National Cheat Sheet: Facebook launches ad product to compete with Zillow, Blackstone-Starwood merger creates biggest landlord in the US … & more

Facebook debuts advertising service for brokers that competes with Zillow This week Facebook debuted an advertising product geared towards residential real estate brokers, in what some experts interpret as a move to seize the turf of online listings portal Zillow. Even though Facebook and Zillow recently partnered to put Zillow ads on Facebook, the social […]

Landlord Hank Freid hit with $15K more in fines under new Airbnb law

Landlord Hank Freid faces a string of new violations for allegedly listing illegal short-term rentals in another Upper West Side building. The city hit Freid with 15 more violations — at $1,000 a pop — for advertising units at an apartment building turned hotel at 258 West 97th Street, a city spokesperson told The Real […]

Government briefs: Taxpayer tab for 421a comes to $1.4B, theater owners asked to cough up more for air rights … & more

From the October issue: New York City is projected to forgo $1.4 billion in tax revenue for fiscal year 2017 as a result of the now-defunct 421a tax exemption, which continues to apply to projects that qualified for the program prior to its expiration at the end of 2015. [more] … [more] Source: Real Estate

The Real Deal’s Hamptons Market Report is live!

It’s summertime, so, as the song goes, living is easy in the Hamptons. Yet the East End’s real estate scene is far more complex than the popular vision of it as a rarefied sandy playground for the rich and famous. The South Fork — with its oceanfront mansions emulating Jay Gatsby’s — is comprised of affluent villages and unincorporated hamlets […]