Departing senator gets failing grade from real estate industry
When Brian Kavanagh’s reign as chair of the state Senate’s housing committee ends this year, the real estate industry will celebrate — his departure, that is. Not his accomplishments. Kavanagh, who is not seeking re-election, might not be quite as reviled by owners of rent-stabilized buildings as hi
Jeff Sutton lands $176M refi for 1551 Broadway
Jeff Sutton’s Wharton Properties scored a $176 million refinancing for a marquee Midtown retail property in Times Square. Acore Capital provided a three-year, floating-rate loan for 1551 Broadway, the site of American Eagle’s 26,000-square-foot flagship store, The Real Deal has learned. The refi co
Falling Mortgage Rates Could Make It Harder to Find Cash Flowing Properties—But Here’s How Investors Can Find Them Anyway
Mortgage rates have hit their lowest levels in three years, and while that should be a cause for celebration from prospective homebuyers, it hasn’t translated into greater sales. In fact, […]
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