Real Estate News, Title Insurance New York

New York Real Estate Stories For August 19th, 2013

The New York City online real estate market was rocked Monday by the purchase of StreetEasy by Zillow!

  • Zillow Buys Real-Estate Website StreetEasy for $50 Million – ‘Zillow Inc. (Z), operator of the largest U.S. real-estate website, agreed to acquire StreetEasy for $50 million in cash to expand its coverage of the New York market…’
  • Real Estate Brokers Lose Some Curb Appeal – ‘…Tens of thousands of real estate agents and brokers around New York were stripped of their corporate titles this year – senior vice president, managing director and the like – after the New York Department of State, which issues real estate licenses, said the use of corporate honorifics without any actual corporate duties was, in fact, illegal…’
  • We were once Detroit – ‘…Almost 40 years ago, New York City was teetering on bankruptcy, crime was rampant and buildings were being abandoned, while Detroit was awash in cash and the city was expanding, due to the tremendous growth of automobile manufacturing in and around the city…’
  • Where’s the affordable housing? – ‘Two new reports on affordable housing creation around the city call developers on the carpet for not creating enough units…’
  • U.S Tennis Association puts a roof on it – ‘…The main attraction is a new roof for Arthur Ashe Stadium, which will protect matches at the U.S. Open from the rain delays that have plagued the tournament in recent years—while angering the event’s broadcasters….’
  • Barclays scores Nassau Coliseum revamp project – ‘After three months of fierce competition, the Barclays Center team is victorious in the match to redevelop the Nassau Coliseum, beating out archrival Madison Square Garden Co. for the 63-acre prize in Uniondale, Long Island…’
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