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6/16/2021 REBNY 2021: Dusting Off Its Duds as Real Estate Market Starts to Recover—Commercial Observer

In January, the time when the Real Estate Board of New York hosts its annual gala, Commercial Observer decided that just because the banquet was canceled due to COVID-19 didn’t mean that REBNY was irrelevant.
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6/16/2021 Gov. Cuomo announces $26 million available to expand affordable homeownership—WBNG News

Governor Andrew Cuomo announced that $26 million in grant funding is now available to promote affordable homeownership across the state.
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6/16/2021 Remote Work Will Demand Condos With Flexible Bonus Space, Developer Says—Mansion Global

Residential developers face a confluence of shifts ahead, including permanent work flexibility prompting demand for more space at home and a market dominated by millennial home buyers and their specific preferences, said Meg Brod, senior managing director at Rockefeller Group.
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6/15/2021 Dinowitz Bill Allowing Seniors in Co-Ops Access to Home Equity Loans Passed by Legislature—Norwood News

The State Assembly and State Senate have passed legislation (A1508) to allow seniors living in cooperative apartment buildings to apply for “reverse mortgages,” a type of loan currently available to homeowners that transfers built-up home equity into cash.
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6/15/2021 Hudson Valley housing market heats up while pandemic restrictions cool down—Times Herald-Record

The real estate market for single-family homes in the Hudson Valley area has remained white hot as pandemic restrictions have cooled off.
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6/15/2021 Luxury condo building success crucial to Manhattan FiDi—New York Post

The epic conversion of One Wall Street from offices to luxury condos poses a big risk for developer Harry Macklowe, who’s invested $1.5 billion in the landmarked former Irving Bank tower with plans to sell 566 apartments later this year.
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6/14/2021 Real estate winners and losers of the legislative session—The Real Deal

The legislative session is over — for now.
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6/10/2021 A Mystery Buyer Pays a Whopping $157.5 Million for Two Condos in One of NYC’s Tallest Residential Buildings—The Robb Report

Another day, another blockbuster deal at 220 Central Park South.
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6/10/2021 Assemblymember Rosenthal & Senator Kavanagh Announce Passage of Major Reform for Mitchell-Lama Co-Ops—NY State Senate

Assemblymember Linda B. Rosenthal (D/WF-Manhattan) and State Senator Brian Kavanagh (D-Manhattan and Brooklyn), today announced that their Mitchell-Lama reform bill (A.7272/S.6412) has passed both the New York State Assembly and Senate and now heads to the Governor’s desk for signature.
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6/7/2021 Can My Co-op Control When I Install My Air-Conditioners?—The New York Times

Q: My co-op has a new air-conditioner rule: Once we install units in our windows, we’re not allowed to remove them at the end of the season.
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6/7/2021 Harry Winston’s Former Apartment Is Being Sold for $32.5 Million—Women's Wear Daily

A Fifth Avenue apartment that once belonged to the famed jeweler Harry Winston is on the block for $32.5 million.
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6/7/2021 Luxury Buying Spree Persists in New York City and South Florida—Mansion Global

Manhattan’s high-end real estate market has truly emerged from its coronavirus-induced slump, according to the latest data from Douglas Elliman, released Thursday.
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6/7/2021 Naftali Group Secures $103M Loan for Manhattan Condos—Multi-Housing News

Naftali Group has received $102.7 million in construction financing for its latest Upper East Side of Manhattan luxury condominium project, a 13-story building at 1165 Madison Ave.
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6/4/2021 Announcement: PCCC Annual Summit, with Keynote Speaker Senate Majority Leader Chuck Schumer

The President’s Co-op & Condo Council is holding its Annual Summit on June 5, 2021, at 12:30 PM on Zoom, featuring United States Senate Majority Leader Chuck Schumer who will be speaking on issues of importance to co-op/condo homeowners.
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6/4/2021 Flatiron co-op covered in the signatures of rock n’ roll royalty asks $2.8M—New York Post

This rock ‘n’ roll Flatiron loft comes with its own column of New York City music history.
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6/4/2021 MAG Partners Selected to Develop Residential Co-op in Chelsea—Commercial Observer

MaryAnne Gilmartin’s MAG Partners has been tapped to redevelop 335 Eighth Avenue into a mixed-income apartment building with ground-floor retail space, the developer announced Thursday.
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6/4/2021 Required Vaccinations? The Doormen’s Union Says No—Curbed

The other day, I talked to a doorman in New York who’s been working at his building for nearly 30 years.
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5/28/2021 3 Reasons For-Sale Developers Should Break Ground Now—Multi-Housing News

With the condo market gaining steam in an already sizzling housing market, the race is on for developers looking to get shovels in the ground and capitalize on historically low inventory, as well as demand for larger floorplans, private outdoor space and other features that have become must-haves in new construction.
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5/28/2021 These new Hamptons condos are all luxury — no upkeep—New York Daily News

The price of Hamptons homes may be higher than ever, but the sales price is just the start of what buyers will spend.
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5/28/2021 Tishman Realty, PIMCO Acquire Manhattan Condos for $87M—Multi-Housing News

A joint venture between Tishman Realty & Construction and PIMCO has acquired 70 residential condominium units at 505 W. 43rd St. in Manhattan’s Hell’s Kitchen neighborhood from developer Elad Group for $87.4 million.
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