developers Archives - Rava Realty

New development market defies seasonal norms

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Usually, the ideal time to be on the market is to launch sometime in March or April, but we are seeing a different trend, at least in terms of new developments. Despite a slowdown in April due to various factors such as holidays, spring breaks, and the First Republic bank failure, New York City’s new development got a fresh wind in May.

Surprisingly, higher interest rates have boosted demand for new developments, as potential sellers in the resale market are hesitant to list and lose their lower rates. Developers have no ...

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Florida lawmakers advance questionable real estate bills

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Florida lawmakers have passed a number of bills during the session that could have a significant impact on the real estate market.

Senate Bill 102 is among the most consequential, as it allocates over $700 million for affordable and workforce housing and offers tax incentives to developers, as well as giving local agencies the power to oversee inspections of condo and co-op buildings within three miles of the coastline.

Another new law, House Bill 837, is designed to make it harder to sue insurance companies, while a proposed bill ...

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Real estate gets its candidate for mayor: Eric Adams

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Adams was heavily supported by business interests and real estate in particular. However, that was not the primary reason he won the Democratic primary, nor does it mean he will be in developers’ pockets when he takes office in January: His campaign platform calls for “aggressive” housing construction, but he has also blamed development for increasing rents in communities of color, criticized Brooklyn developers and recommended slashing the height of proposed towers that were opposed by NIMBY groups.

Adams, the Brooklyn-born son of a house cleaner and a butcher, and former captain in the ...

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