For co-ops, pied-à-terre tax leaves more questions than answers
This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. New York lawmakers have chased a tax on high-priced second homes for over a decade. A pied-à-terre tax nearly crossed the finish line in 2019 — until political momentum evaporated
MAG, Global Holdings plot Hudson Square resi tower
MaryAnne Gilmartin and Eyal Ofer are teaming up in Hudson Square. MAG Partners and Global Holdings signed a ground lease for Trinity Church’s property at 122 Varick Street, the Commercial Observer reported. Details of the long-term ground lease were not disclosed; Cushman & Wakefield’s Kevin Donner
Midtown South dominates April leasing activity
Midtown South stole the show in April, snapping up four of Manhattan’s five largest office leases. The submarket accounted for nearly 45 percent of all leasing demand, with volume rising to 1.6 million square feet, according to a new Colliers report. That’s 65 percent higher than the 10-year monthly
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