In an era of soaring glass skyscrapers, some developers are using a vintage look to differentiate their buildings and close deals in a tightening market. New York City developers are increasingly turning to terra cotta and other natural materials to court buyers seeking authenticity, artisanship and old-world charm, despite costs that often approach $100 more per square foot than modern glass. For instance, the 14-unit Fitzroy in Chelsea, developed by JDS Development Group, has a terra cotta façade and copper-framed ...

Thousands of businesses across the country are already leveraging the new gaming app, “Pokémon Go,” to promote their locations as hubs where game players, who number in the millions nationwide, can catch Pokemon — all in hopes to lure potential customers in through their doors. This thinking has also attracted the attention of real estate brokerages where they could use Pokemon Go to draw people to open houses and leasing offices.

In fact, some realtors are including a property’s proximity to ...

According to the newly released Elliman reports, the Miami market is transitioning from this hyperbolic period that was unsustainable to a market with a more moderate pace.

For the mainland, sales dropped by 12.5% year-over-year, from 5,016 homes and condos sold last year to 4,390 in this year’s second quarter. Miami Beach fared much worse with sales declining 24.7%, from 1,186 deals during 2015’s second quarter to 893 this year.

One major reason behind the ongoing sales slowdown is oversupply: on the ...

The sheer numbers make millennials — those born between 1981 and 1997 — all but impossible to ignore, explains a report from The Real Deal.

Currently 75.4 million strong, millennials surpassed the Baby Boomer generation last year, according to the Pew Research Center. One in five New Yorkers is a millennial, according to data from the U.S. Census Bureau. And their ranks are growing, thanks to an influx of millennial immigrants to the United States.

Their collective spending power is equally enormous. ...

In 1882, the developers of the Rembrandt, the first NYC co-op apartment building at 152 West 57th Street, declared they were seeking “people of means and good social standing,” as owners. Today co-ops still make up the majority of the housing stock in NYC. But the age of the co-op is well and truly over: Since 2000, developers have moved to create a mere 75 new co-op projects, and no more than seven total in any given year, according to ...