According to a November rent report, New York rents have declined 2.8% over the past month, and have decreased sharply by 17% in comparison to the same time last year. Comparable cities nationwide show more affordable rents compared to New York
In cities such as New York, restaurants have expanded onto the street and sidewalks.
Thanks to the boom in content streaming, sound stage real estate properties are gaining increasing attention from institutional investment capital.
Leasing in October was healthy but availability skyrocketed to its highest level in 16 years.
Stephan Leccese will initially focus on two major initiatives: NPL Swap – a marketplace for non-performing loans; and Investors Loan Servicing – a specialized servicer for business purpose loans.
Art Jimenez Jr. served as controller at the Hudson Yards mega-development in Manhattan from 2015 to 2018, where he oversaw some $23 billion of construction projects.
While the national rent index is down 1.4%, performance varies dramatically.
The collaboration with Redirect Inc. will leverage each firm’s deep resources and expertise to provide a holistic platform that incorporates their business advisory and technology capabilities.
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