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Mayor Zohran Mamdani wants to build big. Sometimes. In his six months as New York’s mayor, Mamdani has backed several large-scale affordable housing projects. On Thursday, he attended a ribbon-cutting in East New York for a 386-unit affordable project led by Gotham Organization and Monadnock Development. The second phase of the project, called Innovative Urban…
A longtime Brookfield exec is headed to Pretium Partners to oversee the alternative investment manager’s real estate debt and equity business. Christopher Reilly is swapping his seat at Brookfield Asset Management, where he has spent the last 14 years, for the role at Pretium, PERE News reported, citing multiple anonymous sources. Brookfield declined to comment,…
In May 2024, Nissan moved for summary judgment – a ruling without a full trial – arguing it had no legal obligation to maintain the property or its sidewalk. An employee submitted an affidavit stating the company “did not own, possess, or control the property” at any relevant time. The Supreme Court, Queens County, granted…
For months, there was tons of speculation as to what the 2027 Social Security cost-of-living adjustment, or COLA, would amount to. Earlier in the year, some experts were calling for a COLA above 4% as inflation soared, driving prices up just about everywhere. Those COLA estimates then settled neatly into the mid-3% range as the…
On standing, the court found Wells Fargo’s predecessor held the note – endorsed in blank – when the action was commenced. A document execution associate at the loan servicer submitted an affidavit confirming possession. The estate did not raise a triable issue of fact. On notice, a process server’s affidavit showed the administrator had been…
The news never sleeps, and journalists want a comfy space to do their critical work. Digital news organization Semafor has inked a 12,000-square-foot lease at WB Property Group’s 495 Broadway just off Broome Street in SoHo, tenant broker Okada & Company confirmed to Commercial Observer. The lease was first reported by Traded. SEE ALSO: Investment…
By Sammy Hudes The Competition Bureau says it has reached a settlement with Quebec’s real estate industry association to loosen data-sharing restrictions that violated the Competition Act. The watchdog said the Quebec Professional Association of Real Estate Brokers and its subsidiary, Société Centris, broke abuse of dominance rules by refusing to provide members with a…
This article was written by Follow Ivan Gaddari is an independent algorithmic trader with approximately 15 years of experience in financial markets, specializing in the systematic and discretionary trading of forex and commodities. His work centers on building and running quantitative trading systems, combined with a discretionary orderflow layer using cumulative volume delta (CVD) and…
Government plans to deliver 1.5 million new homes by 2029 face mounting challenges as official data shows a consecutive decline in new-build construction output over recent months. Office for National Statistics figures reveal that private sector residential new-build completions in Britain fell from 3,309 units in May to 3,103 in August, representing a 6.2% decline…
Michael Bloomberg‘s philanthropic organization is bringing funding to 30 cities in hopes of speeding homebuilding reforms. Bloomberg Philanthropies and nonprofit think tank Accelerator for America will lead a project to give hundreds of thousands of dollars to help cities improve their permitting and approval processes for new housing. The awards come as cities across the…