Commercial Real Estate Direct Staff Report The New York City Council failed to muster the votes needed to override former Mayor Eric Adams’ veto of the New York Community Opportunity to Purchase Act, or COPA, that would have given nonprofit...
New York State’s attorney general, Letitia James, has gotten involved in the proposed bankruptcy sale of 93 apartment properties with 5,100 units owned by Pinnacle Group Pinnacle threw them into bankruptcy last May to avoid foreclosure by...
Gothamist The judge overseeing the bankruptcy of 93 apartment buildings with 5,100 units in New York City has blocked an effort by the city’s newly inaugurated mayor to delay a proposed sale of the properties by 30 days Mayor Zohran...
Gothamist Zohran Mamdani, who was sworn in as New York City’s mayor on New Year’s Day, will soon get a majority of seats on the Rent Guidelines Board, which governs rate increases at the city’s roughly 1 million rent-stabilized...
Massachusetts residents likely will vote in November on whether to overturn a 32-year-old law that banned statewide rent control in the commonwealth But the state's governor has gone on the record opposing the effort, arguing that what the state...
The controlling-class holder of a 2016 CMBS deal that includes a piece of a $130 million loan in special servicing has sued to halt a proposed workout plan by Rialto Capital Advisors, arguing that it results in the servicer enriching itself at the...
Commercial Real Estate Direct Staff Report The New York City Council last week signed off on a legislative proposal that, if approved by the mayor, would give certain groups a right of first offer or the right to match any bid on apartment...
Zohran Mamdani, the winner of New York City's mayoral election, has proposed freezing rents at the city's rent-stabilized apartment properties But that effort could be postponed by some political...
A San Francisco Superior Court judge has approved the sale of the 1,024-room Hilton Parc 55 and 1,919-room Hilton San Francisco Union Square hotels to a venture of Newbond Holdings and Conversant Capital of New York, according to a report in the San...
Commercial Real Estate Direct Staff Report A ballot measure that would institute statewide rent control at Massachusetts apartments moved one step closer to appearing on the 2026 ballot, as state attorney general Andrea Campbell certified the...
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