Featured Articles

Facebook Inks Major Lease Deal at Vornado’s Farley Building

August 2020

NEW YORK—Vornado Realty Trust announced on Aug. 3 that Facebook has leased all of the office space at The Farley Building totaling 730,000 square feet in Vornado’s Penn District. Vornado also released its second quarter financial results and the tremendous impacts caused by the coronavirus pandemic on its operations and finances. The Farley Building is…

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Amid Post-COVID and Social Unrest, Are People Still Moving into Manhattan?

August 2020

Since early spring, when the coronavirus hit the New York metro area hard, headlines have been screeching about the residential flight from Manhattan and other parts of New York City. Newspapers, online publications, blogs, and broadcast media are continuously touting the mass exodus from The Big Apple. High-end luxury condo owners to students and young…

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news
legal-advocacy

LEGAL CORNER: The HEALS Act: Still in Limbo

August 2020

On July 27, 2020, the Senate introduced eight bills, referred to as the Health, Economic Assistance, Liability Protection and Schools Act (HEALS Act), that would offer additional relief for individuals and businesses affected by the COVID-19 Pandemic. On July 31, 2020, an important element of the previously enacted COVID-19 relief packages, the Pandemic Unemployment Assistance…

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people

SPOTLIGHT ON: Matthew McAllister

August 2020

Running for Real Estate Matthew McAllister is always running. As an agent with Keller Williams NY Realty in White Plains, he runs around showing and listing properties, and as title officer with Statewide Abstract Corp. in White Plains, he runs through title searches to protect homebuyers. And in his free time, McAllister also runs. With…

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residential
Viewpoints

Richard Haggerty

GATEWAY PERSPECTIVES: Ensuring the American Dream

August 2020

In recent columns for Real Estate In-Depth I’ve raised the issue of access to safe and affordable housing as one of the keys to addressing the racial inequalities that exist in this country. During this extended period of low housing inventory, we need to prioritize our support for the creation of new affordable housing units,…

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Gail Fattizzi

PRESIDENT'S CORNER: The Power of Partnerships

August 2020

We are seven months through 2020, and most would probably agree it’s been a challenging year so far. I know I personally started the year with optimism and excitement for everything I hoped our leadership team would accomplish for HGAR and our members in 2020. Considering the unforeseen pandemic and other obstacles, the fact that…

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technology
mortgage

Real Estate In-Depth

Nearly $53M Redevelopment, Refinancing Of Fort Schuyler House in Bronx Complete

August 2020

NEW YORK—Fort Schuyler House, Inc., MDG Design + Construction, LLC, Smith & Henzy Advisory Group, Inc., Concord Management of New York, and partners recently celebrated the completion of the $52.7-million revitalization and refinancing of Fort Schuyler House, an affordable senior housing development in the Bronx. The project preserves the affordability of Fort Schuyler House’s 138…

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