Title industry asks judge to throw out new regulations

Title insurance representatives asked a New York State Supreme Court judge on Thursday to completely annul the Department of Financial Services’ new regulations on their industry, arguing that they represented a significant overreach of the agency’s authority. The New York State Land Title Association, Great American Title Agency and Venture Title Agency had filed suit against the[…]

Long Island City Holiday Inn is on the market

Holiday Inn Manhattan View, located at 39-05 29th Street in Long Island City, has hit the market. U.S. Realty Advisors put the 16-story, 136-key hotel’s leasehold interest up for sale, according to the Commercial Observer. There are 96 years remaining on the lease. The 63,839-square-foot hotel was built in 2008 and includes the Juquila Bar &[…]

Barone Management buys Jamaica sites for $20M

Barone Management has purchased a pair of sites in Queens’ Jamaica neighborhood for $20 million and plans to use them for a charter elementary school and two new residential buildings. Barone closed Monday on the purchase of the land parcels at 89-25 161st Street and 89-25 162nd Street, which together have more than 295,000 buildable square feet, according[…]

Existing home sales in US fell in April

The number of sales of previously owned homes in the country dropped in April thanks to factors including low inventory, rising prices and higher mortgage rates. The National Association of Realtors found that sales of existing homes dropped 2.5 percent from the prior month in April, hitting a seasonally adjusted annual rate of 5.46 million, according[…]

Developers’ latest tactic to woo buyers? History lessons

Developers are turning to history to attract buyers to their condominium conversions, asking architectural historians to help give more context to their buildings and the architects who designed them. The Chetrit Group, for instance, commissioned writer Thomas Mellins to delve into the history of its building at 49 Chambers Street, which was originally built in 1912[…]