The LeFrak Organization stands as a monumental figure in New York City’s real estate landscape, with a history that stretches back over a century. Founded in 1901 by Harry LeFrak, the company began its journey in Queens, New York, before expanding its footprint across the city and beyond. Under the leadership of successive generations, LeFrak […]
LeFrak Organization Challenges Housing Court Delays in Legal Battle Read More »
In a significant move that impacts thousands of residents, Blackstone Group has ceased its legal challenges to modify rent stabilization laws at Stuyvesant Town-Peter Cooper Village, Manhattan’s most extensive apartment complex. This development was first reported by Gothamist and marks a pivotal moment for the roughly 11,200 apartments that will continue to be governed by
In a bold move set to redefine the iconic Hudson Yards skyline, Related Companies has unveiled ambitious plans for a sprawling three-tower development, including a massive casino complex. This announcement marks a pivotal moment in the competition for one of three coveted downstate gaming licenses, with Related’s proposal standing out among a flurry of contenders.
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In the bustling metropolis of New York City, the real estate sector is experiencing a crisis, particularly within rent-stabilized buildings. The turmoil intensified with the recent legislative actions, including a bill signed by Governor Kathy Hochul in December 2023, expanding the definition of fraud in rent overcharge cases and further complicating the landscape for landlords
The Impact of New York’s Rent Law on Stabilized Buildings: A Crisis in the Making Read More »
How to Analyze a Value-Add Real Estate Deal A value-add real estate deal is a type of investment opportunity in which an investor can increase the value of a property by making improvements or implementing changes. The goal of a value-add deal is to purchase a property that is undervalued or has potential for improvement,
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Equity Residential (NYSE: EQR) EQR quotes by TradingView Business Overview: Equity Residential is a preeminent, fully-integrated, publicly-traded multi-family real estate investment trust (REIT) in the United States. This S&P 500 constituent boasts a portfolio of top-notch apartment properties in highly coveted markets across the nation. Although the company has established a solid presence in prominent
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Uncovering the Strategies of Successful Build-to-Suit Real Estate Deal A build to suit development, also known as a build-to-suit or a design-build project, is a real estate development in which a property or facility is constructed specifically to meet the needs and specifications of a single tenant. Developers can profit from a development project through
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Maximizing Profit: A Step-by-Step Guide to Assigning Contracts During the Feasibility Period Commercial real estate wholesaling is a strategy used by investors to buy and sell commercial properties quickly for a profit, without actually taking ownership of the property. The investor, known as the wholesaler, enters into a contract to purchase a commercial property and
The Essential Guide to Valuing Commercial Real Estate: Mixed Use (Retail/Residential) Appraisal Example – New York, NY When it comes to buying or selling commercial real estate, accurate valuation is key. Whether you’re looking to invest in a new property or trying to determine the value of a property you already own, understanding the different