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…
Read MoreSince 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…
Read MoreALBANY—The fallout from an investigation late last year by Newsday that uncovered housing discrimination practices on Long Island has led to new harsh regulations imposed by New York State, including possible suspension or revocation of a Realtor’s license if found to have violated the state’s Human Rights Law. Gov. Andrew Cuomo on Aug. 3 signed…
Read MoreNew York Gov. Andrew Cuomo and the National Governors Association are pressing Congress to include billions of dollars in financial assistance to state governments as part of the next COVID-19 aid package currently being debated in Washington, D.C. Gov. Cuomo in a letter to the New York Congressional delegation said that New York State is…
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news
NEW YORK—Corcoran Group, LLC announced recently the launch of its newest affiliate, Corcoran Country Living, which is based in the Hudson Valley. The announcement was made virtually by Pamela Liebman, president and CEO of The Corcoran Group. This is the sixth Corcoran affiliate to launch in the U.S. since the start of the year, and…
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legal-advocacy
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
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
NEW YORK—Corcoran Group, LLC announced recently the launch of its newest affiliate, Corcoran Country Living, which is based in the Hudson Valley. The announcement was made virtually by Pamela Liebman, president and CEO of The Corcoran Group. This is the sixth Corcoran affiliate to launch in the U.S. since the start of the year, and…
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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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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
Editor’s Note: With this column, John Vrooman has logged 20 years as the Computer Technology columnist for Real Estate In-Depth. Siri is the name of the voice-controlled personal assistant that's available on Apple devices that run iOS, watchOS, macOS, and tvOS. Although Siri has been around for a decade now, it's still underutilized by many.…
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mortgage
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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