Westchester & Fairfield Cheat Sheet: Bob Weinstein sells Greenwich manse for $17M … & more

Harvey Weinstein’s brother Bob sells Greenwich manse for $17M Film producer Bob Weinstein landed a buyer for his stately 3.25-acre estate in Greenwich, Variety first reported. The mogul bought 13,000-square-foot home in 2000 for just a bit less – $16.4 million. He’d listed it in 2013 for $32 million but obviously benefitted in a lessening[…]

Westchester & Fairfield Cheat Sheet: New Canaan imposes temporary ban on “for sale” signs in yards … & more

New Canaan imposes temporary ban on “for sale” signs in yards “For Sale” signs will vanish from New Canaan for half a year starting on July 1 as part of a trial ban, according to the Stamford Daily Voice. Realtor associations in the area agreed to the experiment because many consider the signs eyesores that[…]

National Cheat Sheet: Fed follows through with plan to raise interest rates … & more

The Federal Reserve is following through with its plan to raise interest rates Last month, the Federal Reserve indicated it would gradually increase interest rates, and on Wednesday, it followed through with its plan. Interest rates will rise by a quarter-percentage point, the Wall Street Journal reported. The increase will be the second one this[…]

National Cheat Sheet: Home Depot and Lowes profit from the home construction slowdown … & more

Home Depot and Lowes are profiting from the home construction slowdown New home construction is slowing down — sending prices up — which means more and more homeowners are renovating their current homes, Bloomberg reported. As a result, stores like Home Depot and Lowe’s are seeing an influx of customers. Renovations and repairs may also be on[…]

National Cheat Sheet: Cushman & Wakefield plan June filing for IPO, Sears set to shutter scores more stores … & more

Cushman is planning to file for an IPO in June: Sources Cushman & Wakefield plans to file for an initial public offering this month, according to sources who spoke with The Real Deal. While a Cushman spokesperson wouldn’t comment on the possibility of the IPO, the brokerage’s top executives — including chairman and CEO Brett[…]

Westchester & Fairfield Cheat Sheet: MGM bets big on Empire City Casino, Yonkers Raceway … & more

MGM Resorts drops $850 million on Empire City Casino, Yonkers Raceway Las Vegas-based MGM Resorts purchased Empire City Casino and Yonkers Raceway from its longtime owners for $850 million. The Rooney family announced in November that they were planning to either sell or partner up with another company after 46 years of ownership, LoHud reported.[…]

National Cheat Sheet: Developers could make bank from Dodd-Frank rollback, Blackstone bids $4.8B for LaSalle Hotel Properties … & more

Developers could make bank from rollback of Dodd-Frank New legislation passed by the House of Representatives would relax restrictions on thousands of smaller lenders, potentially opening up the spigot for developers seeking commercial loans. The bill, which is awaiting President Trump’s signature, would remove provisions of the 2010 Dodd-Frank Act that many community and regional[…]

Westchester & Fairfield Cheat Sheet: Building owners hit RXR Realty with $2M construction damage lawsuit in Yonkers … & more

 Gateway Loft hits Larkin Plaza developer RXR Realty with $2M lawsuit over alleged construction damage The developer of a $200 million project in downtown Yonkers is facing a lawsuit, which claims that construction has damaged neighboring buildings. Gateway Loft Associates and Alma Realty Corp. filed the $2 million suit against RXR Realty claiming construction activities at[…]

National Cheat Sheet: Treasury issues new LLC disclosure law … & more

Treasury issues new LLC disclosure law The Financial Crimes Enforcement Network (FinCEN) has issued a new set of regulations that require title companies to disclose the identity of all-cash buyers who purchase luxury property under an LLC, sources told The Real Deal. FinCEN issued the new geographic targeting order [GTO] with instructions that forbade title companies[…]