Sentences with phrase «city condo developers»

Squeezing New York City condo developers further is the fact that many of the active players in the construction lending space have been alternative lenders that charge higher rates.

Not exact matches

The Canada Mortgage and Housing Corporation warned late last year that large cities risked overbuilding if developers continued to churn out condo units before they were sold.

With vacancy rates shrinking and rents climbing, developers see a safe bet in a city with a lot of condos, but not a lot of offices

We know developers are targeting seniors as condo market in cities are dwindling... Condos are being sold at almost the same price even in middle of nowhere in Canada where land is practically «free» (not even that long ago).

Last on the agenda for the April Membership Meeting was a resolution regarding the City's sale of 45 Rivington Street with a restrictive covenant for nonprofit use to a private developer planing to build condos on the property.

State Attorney General Eric Schneiderman on Friday announced a settlement with a shady real - estate group that bought city nursing homes and flipped them to developers who sought to convert them into luxury condos.

-- After a City Council rezoning vote, the developer of a Sutton Place condo tower temporarily halts construction.

The offices of US Attorney Preet Bharara and Manhattan District Attorney Cyrus Vance sent subpoenas to several of the 14 developers that bid on the City Hall - backed project to redevelop the Brooklyn Heights library into a luxury condo tower.

In early 2015, the City lifted deed restrictions on the former public school, then AIDS hospice center, and the building was subsequently sold to a luxury condo developer, at the outrage of the general public.

Then there's the look into Rivington House, a former AIDS hospice where the city lifted a deed restriction that will ultimately allow for the development of lucrative condos at the site, where developers were at times represented by a lobbyist tight with Mr. de Blasio.

While sustainability features are ubiquitous in commercial office space, they are largely absent from the city's luxury condo market, with developers failing to invest in even the most basic green systems.

The break for New York City developers expired at the beginning of 2016, and Senate Republicans had backed budget language that would both renew the program and expand it into outer borough condos, a move seemingly designed to benefit breakaway Democrat Simcha Felder.

CITY HALL — Concluding the city's seven - month review of Rudin Management's plans to turn the former St. Vincent's Hospital site into luxury condos, retail space and a public park, the City Council voted nearly unanimously Wednesday afternoon to approve the developer's plCITY HALL — Concluding the city's seven - month review of Rudin Management's plans to turn the former St. Vincent's Hospital site into luxury condos, retail space and a public park, the City Council voted nearly unanimously Wednesday afternoon to approve the developer's plcity's seven - month review of Rudin Management's plans to turn the former St. Vincent's Hospital site into luxury condos, retail space and a public park, the City Council voted nearly unanimously Wednesday afternoon to approve the developer's plCity Council voted nearly unanimously Wednesday afternoon to approve the developer's plans.

The developer — which hired lobbyist James Capalino to engage with City Hall aides — plans to demolish two buildings on the site and either build a luxury condo building or a series of apartment towers that would include affordable housing.

And condo and hotel developers can barely contain themselves; as of October, the city had 147 high - rises under construction, twice as many as New York.

According to Pinsonneault developers are not overbuilding in Toronto, Vancouver or Calgary — Canada's three hottest real estate markets and the cities that boast some of the largest condo growth in recent years.

In a neighborhood that's fast loosing its art identity in place of new luxury condo developments, Related Companies, one of the city's largest and leading real estate developers, has infused a breath of fresh air.

I am a condominium trustee, and our condo hired Adam Dash & Associates to represent us in a complicated issue that involved a developer and the Planning and Zoning Boards of the City.

Ms. Spodek has represented the developers of the Chatham 44 Condo development, the North Hills development in Long Island, and numerous purchasers of condo's and condominiums in New York City and the surrounding areas.

Victoria Shtainer and her team are one of the top producing real estate teams in New York City, working with condos and co-ops for buyers, sellers, and developers.

Kam and Graham formed City Accord more than 10 years ago and continued to sell City Place and other pre-construction condos for developers in the downtown Toronto market.

Coming out of the Great Recession, a handful of real estate developers invested heavily in a bid to lure corporate employers — and, more recently, business travelers and condo buyers — back to the center of the city.

Toronto has more than 100,000 units under construction as developers and investors seek to cash in on condo prices that are up 25.7 % in the city over the past five years.

Cities may come to realize they've got a lot of white elephants dotting the skies because they made a terrible mistake by allowing developers and builders to mass produce the under 700sf condos which boomers, once they start to downsize en masse in a few years, will absolutely shun.