What the pied-à-terre tax means for brokers advising NYC buyers
A real estate attorney says the pied-à-terre tax has structural complications for co-ops and condos that brokers need to understand
Similar Posts
Ellington Financial nears servicer acquisition agreement
Ellington Financial is approaching a deal to acquire a “small” servicer, with expectations of an agreement to come later this quarter. Processing Content The investment manager and parent company of reverse lender Longbridge Financial teased the pending acquisition in a second-quarter earnings call, noting any newly purchased assets would not necessarily have a noticeable impact…
Mastercard Considers Selling Vocalink UK Payments Business
Mastercard is reportedly considering a sale of its U.K. retail payments business Vocalink. That’s according to a report Monday (July 13) from the Financial Times (FT), which says this move comes as Mastercard fields concerns about a “strategically critical” asset being under American ownership. These discussions, the report added, come at a pivotal moment for…
Government may roll out flexible pension scheme for all workers under EPFO 3.0 reforms: Report
The government is working on a new contributory pension scheme that could significantly expand retirement coverage beyond the existing Employees’ Pension Scheme (EPS), according to a report by The Indian Express. The proposed scheme, which is part of the government’s EPFO 3.0 reform agenda, aims to cover workers in both the organised and unorganised sectors,…
Hammerson raises guidance with acquisition of 50% stake in Manchester Arndale
The company raised its earnings outlook after delivering operational growth across its flagship retail destinations and completing its first major external acquisition in more than a decade. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE…
HMO properties drive landlord yields above 7% in Q2 2026
Average landlord gross rental yields in the UK reached 7.02% in the second quarter of 2026, according to data from Paragon Bank, with houses in multiple occupation (HMOs) leading the growth. The figures, based on Paragon’s lending portfolio, show an increase from 6.96% in the first quarter of 2026 and represent the final quarterly data…
Physical AI’s Biggest Challenge Is the Last 50 Feet
Last-mile delivery, the final leg that moves a package from a local hub to a customer’s door, already accounts for more than half of total supply chain costs, and U.S. carriers spend an estimated $90 billion a year on that leg alone, according to industry estimates cited by Boston Dynamics. Almost all of that expense…
