nationwide have downsized their real estate holdings, but certain building features not only retain tenants but also command premium rents. Amenities like roof terraces, sky […]
Read More....The Commercial Real Estate Super Broker Era Comes to an End
Has the era of the super broker come to an end? This question surfaced recently as two prominent New York City-based investment sales brokers departed from their positions at large […]
Read More....Increase of Medical Office Leases in New York
More New Yorkers can anticipate the arrival of medical providers in their neighborhoods soon. According to a report by JLL, the medical office inventory in New York City reached 6.3 […]
Read More....Fresh Incentives are Targeted at Kickstarting the Conversion of Office Buildings
For years, municipalities have utilized incentives to stimulate desired investments or address persistent issues requiring private-sector involvement. Presently, city officials are rolling out or enhancing programs to promote office-to-residential conversion […]
Read More....$3.3 Billion in Federal Grants is Accelerating the Initiation of Numerous Projects
Federal officials have disclosed the distribution of the remaining grants for transportation and commercial developments in cities such as Boston, Chicago, and New York. The U.S. Department of Transportation […]
Read More....New York’s Industrial Space Outpaces National and Major City Growth
The U.S. industrial sector is contending with a surge in available space, with New York experiencing a faster increase than other cities. Nationwide, a building boom has contributed to a […]
Read More....10 Most Inventive and Inspiring CRE Projects
LoopNet’s readers continued to be captivated by adaptive reuse projects in the past year. Innovative endeavors demonstrated how tenants and owners could unlock potential in unconventional spaces, leading to creative […]
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