There’s a livelier new vibe at 299 Park Ave., Fisher Brothers’ 44-story office tower between East 48th and 49th streets. The new look reflects renewed energy up and down the iconic commercial corridor from East 40th to East 59th street following several years of decline. As part of a just-completed $20 million capital-upgrades program, 299
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The arrival of social media has changed the very nature of celebrity; today, believe it our not, Instagram and Tik Tok clout is the highest form of advertising currency. Young consumers have always tended to distrust major corporations, but it’s only recently that marketers have pivoted to target the all-important Gen-Z and millennial demographics through
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As people look for housing with more space, lumber prices are increasing. In September, softwood lumber prices rose 28.6% (seasonally adjusted), according to the Bureau of Labor Statistics’ Producer Price Index. This represented the fourth consecutive month-over-month increase. Shortages related to the pandemic and the Western fires contributed to this decline, as did an increase
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eGuide Sponsored by Elevant 3 Simple Strategies to Solve COVID Challenges As a commercial building owner, you are facing unprecedented challenges in the wake of COVID. Most notably, increased operating expenses and reduced cash flow. This guide reveals 3 strategies to overcome COVID-related challenges while cutting costs and helping tenants return to your properties. Browse
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It’s no secret that the rich and famous are abandoning New York City in droves, pursuing greener, less crowded pastures elsewhere in the country. The latest celebrity to join the Manhattan exodus is attorney, television news personality and Republican Party darling Kimberly Guilfoyle — n Donald Trump advisor and current flame of Donald Trump Jr.
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MIAMI—Developers of mixed-use communities across the country have had to get extra creative in order to engage residents and visitors in a safe way as COVID-19 concerns continue. Those ideas have ranged from expanded outdoor dining to new amenities, and according to a source, we might even see holiday activities and performances popping up in
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Despite the pandemic, interest still remains for new construction, especially in the warehouse/logistics sector. As the construction industry recovers from the initial impact of the pandemic, project volume is trending upward. There is still a market for new construction, especially in the warehouse/logistics sector, as well as a demand for large-scale renovations as investors seek
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“What did I expect?” asked Lorraine Bracco in the intro to “My Big Italian Adventure,” which premieres Friday, Oct. 30, on HGTV. The reality show follows the 66-year-old, Brooklyn-born “Goodfellas” and “Sopranos” actress as she renovates an ostensible dream home she purchased in idyllic Sicily, the birthplace of her grandparents, for the nominal sum of
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Joe Raedle | Getty Images Now that more Americans can work and attend school from anywhere, they are increasingly looking to leave large urban centers for smaller, less dense cities with cheaper housing. As different real estate entities try to measure the migration, certain cities are standout destinations. Santa Barbara, California; Louisville, Kentucky; and Buffalo,
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BEVERLY HILLS, CA—Kennedy Wilson revealed that it has acquired 880 units across three multifamily properties in an off-market transaction for $198 million. The communities expand Kennedy Wilson’s multifamily portfolio focused on institutional-quality, garden-style apartment properties in rapidly growing markets across the western United States. According to a prepared statement, the company’s value-add asset management plans
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As the pandemic crunches schools’ budgets around the country, their real estate holdings may be a key to unlocking liquidity and reducing occupancy costs. “The pandemic is fast-forwarding business models that were already pivoting to take into account declining enrollments, reductions in state funding, higher debt loads and more distance learning,” stated Andy Graiser, co-president
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Forget private islands — now you rent out an entire private mountain for yourself. As part of a special one-time listing, vacation-rental company Vrbo is offering outdoor adventure seekers the opportunity to book a brand-new five-bedroom ski chalet in Beaver, Utah — along with the entire ski resort and mountain that surrounds the property. The
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