Ignore the tech naysayers — San Francisco isn’t dying

Despite the high-profile departures, the tech industry still has deep roots in the Bay Area. Continue reading at CNBC.com: Click Here Press Release Distribution Service

$2,000 or $600 stimulus checks? How far each would go toward paying the rent

Washington lawmakers are battling over how much to include in second stimulus checks. Data shows just how far $600 or $2,000 will go toward U.S. rents. Continue reading at CNBC.com: Click Here Press Release Distribution Service

November new home sales fall more than expected, builder stocks drop

Sales of newly built homes came in far weaker than expected for November, and builder stocks are not taking it well. Continue reading at CNBC.com: Click Here Press Release Distribution Service


Affordable housing set to collapse like ‘house of cards’ warns RSA

The Rent Stabilization Association, which represents 25,000 landlords of the one million rent-stabilized apartments in the five boroughs, has slammed the state’s new COVID-19 Emergency Eviction and Foreclosure Prevention Act. RSA President Joseph Strasburg warned that a blanket eviction moratorium without the requirement of proving economic hardship effectively encourages thousands of employed tenants – many…

Parking boss acquires $40M Brooklyn office portfolio

Billy Lerner, the president and CEO of iPark, New York City’s second biggest private parking-garage operator, has acquired an 11-building portfolio of medical office buildings for $40 million. Kassin Sabbagh Realty announced that Lerner acquired 9020-9024 5th Avenue (pictured top) 7601-7607 7th Avenue, 7115-7121 13th Avenue from Brooklyn-based radiologist Dr. Shahrok Abiri in a 1031…


Development group pays $13M for LIC site

United Construction & Development Group founder Chris Xu has acquired a Long Island City development site for $13 million. Highcap Group announced Xu and a group of development partners acquired 46-30 21st Street from the longtime family owners in an all-cash trade. Rodney Nassimian and Josh Goldflam of Highcap Group brokered the sale on behalf…

Murphy signs law to extend deadlines for approved ERG, Urban Transit Hub projects

Gov. Phil Murphy speaks during a recent event in Newark. — Courtesy: Governor’s Office By Joshua Burd Gov. Phil Murphy has signed into law a bill that extends key deadlines for some projects that are still in development but were approved under two of the state’s defunct incentive programs. The legislation, S3046, gives developers until…


Giving is for all of us – government, too

(Editor’s note: This column appeared in the December issue of Real Estate NJ.) By Michael G. McGuinness Giving Tuesday, often stylized as #GivingTuesday for the purposes of hashtag activism, is the Tuesday after Thanksgiving in the United States. It is touted as a “global generosity movement unleashing the power of people and organizations to transform…

Flemington taps global consulting firm, launches downtown revitalization plan

The intersection of Main Street and Bloomfield Avenue in downtown Flemington — Courtesy: Flemington Community Partnership By Joshua Burd Armed with a $100,000 state grant, the borough of Flemington is taking new steps to draw private development and community-focused investment to its historic downtown. The municipality recently hired Stantec, the global design and professional services…

Designer fireplaces are the hot new pandemic amenity

Haute hearths are lit as 2020 comes to a close. Press Release Distribution Service

Michael Jackson’s infamous Neverland Ranch finally sells for $22M

Never say never. Neverland Ranch has finally found a new owner. Press Release Distribution Service

Benchmark 30-year mortgage rate drops to record low 2.66%

US long-term mortgage rates dropped this week to a record low for the 16th time in 2020, reflecting an economy hard hit by the coronavirus pandemic. Mortgage giant Freddie Mac said Thursday that the average rate on the benchmark 30-year fixed-rate home loan slipped to a record low 2.66 percent from 2.67 percent last week….…

Donald and Melania Trump eye Palm Beach homes near Mar-a-Lago

Donald and Melania Trump are the latest in their family to look at premium Florida property, according to an insider — even as there is buzz that they’ll live at his private club, Mar-a-Lago, after he leaves office. A source told us, “Melania and Trump are talking to brokers about buying a house in Palm……

Vaccines for office workers are struggling landlords’ best shot

Landlords are praying that the launch of COVID-19 vaccines will finally send more employees back to their desks after the turn of the year. But there’s little movement so far, and some big tenants have hit the pause button on previously planned returns as they await the vaccines’ full-scale rollout. Apple CEO Tim Cook recently……

Zac Efron selling glam LA mansion for $5.9M

The California native purchased the midcentury modern property in 2013 for $4 million. Press Release Distribution Service


What’s Cooler Than Living in a Lightkeeper’s House on the Ocean in Maine?

The Knowles Company An idyllic setting on a small island 5 miles from the mainland of Maine is now available for $1,975,000. “I forget how beautiful it is out there, especially on a blue sky day. It’s one of the most beautiful properties I’ve ever seen in my life,” says the listing agent, Jamie O’Keefe.…


Waltz Away With a Cool Buy! Czech Dance Hall in Omaha Transformed Into a Residence

Joe Braun Photography A place where people used to dance the polka all night long is available for purchase. Accordion not included. The property on 13th Street in Omaha, NE, is on the market for $999,900, and offers an array of opportunities for an enterprising buyer. “Originally, it was a Czechoslovakian dance hall, and then…


Maryland’s Most Expensive Home Is a Massive $40M Riverfront Compound

Oleksandr Yaroshynskyi Maryland’s most expensive home is a historic riverfront compound on the market for $40 million. For wealthy buyers in search of the ultimate getaway, this sumptuous spread near Chesapeake Bay has its own private nine-hole golf course. Known as Fairview Estate, the compound in Easton, MD, includes two main homes, several smaller guesthouses,…

The Paycheck Protection Program is back. Here’s what you need to know

The federal government now has more money for small businesses, though it may be harder for real estate professionals to actually claim it this time around. To Read More Visit Inman News Click Here Press Release Distribution Service

Michael Jackson’s Neverland Ranch sells for $22M

Pittsburgh Penguins co-owner Ron Burkle has paid $22 million for the estate once known as Michael Jackson’s Neverland Ranch. To Read More Visit Inman News Click Here Press Release Distribution Service

Former Zillow CEO Spencer Rascoff to launch 2 new companies in 2021

After a busy 2020, Spencer Rascoff teased two new projects for 2021 in a year-end review. To Read More Visit Inman News Click Here Press Release Distribution Service

Three Predictions For The Rental And Housing Market In 2021

Everyone in the real estate space will be watching the market closely to see how trends continue to unfold into the new year.  Continue Reading at Forbes.com Here Press Release Distribution Service

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