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The ritzy new neighborhood is part of a larger luxury development boom that has accelerated in Manhattan over the past several decades. Once a largely vacant industrial district, Manhattan West ...
Data from Redfin shows that home prices in New York increased 6.9% from November 2023 to November 2024, with a median sale price of $522,800. While most people are aware that the New York real ...
New York-based BlackRock announced last week plans to buy private credit firm HPS Investment Partners for about $12 billion in a deal that BlackRock CEO Larry Fink said will allow the companies to ...
Others have disputed the impact of large institutional investors on U.S. housing prices, or suggested that the impact is limited to particular metro areas or neighborhoods. According to John Burns Research & Consulting, only 0.4 percent of single-family homes in the United States are owned by institutional investors with over 1,000 homes in ...
Headquartered in New York City, BlackRock has 70 offices in 30 countries, and clients in 100 countries. [5] BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street, it is considered to be one of the Big Three index fund managers.
Most of those units would be aimed at what the developers and the city classify as "middle income" families: two-bedroom apartments, for example, would rent for about $3,200 a month, a rent considered affordable for a family of three making up to $128,000 a year, though the median household income in New York City as of the 2011-2015 American ...
After taking a step back in 2023, U.S. real estate investors are once again gobbling up homes this year.Investors bought nearly one-fifth of the homes sold in the 2024 first quarter, Fortune reported.
In April 2011, New York State Assemblyman Hakeem Jeffries promised to introduce a bill to require a series of approvals for new neighborhood names — from the community board, the City Council and the mayor. The bill would also punish real estate brokers who promoted property with an unofficial, made-up name.