News: Brokerage

Phase I of Residences at Palmer Square nearing completion: 27 homes

The Residences at Palmer Sq. is anticipating completion of the 27 homes in phase I. The 11 townhomes in phase I will be completed by early fall and the 16 condos by the end of the year.When completed, the development will consist of 100 homes, including 17 federal-style, two and three-bedroom townhomes and 83 one, two and three-bedroom condos located in seven buildings. Construction is being executed in three phases, with completion scheduled for 2012. "We're delighted with the progress of construction," said Jay Goldberg, head of sales and marketing for The Residences. "The development is really beginning to take shape, allowing passersby and prospective buyers the opportunity to get a sense of the look and feel of the completed neighborhood."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced