Category: New York

China’s sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. For real estate to see significant stabilization, homebuyers’ demand and confidence will need to improve after a market downturn of nearly three years, Edward Chan, director, corporate ratings, S&P Global Ratings, said during the firm’s webinar on Monday. S&P is still sticking to its base case from earlier in the month that China’s property market is likely still “searching for a bottom,” he said. BEIJING — China’s sweeping moves on Friday…

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Texas and Florida metros dominate the best places for buyers in Zillow‘s latest real estate market heat index, securing seven of the top 10 spots. But most of the country’s 50 largest metros — and the U.S. at large — “favor sellers,” according to the latest real estate market report from Zillow. Skylar Olsen, Zillow chief economist said: “Prospective buyers in most markets today are feeling less intense competition than in recent spring shopping seasons. Pressure is easing up as mortgage rates raise costs and sellers return. However, the pool…

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Latham & Watkins has bolstered its partner bench across Washington DC and New York, boosting its healthcare and life sciences team with former FDA lawyers Jennifer Bragg and William McConagha from Skadden in DC as real estate transactions lawyer Douglas Heitner joins in New York from real estate investment trust (REIT) Safehold.  Latham’s cross-disciplinary healthcare & life sciences team is an industry leader, recognised for its handling of complex M&A, collaboration and licensing deals. The team also counsels pharmaceutical and medical device companies on regulatory matters including new product approvals…

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Latham & Watkins LLP1 is pleased to announce that Douglas Heitner has joined the firm’s New York office as a partner in the Real Estate Practice. Heitner advises clients on the full spectrum of real estate transactions, including joint ventures, financings, investment sales and acquisitions, secondary market debt acquisitions and dispositions, developments, leasing, loan workouts, and public and private projects across numerous sectors and asset classes. Having served both as a general counsel and in private practice, Heitner has a unique perspective on the real estate industry and associated market…

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Douglas Heitner brings diverse experience working in-house and in private practice on the full range of sophisticated real estate transactions. NEW YORK, May 20, 2024 /PRNewswire/ — Latham & Watkins LLP1 is pleased to announce that Douglas Heitner has joined the firm’s New York office as a partner in the Real Estate Practice. Heitner advises clients on the full spectrum of real estate transactions, including joint ventures, financings, investment sales and acquisitions, secondary market debt acquisitions and dispositions, developments, leasing, loan workouts, and public and private projects across numerous sectors…

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Standard Digital Weekend Print + Standard Digital wasnow $75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT FT Videos & Podcasts 20 monthly gift articles to share Lex: FT’s flagship investment column 15+ Premium newsletters by leading experts FT Digital Edition: our digitised print…

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It’s official: New York City has its tightest housing market in 50 years, and the affordability crisis facing middle-class New Yorkers has reached historic proportions. A quarter of the city’s tenants spend more than half of their income on rent. And with significant increases in both interest rates and home prices, a family now needs to earn more than $250,000 annually to afford to buy a typical home. The reality is that it will take years — and enormous political will — to build the amount of housing our city…

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If you’re looking to invest in sizzling real estate markets, look no further than New York! Bucking the national trend of cooling markets, New York state has three cities claiming the top spots on Zillow’s 2024 Market Heat Index. Let’s dive into why Rochester, Syracuse, and Buffalo are burning up the housing charts. New York Housing Market Shocker: 3 Upstate Cities Top National Rankings Rochester Reigns Supreme Coming in at number one is Rochester, boasting a near-perfect Market Heat Index score of 187.5. This metric considers factors like rising home…

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This week’s properties are a five-bedroom in Port Washington, N.Y., and a two-bedroom in Guilford, Conn. Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International Realty Daniel Gale Sotheby’s International…

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2024 brings new trends and challenges to New York’s real estate market, offering investors and buyers exciting opportunities. BROOKLYN, NEW YORK, USA, May 16, 2024 /EINPresswire.com/ — The New York real estate market in 2024 is characterized by a dynamic mix of trends and challenges, offering both opportunities and considerations for investors and buyers alike. 1. Economic Overview The New York economy is dynamic, with diverse sectors contributing to its growth. Key economic indicators, such as GDP, employment rates, and consumer confidence, play a crucial role in shaping the real…

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The housing market has been a hardscrabble landscape for many homebuyers for years now. First, buyers looking for homes at the height of the COVID-19 pandemic enjoyed low mortgage rates, yet faced massive competition that helped drive median home prices to all-time highs. As the pandemic receded, mortgage rates shot up to the mid-6% to 7%-plus range, where they continue to linger. Today’s buyers also face inventory shortages, with active listings down 35.9% this April compared with typical 2017 to 2019 levels. All this real estate market turbulence might make the average buyer feel…

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The Global Wellness Institute (GWI), a nonprofit research organization, released a new data report yesterday at the third annual Wellness Real Estate & Communities Symposium in New York. The report reveals that wellness real estate has been the fastest-growing market in the 11-sector wellness economy in recent years, surging from $225 billion in 2019 to $438 billion in 2023. This signifies a 18 percent growth rate in comparison to the five percent annual growth rate for overall global construction.  With the pandemic accelerating the importance of wellness spaces, the GWI…

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Rudy Giuliani’s upscale Manhattan residence has returned for sale shortly after the former New York City mayor found himself suspended from his radio show at WABC, The Post has learned. The property, located at 45 E. 66th St., has reemerged with a notable price adjustment. It’s now listed for $5.7 million, representing a $400,000 reduction from its most recent ask. Giuliani had previously withdrawn the three-bedroom, three-bathroom unit from the market in February despite initial efforts to sell it amid ongoing legal battles. The property resurfaced on the market with…

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