The Real Deal - New York Real Estate News

The trouble keeps building for National Realty Investment Advisors. Fresh off a bankruptcy filing, the home builder was accused of a massive fraud by New Jersey Tuesday, who issued a cease-and-desist order. New Jersey acting Attorney General Matthew Platkin announced the order, which was issued by the New Jersey Bureau of Securities. The bureau determined NRIA fraudulently sold at least $630 million in securities from 2018 to 2022. According to the attorney general, the Secaucus-based

If rising rents were a race, Miami would be crushing the competition. Miami rents climbed 45.8 percent in May compared to last May, according to a newly released report from Realtor.com. Miami’s annual rent growth was a stand-out; its closest rival was Orlando at 28.4 percent. Nationwide, rents increased an average of 15.5 percent. The latest data on Miami rents continues the pandemic trend of exponential growth. In March, Miami won the title of most