New York City Mayor Zohran Mamdani is proposing an increase in property taxes in the five boroughs to help address a $54 billion gap in the city’s preliminary $127 billion budget In an address at City Hall, the first-time mayor noted he had a...
Commercial Real Estate Direct Staff Report Last year, Colorado House Bill 25-1090: Protections Against Deceptive Pricing Practices, was signed into law The legislation, which went into effect at the start of January, requires businesses to present...
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...
Brookfield Properties, which in 2018 acquired mall owner GGP Inc and folded its 125 mall properties into its own portfolio, has revived the GGP name The company created GGP Retail LLC, which will be headquartered in Chicago, and placed its 101...
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...
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