A new study shows that coastal communities may be more at risk from sea-level rise than previously thought. That could have profound impacts on real estate, infrastructure and the U.S. economy. The sea level is rising as the earth heats and glaciers melt. At the same time, land is sinking—another detrimental result of climate change.
Month: March 2024
The developer behind Essex Crossing plans to build a nearly half-million square-foot office tower on Trinity Church land at Hudson Square — a sign of confidence in Manhattan’s troubled commercial market. Taconic Partners and its investment partner Nuveen Real Estate unveiled images of One Grand, a tower to rise at the corner of Grand and
A For Sale sign is posted in front of a home for sale in San Marino, California on September 6, 2023. Frederic J. Brown | AFP | Getty Images Mortgage rates swung slightly lower last week, fueling a significant jump in mortgage demand for the second straight week. Total application volume rose 7.1%, compared with
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Skynesher | E+ | Getty Images Factors beyond high mortgage rates are affecting housing affordability for many Americans, according to experts. Almost four years ago, a household earning $59,000 annually could afford a new mortgage without spending more than 30% of their monthly income and
An opulent estate in one of the nation’s wealthiest enclaves has hit the market — and you’ll need a boat to get there. Located in Miami’s hyper-exclusive Fisher Island, this 9,400-plus-square-foot mansion offers a rare opportunity to live in the elite community, which consistently ranks among America’s richest ZIP codes, the Daily Mail reports. Fisher
Former U.S. President Donald Trump speaks as he arrives at a Manhattan courthouse, for the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, in New York City, U.S., October 2, 2023. Brendan Mcdermid | Reuters Former President Donald Trump has
Late actress Zsa Zsa Gabor’s over-the-top California estate has at last found a new owner. This Palm Springs property, which was separately occupied by Zsa Zsa and her socialite sister Magda, hit the market early last year for $3.8 million, a price that was subsequently cut down to $2.8 million. It’s not yet known who
Sixth Avenue has reclaimed its title as Midtown’s No. 1 office-leasing corridor, as measured by the least percentage of vacant space — the latest lead change in the never-ending bragging-rights battle with Park Avenue. Colliers reports that Sixth Avenue’s fourth-quarter occupancy at 11.5% of space available was the lowest of any Midtown corridor and slightly bested
When Hamptons real estate agent Peggy Zabakolas pulled up to her $20 million Watermill listing — Eagle’s Point, a hidden gem situated at the highest elevation in the area — last summer, she caught another broker red-handed. Fellow Nest Seekers agent JB Andreassi, 33, was trying to steal the listing for the seven-acres compound by
Cavan Images | Cavan | Getty Images President Joe Biden has floated plans to address the country’s affordable housing issues, including new tax breaks for first-time homebuyers and “starter home” sellers. However, experts have mixed opinions on the proposals. “I know the cost of housing is so important to you,” Biden said during his State
Yue-Sai Kan, a TV host and entrepreneur who is known as the “Oprah of China,” has once again put her glam Manhattan townhouse on the market. Kan, who is arguably the most famous woman in China, recently relisted her 8,500-square-foot, six-story manse for $24.99 million. The abode is certainly elegant in its presentation. But the
It’s high-five time at Nine West, the near-mythic office tower at 9 W. 57th Street enjoying new life under Stefan Soloviev, the son of late developer Sheldon Solow. The 50-story skyscraper with over 1.6 million square feet behind its famous sloping facade inched closer to 100% occupancy with a newly signed lease with French global
In this article Follow your favorite stocksCREATE FREE ACCOUNT Sonali Pier is a portfolio manager with Pimco Pimco’s Sonali Pier strives for outperformance. The youngest of three and the daughter of Indian immigrants, Pier set her sights on Wall Street after graduating from Princeton University in 2003. She began her career at JPMorgan as a
The Big Apple’s most expensive studio apartment, which sold for an astonishing $3.88 million in an all-cash deal in 2023, has since lingered on the market as a rental that nobody seems to want — even as its asking price plunges. The ambitious new owners asked a cool $38,000 a month for the single room