News
Four Proposals, Including MGM Empire City in Yonkers, Vie for Up to Three Full Downstate Casino Licenses
The $8-billion Metropolitan Park casino project to be developed adjacent to Citi Field in Queens by billionaire New York Mets owner Steve Cohen advanced today thanks to a unanimous 6-0 vote by its CAC.
U.S. Pending Home Sales Rose Nearly 4% in August While Northeast Pending Deals Fell Slightly
Lower mortgage rates are enabling more homebuyers to go under contract.
Now There are Two: CAC Approves $5.5 Billion Resorts World New York City Project in Queens
The Resorts World New York City proposal features a 5.6 million-square-foot integrated resort that will allow for 6,000 slot machines, 800 gaming tables, 2,000 hotel rooms, a 7,000-seat arena, over 7,000 parking spaces and over 30 food and beverage outlets.
Existing-Home Sales Fell 0.2%; New Home Sales Soared Nearly 21% in August
The average 30-year fixed-rate mortgage in August was 6.59%, according to Freddie Mac, down from 6.72% in July and 6.50% one year ago.
BREAKING NEWS: MGM Empire City Casino Project Secures Needed CAC Approval
With the 5-0 CAC affirmative vote, the Yonkers project now advances for full consideration with the New York State Gaming Location Board.
State Agency Extends Ground Lease at Battery Park City in $1.5-Billion Deal
The agreement underscores the continued strength of Lower Manhattan’s office market, of which Brookfield Place comprises approximately 10% of inventory.
HGAR Named Among Top Trade Associations in New York State
HGAR officials noted that its selection “is a testament to the impact of our advocacy, leadership and presence across the region.”
Former Rockland County RE Agent Pleads Guilty to Deed Theft
Dais pleaded guilty today in Rockland County Court to forgery and violation of the Home Equity Theft Protection Act (HETPA).
Purchase and Refi Mortgage Applications Rise Slightly Post Fed Rate Cut
Mortgage rates declined further last week, with the 30-year fixed rate falling to its lowest level since last September to 6.34%.
$3.5-Billion Brooklyn Marine Terminal Plan Clears Major Hurdle
In addition to a revitalized port, the plan passed on Sept. 22 will also create 6,000 new homes—including 2,400 permanently-affordable units—as well as 28 acres of public space.
BREAKING NEWS: CACs Say ‘Strike Three, You’re Out’ to all Manhattan Casino Projects
According to the New York State Gaming Commission website: the CAC for the Empire City project has scheduled a final vote on the $2.3-billion project on Thursday, Sept. 25 at 10 a.m.
Compass to Acquire Anywhere Real Estate for Approximately $1.6 Billion
The transaction is expected to diversify Compass by adding over $1 billion in revenue from Anywhere's established franchise, title and escrow, and relocation operations.