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Posted on: Dec. 18, 2020, 2:01 p.m.
Sales of commercial and residential properties were down 49 percent year-to-date through November, according to REBNY. : (Bloomberg)—The pandemic’s slowdown in real estate deals has cost New York City $1.2 billion in lost revenue so far this year. Sales of commercial and residential properties -- everything from office buildings to hotels and condo units -- are down 49% this year through November, according to a report Thursday by the Real Estate Board of New York. That’s led to a 42% ... Full investment news articleRelevent to this post: Louisiana Economic Development,