Occupancy and rate growth at operators of Ventas’ (NYSE: VTR) senior housing portfolio helped the company achieve “outstanding” net operating income growth in the first quarter of 2022. The Chicago-based real estate investment trust (REIT) reported a 14.2% increase in net operating income (NOI) for its senior housing operating portfolio (SHOP) in 1Q22, excluding HHS … Read more
By SARAH HUFFMAN MALIK YOBA ATTENDS a screening of his film The Real Estate Mix Tape Vol. 1 at the Bronx School of Letters at 339 Morris Ave. in the Mott Haven section of the Bronx on March 28, 2022. Photo by Sarah Huffman The Urban Assembly Bronx Academy of Letters welcomed actor Malik Yoba … Read more
NEW LONDON – Household incomes in New London are rising even as house prices and rents continue to rise, according to a new study into affordable housing. The study found that 52% of renter households are cost-burdened or spend more than 30% of their income on housing, leaving them less money for necessities like groceries, … Read more
The New York body tasked with regulating rents in nearly a million rent-stabilized apartments voted Thursday to support the biggest increases in nearly a decade. The move, which requires official approval next month, would increase rents by 2 to 4 percent on one-year leases and 4 to 6 percent on two-year leases. The increases are … Read more
Rising interest rates and higher house prices would normally cool down a hot real estate market, but the national and local real estate scene continues to heat up. Researchers at the Federal Reserve Bank of Dallas worry that the fear of missing out, colloquially known as FOMO, is creating a buying snowball effect that, if … Read more
The Jacksonville Jaguars announced on May 3 that they have hired Drew Frick, former president of Gate Petroleum Co.’s real estate subsidiary, to lead the team’s downtown development plans. The Jaguars said Frick will take on the new role as senior vice president of real estate development. The team said Frick began work in April … Read more
This family rivals the Roy’s for money. Like a page from the hit HBO series Succession, a prominent billionaire New Jersey family dynasty is being pitted against one another for hundreds of millions in real estate. In a recent court filing obtained by The Post, prominent New Jersey real estate developer Dominick Alfieri, 82, is … Read more
May 1, 2022 Action by Albany would unlock an important tool to tackle homelessness and affordable housing Coalition Push follows Mayor Adams’ campaign promise to repurpose underutilized hotels as much-needed permanent housing, latest executive budget sees record housing investment new York – New York City Mayor Eric Adams today led a coalition of city and … Read more
FALL RIVER – The local real estate market is booming for some people, but others like Jerry and Sharyn Souza live in a place they call “no man’s land” – they don’t have enough money to afford the down payment on a house in that market, but have too much to qualify for assistance. Three … Read more
LINCOLNTON — Lincoln County Tax Commissioner Susan Sain and her staff have been busy preparing the appraisal of real estate in the county. “It’s a lot of work,” she said. “We are monitoring the market and tracking sales since the last re-rating. The last statewide real estate appraisal in Lincoln County was in 2019. The … Read more