In recent months, New York City has surged ahead of its biggest global rivals, ...

A new breed of Chinese investors is making big bets on real estate in Queens, the New York Times reported.
The pool of Chinese investors has expanded from high-net-worth individuals with an eye for trophy Manhattan properties to upper-middle-class buyers more willing to diversify their bets. A favorite neighborhood is Flushing in Queens.
Indeed, buyers from mainland China can now account for as many as half of the buyers at new condominium buildings in “Falasheng,” (as the area is known ...

Low common charges have always been a factor of attraction for buyers on the hunt for a luxury condo.
Across the city, board members are looking for creative ways to reduce common charges and, at the same time, beef up amenities. The goal: to make their buildings as attractive as possible to home seekers as well as to current residents.
This month, The Real Deal magazine ranked condos in Manhattan below 100th Street with more than 50 units, then delved ...

Inwood, the northernmost neighborhood of Manhattan, is getting a dose of city real estate innovation. A seven-story, 28-unit prefabricated modular concrete and steel residential and commercial development called “The Stack,” is now constructed at 4857 Broadway. The ...

Larry Silverstein has reached a tentative deal with advertising firm GroupM for office space at 3 World Trade Center, paving the way for construction of the 80-story Lower Manhattan skyscraper, the New York Post reported.
GroupM – a division of advertising giant WPP — will take more than 500,000 square feet at the 2.5 million-square-foot tower in a 20-year deal, sources familiar with the transaction told the Post. The two sides signed a term sheet Monday, and are expected to ...

New York City’s average rental rate inched past the $3,000 mark for the first time in the second quarter, according to new market data reviewed by the Wall Street Journal.
Rents in the city – excluding Staten Island – rose 1 percent from the first quarter to $3,017, the highest in the country and nearly $2,000 more than the national average of $1,062, according to data from real estate research firm Reis.
The rental hikes stem from an extremely tight ...