Could opportunity zones eclipse or dovetail with EB-5?

NES Financial, a FinTech company perhaps best known in certain real estate circles for providing compliance and reporting services under the EB-5 investor visa program, is officially on the opportunity zone (OZ) bandwagon. Sometime over the past month, NES added a new “OPPORTUNITY ZONES” tab to their website, effectively announcing a new line of services. And[…]

Sales for Cary Tamarkin’s UWS luxury condo to begin without price adjustment

Cary Tamarkin isn’t bending on his targeted sellout of $161 million. Despite the glut of luxury homes flooding the market, the developer is launching sales on his Upper West Side luxury building at 555 West End Avenue and asking the same prices he announced in 2015, according to Bloomberg. The cheapest apartment starts at $7.9[…]

What’s a degree worth? A third of homeowners say they’d borrow against their homes to pay for it

Homeowners across the country have about $5.8 trillion in equity and, notwithstanding some hesitancy, there’s some surprising ways they plan on using it, but chief among them is to get a degree. In a recent survey, one of the most common reasons to borrow against a home was to pay off student debt or other[…]

Winter is coming: Rockwell Group to build pop-up “village” at Pier 17

The revamped South Street Seaport district will soon be a year-round hub–at least for winter 2018-19. Rockwell Group got approval from the Landmarks Preservation Commission earlier this week to build a pop-up “winter village” on top of Howard Hughes Corporation’s Pier 17 development, according to Architect’s Newspaper. The project includes an ice rink, a warming[…]

Should’ve known better: Richard Marx relists lakefront mansion for half original price

Singer-songwriter Richard Marx and his ex-wife, actress Cynthia Rhodes, slashed the asking price on their North Shore mansion for the fifth time. They are now asking $9 million for the 29,000-square-foot Lake Bluff estate, half of what they first sought in 2014, according to Crain’s. Marx and Rhodes married in 1989 and bought the lakefront[…]