For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, taking the top spot from the Russians – whose activity has dropped off in light of recent developments in Ukraine and Russia.
Wealthy Chinese are pouring money into real estate in New York and some other major cities around the world, including London and Sydney, as they seek safe havens for their cash and also establish a base for their children to get an ...

In a letter to shareholders last month, billionaire investor Warren Buffett cited a Greenwich Village retail strip that he bought in 1993 as one of his best long-term investments.

When the Oracle of Omaha made that cash investment, graffiti dotted the 37 storefronts and handwritten discount signs plastered the merchant windows. The property, along 8th Street between University and Broadway and also wrapping around to 9th Street, was home to an incongruous group of tenants from hot dog joint Annie’s Franks ...

The average sales price for a Manhattan apartment jumped by a 30.9 percent year over year, according to a quarterly report compiled by appraisal firm Miller Samuel. The average price per square foot increased by 23.6 percent year over year, to $1,363 in the first quarter of the year.

Rising prices can be attributed to the ongoing Manhattan inventory crisis, which has seen fewer than 5,000 apartments on the market at any given time over five consecutive quarters. Also contributing is ...

Developers are planning to build what could be Miami Beach’s tallest building on the city’s front doorstep — beside the Alton Road flyover at the end of the MacArthur Causeway.

Designed by international architecture firm Perkins + Will, the residential tower would rise 50 stories at the foot of the flyover. A six-story waterfall and three-acre public park would take the place of a dilapidated hospital and parking garage that now greet the millions of visitors streaming into South Beach from ...

The Real Deal Reports that the state is moving forward with plans to sell the Bayview Correctional Facility in Chelsea to developers. State officials expressed hopes to find a project that will stimulate job growth in the community, despite interest from developers who want to turn the 108,000 square feet of space into luxury condominiums, and Community Board 4’s hopes to convert the former medium-security prison into affordable housing units. The facility, which is next door to a Jean Nouvel–designed ...