The MTA has released more detail regarding its timeline to fix the Canarsie tunnel (the main transportation gateway between Manhattan and Williamsburg), which will shut down L train service potentially for years beginning in 2019, according to new documents.
The MTA, which had been keeping its repair plans under wraps, laid out some of its plans in board documents released few days ago. To fix the tunnel damaged by Hurricane Sandy, the MTA plans to replace or repair 56 miles …
by Riccardo Ravasini Miami market is becoming more attractive to buyers. For instance, in the Miami Beach area, sales volume dropped 21 percent in the first quarter of 2016 (according to Douglas Elliman and Miller Samuel data) compared to the same quarter in 2015. The median price is also down from $437,750 a year ago to $408,750 now. At the same time, real estate inventory on the Beach is soaring — a 33 percent uptick in units on the market which translates to …
by Riccardo Ravasini The number of apartments for which new construction applications were filed hit a one-year low in January, according to the Department of Buildings data. The month only added 842 new units to the pipeline. The dip in applications started in September as land has become increasingly more expensive.
While the number of super luxury condos might come back to more normal levels, the inventory of listed homes priced under $1 million in Manhattan appears stable, and relatively low, even as …
by Riccardo Ravasini As its popularity and valuation soars, Airbnb is inspiring deep vitriol here in New York. The 8-year-old San Francisco-based startup has been accused of everything from siphoning millions of dollars away from the hotel industry, infringing on the quality of life in buildings to exacerbating the affordable housing crisis.
While the company been met with opposition around the globe, it has faced a particularly tough battle in its biggest U.S. market, where in 2010, a state law made it illegal …
by Riccardo Ravasini 
The Zeckendorf brothers are famous for their crown jewel: 15 Central Park West, what most consider the top address in NYC. Since 15 CPW, the brothers have only taken on two projects —18 Gramercy Park South and 50 United Nations Plaza. But their next luxury condo tower, 520 Park Avenue, slated to be finished in 2018, is arguably their most ambitious undertaking since.
The 33-unit building, designed by Stern who aesthetically conceived 15 CPW, will have the same understated style: …
by Riccardo Ravasini New York investors interested in Miami are making a beeline for downtown Miami — specifically the area between the Miami River to Northeast Sixth Street and east of I-95 to Biscayne Bay. In fact, over the past two years, New Yorkers have spent at least $586.5 million on property in that area, according to Sterling Equity Commercial. In total, New York buyers acquired at least 1.28 million square feet of buildings and at least 1.1 million square feet of land …
by Riccardo Ravasini