In New York, where more than 3,500 new luxury apartments are hitting the market this year, developers now have to work much harder for a sale. As a result, they are leaning on different sales tactics like offering limited price discounts, gift cards, parties for brokers or creating two units from one, to create momentum at their projects.
For example, in Soho at 10 Sullivan St., an 8,400-square-foot penthouse listed at $45 million was sliced into two smaller units. Neither ...

While neighborhoods like Wynwood, Brickell and Midtown have grown in popularity, Lincoln Road has become stale for many locals and tourists. City of Miami seems to agree, and as a result, commissioned a renowned landscape architecture firm to dream up a new vision for the mall.
Last year, James Corner Field Operations presented a lush reimagination of the public space, featuring redesigned planters with seating carved out along the edges, a reorganization of cafe tables toward the center to create ...

With supply outpacing demand for luxury rentals, price growth is nominal and landlords are increasingly shelling out concessions to renters in Manhattan and Brooklyn. The median rental price hit $3,450, a mere 0.9 percent year-over-year increase.
In Manhattan, the share of new leases with landlord concessions in July was more than double seen at the same time last year, according to Miller Samuels latest market report. Nearly 11 percent of the new leases (versus 5.3 percent in July 2015) provided ...