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March 27, 2023

Developers Chasing Rent Growth In Queens Amid Cost-Fueled ‘Brooklyn Spillover’

Hear From Rubenstein's Joseph Zuber On The Current Investment Market In Brooklyn June 1
The momentum that pushed the Queens neighborhood of Long Island City to become the most active multifamily submarket in the country is spreading deeper into the borough, pulling up rent prices where supply isn't catching up.

Developers Chasing Rent Growth In Queens Amid Cost-Fueled ‘Brooklyn Spillover’

Renters who are being priced out of other New York City boroughs and would-be buyers unable to afford mortgages are contributing to rent growth in Queens. Even as new apartments are approved, demand for housing still outstrips supply in the borough, developers and landlords say. While residents wait for huge…

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Top Stories on Bisnow.com

Head Of Amazon's $2B Housing Equity Fund Resigns Head Of Amazon's $2B Housing Equity Fund Resigns
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Buyer Fails To Close After Winning Flatiron Building At Auction For $190M

Buyer Fails To Close After Winning Flatiron Building At Auction For $190M

The fate of the iconic Flatiron Building is once again uncertain after the winning bidder in last week’s auction failed to put down a deposit.Jacob Garlick shocked the New York commercial real estate market when his Virginia-based investment firm, Abraham Trust, offered $190M for the property, outbidding the building's long-term ownership group of…

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PODCAST: Moody's Analytics' Kevin Fagan On Why CRE's Outlook May Not Be So Grim

PODCAST: Moody's Analytics' Kevin Fagan On Why CRE's Outlook May Not Be So Grim

On this episode of Bisnow Reports, we sit down with Kevin Fagan, the head of CRE economic analysis at Moody’s Analytics, to hear his thoughts on the Federal Reserve’s approach to interest rates going forward, the outlook for the commercial mortgage-backed securities market, how much exposure real estate has to regional banks and the former…

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In Case You Missed It...

REBNY Policy Chief Delivers Fiery Call To Action For Real Estate To Get More Political REBNY Policy Chief Delivers Fiery Call To Action For Real Estate To Get More Political
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Flatiron Building Sold At Auction To Surprise Bidder For $190M Flatiron Building Sold At Auction To Surprise Bidder For $190M
Occupants Flee 1,400-Foot One Vanderbilt After 'Huge Shake' Occupants Flee 1,400-Foot One Vanderbilt After 'Huge Shake'
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'Nothing Short Of Incredible': Investors Look To Form REIT To Buy Real Estate For Psychedelic Therapy

'Nothing Short Of Incredible': Investors Look To Form REIT To Buy Real Estate For Psychedelic Therapy   The medical treatment Cody Shandraw and Ty Zakovich want to build a property empire around isn’t even legal in the United States yet, but they’re not waiting around to stake a claim on what they think is the future of healthcare real estate.Zakovich and Shandraw are the co-founders of Healing REIT, a real estate investment firm with a focus on buying and renovating clinical space for practitioners looking to dive into the world of MDMA psychological treatments. Their plan is to seek approval from the New York…

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