New York

By Veronica Grecu, Associate Editor
A report by Citi Habitats, New York’s largest rental residential brokerage, shows that the city’s rents continued to increase in the second quarter while vacancy rates have fallen to a historic 0.72 percent in Manhattan. Average […]

By Veronica Grecu, Associate Editor
New York’s Chelsea Hotel, which was purchased earlier this year by developer Joseph Chetrit for more than $80 million, will undergo major renovation. Although the exterior renovation is limited because of the building’s Queen Anne architectural […]

By Veronica Grecu, Associate Editor

Senior Housing News highlights New York City’s adherence to the national effort to become more green and sustainable. An example is the completion of Serviam Gardens, an affordable housing complex for low- and moderate-income Bronx […]

By Veronica Grecu, Associate Editor
Beacon Capital Partners has announced plans to sell all or a partial stake of its office tower located in Midtown Manhattan at 1211 Sixth Ave. Beacon purchased the 2 million-square-foot building in 2006 for $1.52 billion. […]

By Veronica Grecu, Associate Editor
Two five-story buildings located on Bryant Avenue in the Bronx have been granted a $600,000 pre-development loan for urgent building repairs. Crain’s New York Business reports that the buildings, totaling 99 units, had 1,631 housing code […]

By Veronica Grecu, Associate Editor
It may come as a surprise, but for those looking to relocate to the Big Apple, Bronx seems to be the best choice. Thanks to an intensive campaign initiated by county officials and private and public […]

By Veronica Grecu, Associate Editor
Boston Properties Inc. will resume construction of a 39-story office building in Midtown Manhattan. The company recently signed a 15-year lease for 180,000 square feet of office space with law firm Morrison & Foerster LLP as […]

By Veronica Grecu, Associate Editor
The board of a 32-story condominium on the Upper West Side has voted with an overwhelming 47 to 3 out of 68 owners to ban smoking inside the apartments. According to a recent article in The […]

By Veronica Grecu, Associate Editor
New York City’s Economic Development Corp. (EDC) has invited developers to submit plans to convert a part of the 62-acre Willets Point industrial zone into a housing project that would also feature retail and hotel space. […]

By Veronica Grecu, Associate Editor
The completion of the 85-acre Brooklyn Bridge Park might be delayed until 2013 for financial reasons. After $233 million spent and more than 20 years of planning, the park is far from being finished. And only […]