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10/26/2020 What will New York real estate look like next year?—The Business Times

One in five New York City tenants did not pay rent in September, by one estimate, and there is growing concern of "an eviction tsunami". As apartment vacancies climb, sale prices and rents are falling, but nowhere near the magnitude needed to compensate for scarce affordable housing options.
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10/26/2020 Loan payments loom as Trump fights for his political future – and the future of his business—The Washington Post

At President Trump’s hotel in Chicago, the most recent board meeting began with bad news. This year’s numbers were awful. Revenue had plunged. The hotel was just 24 percent occupied.
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10/23/2020 Famed Painting Missing For 60 Years Found In UWS Apartment—Patch.com

It is not every day that a valuable and decades-long missing piece of art gets found hanging on the wall of an elderly couple's apartment on the Upper West Side.
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10/23/2020 Developer Howard Hughes Corp. plans $1.4 billion Seaport project with apartments, condos, museum renovations—New York Business Journal

The Howard Hughes Corp. plans to invest $1.4 billion in Manhattan’s Seaport District to build condos and affordable housing and upgrade the South Street Seaport Museum.
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10/23/2020 Forest Whitaker Bags Historic Upper East Side Duplex—Variety

Not quite a year on from selling his Hollywood compound for $3.85 million, Academy Award winner Forest Whitaker has headed back East — specifically, to the Big Apple — where he’s ponied up almost $1.6 million for a garden duplex on Manhattan’s ritzy Upper East Side.
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10/23/2020 Follow the green brick road: Affordable housing through energy efficiency—New York Daily News

Our city’s bright future got a little dimmer following last week’s heartbreaking, untimely death of Cecil Corbin-Mark, a lifelong Harlem activist and deputy director of WE ACT for Environmental Justice.
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10/22/2020 Susan Sarandon Sells Longtime New York Apartment—Architectural Digest

Susan Sarandon is ready to move on from her longtime New York apartment after nearly 30 years of ownership.
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10/22/2020 Downtown Condos Lead Manhattan’s Luxury Real Estate Deals, Again—Mansion Global

For the second week in a row, 14 high-end contracts were signed last week in Manhattan, according to Olshan Realty. That’s five fewer than the same week last year.
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10/19/2020 Permits Filed For 684 Dean Street In Prospect Heights, Brooklyn—New York YIMBY

Permits have been filed for a six-story residential building at 684 Dean Street in Prospect Heights, Brooklyn.
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10/19/2020 Another Landlord Challenge to Evictions Pause Fails, Van Halen Avenue, and Other News—Curbed

Since the beginning of the pandemic, a series of perplexing, often vague orders from Governor Andrew Cuomo has kept New Yorkers from being evicted and repeatedly pushed back the date as to when eviction cases can move forward in housing court.
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10/19/2020 Starwood suing HFZ for $157M over co-op conversion loan default—The Real Deal

Starwood Property Trust is suing Ziel Feldman’s HFZ Capital Group, charging the developer defaulted on loan payments at an Upper West Side co-op conversion and failed to abide by a forbearance agreement.
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10/16/2020 New York Lost $755 Million in Tax Revenue from Real Estate Deals—Bloomberg

Real estate sales in New York City are plummeting, and so is the tax revenue that’s generated with every transaction.
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10/16/2020 The Revival of the New York Pied-à-Terre Tax—Law.com

The economic shutdown triggered by the COVID-19 pandemic has resulted in an astonishing $14 billion budget deficit in New York, with projections of up to $30 billion by 2022, according to New York Governor Andrew Cuomo.
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10/16/2020 Permits Filed For 63-02 Fresh Pond Road In Ridgewood, Queens—NY YIMBY

Permits have been filed for a three-story mixed-use building at 63-02 Fresh Pond Road in Ridgewood, Queens.
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10/16/2020 National Cooperative Bank Originates Over $139 Million for New York Area Cooperatives and Condominiums in Third Quarter—Multifamily Biz

National Cooperative Bank (NCB), a leading lender to cooperative housing and condominiums throughout the Tri-State area, originated over $139 million to 72 New York area housing cooperatives and condominiums during the third quarter of 2020.
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10/14/2020 Windows Going In at Massive Development on Former Witnesses Parking Lot in Dumbo—Brownstoner

An enormous and long-in-the-works block-long development in Dumbo keeps chugging along.
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10/14/2020 Court Bounces Books-and-Records Petition in Feud Over Park Avenue Co-op Board’s Rejection of Prospective Purchasers—JDSupra

The white glove, prewar cooperative apartment building at 510 Park Avenue and 61st Street in Manhattan is, for those who reside there, an address that shouts out, “I’ve made it to the top!”
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10/14/2020 Wonder Works’ UES condo being shopped at foreclosure sale—The Real Deal

An Upper East Side condo developed by Wonder Works Construction is facing UCC foreclosure, the latest in a spate of recent actions taken against struggling condo developers.
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10/14/2020 Permits Filed For 2535 Frederick Douglass Boulevard In Harlem, Manhattan—New York YIMBY

Permits have been filed for an eight-story mixed-use building at 2535 Frederick Douglass Boulevard in Harlem, Manhattan.
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10/12/2020 HUD's New Final Rule on Disparate Impact Provides Clarity and Greater Defenses for Housing Providers—Lexology

The U.S. Department of Housing and Urban Development (HUD) recently released its final rule addressing the legal requirements for disparate impact cases brought under the Fair Housing Act (Final Rule).
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