Long Island City could be on the receiving end of another 15,000 apartments if the City Council approves a rezoning proposal slated for a vote later this month. If the neighborhood’s prior evolution is any indication, a fresh slate of sites is likely an attractive prospect for developers, who have delivered thousands of housing units since a major rezoning in 2001. Long Island City has transformed in recent years from an aging industrial scape to a desirable residential hub. The area’...| Latest New York Real Estate News
A downtown office building is poised for a residential makeover. InterVest Capital Partners, which bought the 48-story tower at 30 Broad Street in the Financial District at a foreclosure auction in June, filed plans to convert the building into 571 rental apartments, Crain’s reported. InterVest picked up the building after putting up the only bid of $1,000 at the auction. Elliott Ingerman and Bill Brodsky’s Tribeca Associates originally bought the building for $130 million in 2016. Th...| Latest New York Real Estate News
When a process doesn’t work, people find a way around it — legal or not. Housing court is an example, but first, another one. Trigger warning: It’s about immigration. For some desperate people, the benefits of moving to the U.S. are great, but the chances of immigrating legally are small, and it takes years just to get an answer. So they sneak in, or overstay their visa. For the same reason, some New York landlords change the locks rather than go to housing court to evict someone — es...| Latest New York Real Estate News
High-end saunas and spa concepts are taking over New York City. Many are operating as quasi-third spaces.| The Real Deal
The pledge from Standard Communities’ Jeffrey Jaeger and Scott Alter will support innovative approaches to affordable housing.| UCLA Luskin
The Daily Dirt details Zohran Mamdani’s sidewalk shed proposals.| The Real Deal
Compare Northspyre vs. Rabbet to find the best real estate development software for your team. The post Northspyre vs. Rabbet: Real Estate Development Software Compared appeared first on Northspyre.| Northspyre
Vanbarton Group Refinanced 990 Sixth Avenue with a $280 million Invesco loan| The Real Deal
Discover the impact the current development environment is having on land costs. The post A Silver Lining Amid Construction Slowdown: Lower Land Costs appeared first on Northspyre.| Northspyre
Everything you need to know about LIHTC updates. The post What LIHTC Legislative Changes Mean for Affordable Housing Developers appeared first on Northspyre.| Northspyre
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Speed up draw requests with automation built for real estate development teams. The post How to Streamline Your Draw Request Process by 75% appeared first on Northspyre.| Northspyre
Here's where developers can find opportunities in the second half of 2025. The post First Half Recap: CRE Shows Resilience Amid Headwinds in 2025 appeared first on Northspyre.| Northspyre
Everything CRE developers need to know about the summer interest rate outlook. The post Why CapEx Is Gaining Momentum in Today’s Market appeared first on Northspyre.| Northspyre
Everything CRE developers need to know about the summer interest rate outlook. The post No Summer Rate Cut: CRE Developers Shift Focus to the Fall appeared first on Northspyre.| Northspyre