The Real Deal - New York Real Estate News

Foreign investors can buy up more of the world’s second-largest economy after China updated a regulatory list that had capped investment across several industries. While a trade war brews with Trump White House, China has decided to make good on foreign investment reforms and will now allow foreigners to take more ownership in banks, brokerages and car manufacturers, all starting in 2021. “The reduction of the list means there’ll be more opportunities for cross-border enterprises […]

When high-salaried denizens of the Bay Area call themselves “poor” many people’s natural reaction is an eye roll. But with the cost of living reaching record heights in and around San Francisco, now even the government sympathizes with them. The Department of Housing and Urban Development will classify earners of up to $117,000 a year as “low-income,” the New York Times reported. The number, which takes into account home pries and housing costs, will allow […]

The Federal Emergency Management Agency (FEMA) moved Friday to end housing assistance for nearly 1,800 Puerto Ricans who survived Hurricane Maria last year. CNN reported that the people had lived rent-free in hotels in Puerto Rico as well as in the continental United States. Though the program was originally designed to only last two weeks, it has been extended several times. “After 10 months of providing emergency shelter through Transitional Sheltering Assistance (TSA), FEMA is ending […]

150,000 poor New Jersey families could soon be facing higher rent. The Trump administration’s policy proposals to increase rent obligations for those living in subsidized housing would affect 99 percent of renters who receive assistance from the Department of Housing and Urban Development, according to a report from the liberal-leaning Center on Budget and Policy Priorities. NJ.com reported that family rents would increase by 18 percent on average. And if the proposal were to pass Congress, the […]

In Las Vegas, some well-off road warriors are ditching mansions for mobile homes, just so long as they have the right kind of neighbors. Only “Class A” RVs are allowed to park at one of these exclusive mobile home communities across the country, the New York Times reported. For the uninitiated, Class A is the highest class of motor home, meaning they’re really nice, and in some cases, cost more than $2 million. Margie and […]

One57, 15 Central Park West, the Baccarat Hotel and Residences—they’re all known for their well-heeled residents and sweeping views. They may also now be known for besmirching Manhattan with climate-changing emissions, according to a new report. A consortium of advocacy groups including New York Communities for Change analyzed public electricity use data and concluded that just two percent of the city’s buildings produce almost half of the total carbon dioxide emissions. Many of the offenders […]