News

Financial Giant Blackstone Group Spends $10B on New York Real Estate

Financial giant Blackstone Group went on a massive shopping spree in 2015, spending a whopping $9.6 billion on New York real estate. The total made the private equity corporation the city's most aggressive property investor last year.

Real Estate Tips: Can I Afford a Home in 2016?

Considering 2015's market conditions and interest rates, homebuyers may be able to afford a home in 2016 if they make a purchase early in the year.

New York Real Estate: Manhattan Hotel Industry Suffers First Decline in 5 Years

The Manhattan hotel industry suffers first decline in 5 years. The said dip was caused by robust hotel development and investment in Manhattan; with more than 3,400 rooms added in the market last 2015 and a record hotel purchase of the $1.95 billion worth Waldorf Astoria by Anbang Insurance Group.