Follow this tag to curate your own personalized Activity Stream and email alerts.
In the first half of 2019, New York City apartment building sales fell 48% from the same period a year earlier, B6 said in a report. It was the biggest decline for any six-month period in data going back to 2009. In northern Manhattan, which includes Harlem, the drop in multifamily purchases led to a 61% slide in all commercial-property transactions, the firm said. — Bloomberg
Across New York City, as the effects of the New York State's recently-enacted rent control laws begin to take shape, apartment building owners are having a tough time finding investors to purchase their properties. According to Bloomberg, apartment building sales are down nearly 50-percent... View full entry
Municipal laws in New York City are hampering the city's real estate developers and building owners as they look to embrace the use of drones to perform periodic building and facade inspections on their properties, according to a report in The Wall Street Journal. In New York City... View full entry
A new housing typology will be coming to the Chicago neighborhoods of West Humboldt Park and Bronzeville, where Perkins + Will architect Greg Tamborino will bring his independently-produced, competition-winning affordable housing designs to a pair of vacant lots. Tamborino was recently announced... View full entry
Her newly resurrected 114-year-old Purse Building features a floor-to ceiling mural of the late Jacobs, an urbanist activist and author of The Death and Life of Great American Cities, superimposed on a downtown street grid. Above Jacobs’ striking bespectacled image, her mantra “New ideas need old buildings” blazes in neon lights. — Dallas Morning News
The Dallas Morning News profiles Tanya Ragan, a Dallas-based real estate developer who is taking on commercial real estate's "boys club" mentality with a Jane Jacobs-inspired approach. Ragan's Wildcat Management is behind a series of new and forthcoming projects, including the... View full entry
Miami’s high-end real-estate market has drastically slowed in the past several years, as the Latin American buyers who led a frenzy of postrecession purchases have all but disappeared. South American economies that were roaring in the early years of the decade, including Brazil, Argentina and Venezuela, are now facing severe economic distress, which has devalued their currencies and left purchasers from those countries with far less buying power in the U.S. — wsj.com
Oversupply, the unknown threat of climate change, and shifting immigration patterns are pushing high-end condominium prices downward in Miami, where, The Wall Street Journal reports, sales have fallen off 24 percent from last year. “There’s just an abundance of inventory,” Alexandra... View full entry
For minorities and female developers, “access to capital has been the biggest challenge,” said Peebles, who has been an outspoken advocate for diversity in the industry. “I looked at how to address that for a number of years. No one in the country is doing this on a national level.” — therealdeal.com
Real estate developer Peebles Corporation has unveiled a $500 million investment fund that will be used to fuel development projects led by women and racial minorities. According to The Real Deal, the fund will focus on urban infill projects with budgets between $10 and $70 million in... View full entry
Pelli Clarke Pelli, Adamson Associates, OJB Landscape Architecture, and developers Oxford Properties Group have unveiled plans for Union Park, a 4.3 million-square-foot marquee development that could reshape the Toronto skyline. View of the proposed rail yard cap park. Image... View full entry
The University of California, Berkeley has named Practice for Architecture and Urbanism (PAU) founder Vishaan Chakrabarti as the new dean for the university's College of Environmental Design (CED). Chakrabarti comes to UC Berkeley after teaching at the Columbia University Graduate... View full entry
Little by little, new biometric technologies are making inroads into the domestic sphere. The Wall Street Journal reports that digital fingerprint lock and facial-recognition systems have become a fact of life for some of the wealthiest homeowners and now come standard for many high-end... View full entry
New York City-based architects Kohn Pedersen Fox Associates (KPF) have broken ground on their first high-rise residential project in Philadelphia. The 47-story glass-and-steel monolith, called Arthaus by developer Dranoff Properties, is designed as a bundled mass made up of four towers that each... View full entry
One of the largest potential office buildings in New York City has long been in the works on the site of the Hotel Pennsylvania, at 401 Seventh Avenue, with renderings for a soaring supertall first released last decade [...] the latest on Vornado’s newest vision for the site, which would place Facebook within a massive 2.8-million-square-foot tower designed by Rafael Vinoly, dubbed “Penn15” in the brochure. — New York Yimby
Renderings of the 1,400-foot structure paint a new picture for Facebook's new office building plan. It's been stated that "Facebook has already publicly committed to One Madison Avenue in NoMad, so this ideation may already be moribund." Despite the recent commitment placed by Facebook, Vornado... View full entry
The wait is over. New York's Hudson Yards, which took nearly 20 years of planning and development, finally opens today. In 2001, the project's name and role in a potential 2012 Olympic bid were brought to the public eye. Between May 2004 to December 2010, Hudson Yards experienced a series of... View full entry
