Subject: Legal Issues (LEGL)

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 ...

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 gamesmanship.

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 ...

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 initiative last week. The ...

Julia Hyman, an associate at Rudin Management, was killed yesterday by gunman Shane Tamura, according to the New York Post. Hyman was one of four people that Tamura killed before taking his own life. The others were Wesley LePatner, chief executive ...

Wesley LePatner, chief executive of Blackstone Real Estate Income Trust Inc., was among those killed in yesterday's shooting at 345 Park Ave. in midtown Manhattan, according to a report in the New York Post. LePatner, 43, was shot and killed ...

Commercial Real Estate Direct Staff Report Owners of rent-stabilized apartment properties in New York City were allowed to increase rents by 3% at units whose tenants sign one-year leases and 4.5% for those signing two-year leases. Rent increases at stabilized ...

Commercial Real Estate Direct Staff Report Section 899, which some have referred to as a retaliatory or revenge tax, has been pulled from the One Big Beautiful Bill budget-reconciliation proposal. Treasury Secretary Scott Bessent yesterday posted on the X.com platform ...

Zohran Mamdani, the evident winner of New York City's Democrat mayoral primary, has staked some positions that could jeopardize the city's housing sector. Chief among them is his proposal to freeze rents at apartment units that are subject to the ...

The Real Deal Jared Solomon, a former vice president in Vornado Realty Trust's leasing office, has been charged with stealing millions of dollars from the company. Solomon was indicted by the U.S. District Court for the Southern District of New ...