Rockefeller Center has recently introduced RC Capsule, a new retail experience combining retail, real estate and technology. The program will give brands the unique opportunity to lease spaces for six-month terms to minimize risk. This gives brands the chance to test new concepts and products without having the pressure of a long-term lease.
Read More
Brokerage Wars? An Inside Look at the SteetEasy Boycott & New York's Brokerage Drama
It's no secret that the New York real estate market has struggled to come to get brokerages to come to terms to create a Real Estate Board overseen multiple listing service that would compile, oversee and regulate all New York City brokerage's residential listings. Now, 8 brokerages have cut-off StreetEasy, a Zillow owned platform, over the past week to syndicate their listings via the Real Estate Board of New York's RLS, Residential Listing Service. So far Brown Harris Stevens, Town Residential, Compass and Stribling & Associates, Warburg Realty, Leslie J. Garfield, Kleier Residential and Fox Residential have stopped submitting their sales and rental listings to StreetEasy. Many firms were put off when StreetEasy's Premier Agent started charging $3 per day for rental listings. Corcoran stopped submitting rental listings but still sends sales listings to StreetEasy. Douglas Elliman will continue to feed listings to StreetEasy but both are participating in the RLS. The Real Deal reported that the number of rental listings on StreetEasy fell by nearly 50% as the $3 per day charge was implemented.