The Real Deal New York Gov. Kathy Hochul and state lawmakers have reached an agreement on a housing deal that would replace the expired 421-a tax abatement program. The agreement also loosened restrictions against evictions stemming from non-payment of rent. ...
Commercial Real Estate Direct Staff Report Blackstone Real Estate Partners X, which this morning had announced that it was buying Apartment Income REIT Corp. in a deal valued at roughly $9 billion, late last week said it had received court approval ...
The Real Deal The Real Estate Board of New York, which represents building owners, and labor union Mason Tenders District Council have agreed on a wage floor for construction workers on projects in New York State, a move that could ...
The Real Deal The U.S. Supreme Court has rejected two petitions seeking its review of New York State's rent stabilization law, the Housing Stability & Protection Act of 2019. The law restricts landlords from increasing rents in rent-stabilized units. Petitions ...
Hudson County View AvalonBay Communities Inc. has filed a lawsuit against the city of Hoboken, N.J., and its Rent Leveling and Stabilization Board, charging that they ignored a long-held exemption from the city's rent-control rules it had for its 217-unit ...
Commercial Real Estate Staff Report New York Gov. Kathy Hochul's proposed budget for the state's 2025 fiscal year, starting April 1, includes subsidies that her administration hopes would spur the development of additional housing. For one, it proposes extending the ...
The Real Deal Crown Merchandise Corp., an equity investor in the 89,618-square-foot office building at 20 East 46th St. in Manhattan, is suing Nightingale Properties, claiming it hadn't been provided with any information on its $12 million investment. Nightingale had ...
The Real Deal New York City has unveiled a program that would provide tax breaks to apartment developments that set aside 70 percent of their units as affordable. The Mixed Market Initiative Program, which the city would fund, would provide ...
The Real Deal Parkview Financial, which had provided $66 million of financing against a 131-unit apartment project in Brooklyn, N.Y., has filed a lawsuit against its developer, Aview Equities, in an effort to collect on the financing. Parkview claimed in ...
Commercial Real Estate Direct Staff Report The New York State Supreme Court for the County of New York has dismissed a challenge to Local Law 97, which goes into effect next year and requires that property owners in New York ...
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