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Sandro Rosell
FC Barcelona President
Tuesday, July 25, 2017

Real Estate

The outlook for malls across the U.S. has been less than optimistic.  Still, according to an article in the NY Post, retailers can’t resist the allure of New York.  As per a new report from the Real Estate Board of New York, the Big Apple’s dense population and expendable incomes continue to secure its spot as a prime location for new stores and attractions.  Of course, it helps that NY landlords have aggressively warded off vacancies by lowering rents, and offering flexible deal terms, build outs and concessions that were unthinkable a few years ago. 

“The broad based decline we observed in ground floor retail average asking rents is indicative of the challenges the national retail market is facing,” said John Banks, President of the

Vacant buildings in Chelsea that have long been an eyesore for the area may finally get some much need renovations. The properties on the corner of Seventh Avenue and West 22nd Street have been owned by the city for over 40 years, and have been basically abandoned that whole time.

On Thursday night, May 25, a meeting is being hosted by the Department of Housing Preservation and Development to reveal the current progress on fixing the decrepit buildings.

Chelsea resident Kathy Ellman, who

In New York City, there is a higher rate of repeat foreclosures occurring than in any other major housing market in the country. 

According to a new report from real estate research firm ATTOM Data solutions, foreclosures are at their lowest levels across the United States since 2005. However, the report showed that out of the five major housing markets examined, New York City had the highest rate of repeat foreclosures. 

The rate for repeat foreclosures in the city for 2016 was 54 percent

On Wednesday, May 10, the owner of a Brooklyn construction company was indicted on manslaughter charges for the death of an 18-year-old worker.

The Brooklyn District Attorney’s Office announced on Wednesday that 47-year-old Michael Weiss of Williamsburg, and his company RSBY NY Builders, are facing charges of second-degree manslaughter, criminally negligent homicide in addition to several other charges. At a construction site in Bedford-Stuyvesant, Weiss is accused of disregarding several

The small Middle Eastern country of Qatar has become the ninth-largest owner of commercial property in New York City. The standing of Qatar Investment Authority, a sovereign wealth fund, was revealed in the recent ranking of New York's largest commercial owners by CoStar.

The entire country of Qatar is a mere 8.2 percent of the size of New York state, but has the world’s highest per capita income, mainly due to it being the top exporter of liquid natural gas. According to Crain’s News, “The