Does FiDi have too many condos?

The Financial District has undoubtedly come a long way since the turn of the millennium, when its streets went dark at the end of the workday. But while it’s had plenty of cheerleaders pushing to make it a more 24/7 neighborhood with a better residential-commercial split, the question now might be: Does it have too[…]

Treasury issues new LLC disclosure law

The Treasury Department has re-upped rules meant to crack down on money laundering in real estate — but don’t ask Uncle Sam for details. The Financial Crimes Enforcement Network (FinCEN) has released another set of rules requiring title companies to disclose the identity of all-cash buyers who purchase luxury property under the guise of an[…]

Resi firms descend on remnants of Town

Within hours of the demise of Town Residential‘s sales and leasing divisions on Thursday, the text messages and emails started flying. With several hundred brokers suddenly free agents, Town’s rivals wasted no time swooping in to lay claim on remnants of the carcass. One senior brokerage executive compared the phenomenon to locusts descending. “I’ve never[…]

These are the architecture shops behind some of NYC’s biggest starchitects

As developers increasingly bring on international architecture stars to design their projects, another firm often works with them behind the scenes. Those firms, which assume the role of “executive architect,” are often more familiar with the city’s zoning and construction codes and help starchitects with everything from filing paperwork to designing floorplates. Related: Who’s designing[…]