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Pied-à-terre tax revival is latest threat to city luxury market
News 2 weeks ago
Pied-à-terre tax revival is latest threat to city luxury market

New York's pied-a-terre tax, left for dead earlier this year, is back on the table and the real industry is gearing up for a fight. Fresh off...

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German investment firm seeks to sell Times Square retail space at huge loss
News 2 weeks ago
German investment firm seeks to sell Times Square retail space at huge loss

A German real estate investor will likely lose tens of millions of dollars on a retail space it has owned for the past five years near Times Square...

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City Council passes new protections for commercial tenants
News 1 month ago
City Council passes new protections for commercial tenants

The City Council voted Wednesday to crack down on what some elected officials call an epidemic of commercial tenant harassment in the city. Bronx...

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Stringer: Empty retail space has doubled in the past decade
News 1 month ago
Stringer: Empty retail space has doubled in the past decade

Despite the city's economic expansion, empty retail space has doubled since 2007. That was the key finding in a report released by city Comptroller...

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Billionaires Row is the planned site for a ‘five-star’ drug rehab
News 1 month ago
Billionaires Row is the planned site for a ‘five-star’ drug rehab

An empty Midtown Manhattan building once slated for high-end condos is the planned site of a luxury, for-profit rehabilitation facility for young...

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Prolific investor buys downtown rental building at a big discount
News 3 months ago
Prolific investor buys downtown rental building at a big discount

Prolific real estate investor David Werner is purchasing a controlling interest in a high-end downtown rental apartment building for a big discount...

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Vacant strorefronts not a citywide phenomenon, study finds
News 3 months ago
Vacant strorefronts not a citywide phenomenon, study finds

Reports of retail's death may have been greatly exaggerated. That is the upshot of a de Blasio administration report released Thursday. The...

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New Housing Honcho a No-Show at Annual NYCHA Town Hall
News 4 months ago
New Housing Honcho a No-Show at Annual NYCHA Town Hall

The city Housing Authority held its annual town hall Thursday - and for the first time in years, the tenants who showed up couldn't confront the...

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An easy way to lower tenants' cost of moving in
News 4 months ago
An easy way to lower tenants' cost of moving in

It is no secret that New York City is in a housing crisis. It feels like every day we hear stories about unscrupulous practices that raise the...

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A-Rod forms partnership to buy apartment buildings
News 4 months ago
A-Rod forms partnership to buy apartment buildings

He's won a World Series ring and is engaged to Jennifer Lopez. Now A-Rod is realizing his dream of becoming a landlord. Alex Rodriguez, whose Major...

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Capping broker's fees? Here's a better way to help renters
News 5 months ago
Capping broker's fees? Here's a better way to help renters

The City Council has introduced legislation seeking to reduce move-in costs for renters. While it's encouraging to see the council taking on a...

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Great Recession 10 years later: Housing prices increase
News 5 months ago
Great Recession 10 years later: Housing prices increase

In this digital series, Crain's will explain, by the numbers, how New York has changed 10 years on from the Great Recession. To help keep banks...

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NY Senate Democrats say they have universal rent control votes following day of protests
News 5 months ago
NY Senate Democrats say they have universal rent control votes following day of protests

Tenants and members of the Upstate Downstate Housing Alliance from across the state, demand New York Gov. Andrew Cuomo and state legislators pass...

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Cuomo: Reform, don't abolish, laws that pass renovation costs onto tenants
News 5 months ago
Cuomo: Reform, don't abolish, laws that pass renovation costs onto tenants

Gov. Andrew Cuomo still wants landlords to get their money's worth. The governor on Friday seemed to reject calls from some lawmakers and activists...

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EDC's recent challenges extend well beyond Amazon debacle
News 5 months ago
EDC's recent challenges extend well beyond Amazon debacle

Last year the Economic Development Corp. official and his City Hall colleague who were in charge of a multibillion-dollar streetcar project left...

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City leads booming market for trendy food halls
News 5 months ago
City leads booming market for trendy food halls

Even as the concept spreads rapidly throughout the country, New York is still the food hall capital. The city has 29 food halls, as counted in a...

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Former Sutton Place developer sues law firm for $270 million
News 6 months ago
Former Sutton Place developer sues law firm for $270 million

The fight for ownership of 3 Sutton Place may have been settled in court two years ago, but former developer Joseph Beninati is not finished with...

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