New York’s New Pied-à-Terre Tax: What Buyers Need to Know

4 June 2026

For more than a decade, the so-called “Pied-à-Terre Tax” has repeatedly surfaced in New York political discussions. Long debated but never enacted, this tax targeting certain high-value secondary residences finally reached a major milestone in 2026. So what exactly is […]

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New development market in New York City returns to pre-pandemic levels

4 October 2024

The new development market in New York City is making a strong comeback, nearing pre-pandemic performance. Despite closed sales being down nearly 13% year-over-year, contract signings saw an 8% increase in the third quarter, according to data from Marketproof. Contracts […]

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David and Victoria Beckham expand Miami presence with $80M waterfront mansion on North Bay Road

27 September 2024

David and Victoria Beckham are strengthening their South Florida ties by acquiring a luxury waterfront mansion at 4736 North Bay Road in Miami Beach, currently listed for $80 million. The celebrity couple, known for their real estate ventures and high-profile […]

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Valued at $22M, bought for $35M: How much is a distressed office worth?

20 September 2024

The ongoing saga of 16 East 40th Street, a modest, century-old office building in Midtown Manhattan, sheds light on the uncertainties surrounding the valuation of distressed office assets in today’s market. The building, co-owned by Albert Monasebian and Nader Hakakian, […]

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South Florida agents navigate NAR changes

13 September 2024

South Florida Agents Navigate NAR Changes South Florida agents are adjusting to new rules from the National Association of Realtors (NAR) requiring buyers to sign broker agreements before touring properties. Some prospective buyers are reluctant to sign these agreements early […]

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Brooklyn poised to outpace Manhattan in new development sales

13 September 2024

Brooklyn is gaining momentum in the new development market, with August showing a significant uptick in contracts, while Manhattan remains steady and the luxury market struggles, according to Marketproof’s monthly report. In August, 246 contracts were signed citywide, slightly up […]

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Miami and New York Real Estate Investment Conference — Archive

5 September 2024

This archive preserves an invitation to a conference about real estate investment in Miami and New York, announced for September 10, 2024, at 7 p.m. The event date has passed. For current information about a property project in the United […]

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New details and renderings unveiled for Ken Griffin’s $1 Billion supertall tower in Miami

30 August 2024

Billionaire hedge fund manager Ken Griffin is planning a major development in Miami’s Brickell neighborhood, following his $670 million investment in land in 2022. Detailed plans were recently submitted for a 1,032-foot, 54-story mixed-use tower at 1201 Brickell Bay Drive, […]

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Transforming Times Square: RXR and SL Green Eye Office-to-Residential Conversion at 5 Times Square

16 August 2024

Scott Rechler and Marc Holliday, leaders of RXR and SL Green, are considering transforming 5 Times Square from an office building into residential units, according to sources cited by Commercial Observer. This move suggests a shift in strategy, particularly as […]

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