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Case against landlord alleging improper regulated rent increases can proceed
News 1 week ago
Case against landlord alleging improper regulated rent increases can proceed

A lawsuit alleging that a large New York City landlord illegally raised rents in regulated apartments can proceed, a judge in state Supreme Court...

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Staten Island sees a surge in foreclosures
News 2 weeks ago
Staten Island sees a surge in foreclosures

While foreclosure activity decreased in three out of five boroughs during the third quarter of 2019, Staten Island saw a surge of 183% year-over...

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Why Trump still doesn't want you to see his tax returns
News 2 weeks ago
Why Trump still doesn't want you to see his tax returns

When he was running for president Donald Trump said he wouldn't release his tax returns because voters weren't interested in them. "There's nothing...

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WeWork backing away from new leases
News 2 weeks ago
WeWork backing away from new leases

WeWork has scrapped plans for at least two major Downtown locations and has indefinitely paused negotiations for three other lease deals in Midtown...

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Council mulls rollback on city film biz
News 2 weeks ago
Council mulls rollback on city film biz

For New Yorkers whose As an increase in local filming rankles some residents, the City Council is weighing a series of 13 bills that address some...

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Mayor's office open to higher regulated rent increases
News 3 weeks ago
Mayor's office open to higher regulated rent increases

State lawmakers closed some doors on regulated landlords ability to raise rents, but the de Blasio administration may open a window. Louise Carroll...

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City missed out on millions in real estate taxes, comptroller says
News 3 weeks ago
City missed out on millions in real estate taxes, comptroller says

The only certain things in life are death and taxes—but in New York City real estate, it might just be death. A new analysis by Comptroller Scott...

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Investor group buys Bronx warehouse for $55 million
News 3 weeks ago
Investor group buys Bronx warehouse for $55 million

The prolific industrial real estate investor Innovo Property Group has made a $55 million purchase in the Bronx. The firm is in contract to acquire...

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Slump in multifamily sales costing millions in tax revenue, REBNY finds
News 4 weeks ago
Slump in multifamily sales costing millions in tax revenue, REBNY finds

A drop-off in apartment building purchases in July didn't just cut into landlords' wallets—it deprived the city and state of millions of dollars, a...

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Elmont civic leaders sue to stop Isles complex at Belmont
News 1 month ago
Elmont civic leaders sue to stop Isles complex at Belmont

A handful of Elmont civic leaders filed a lawsuit Saturday to try and stop construction on the Islanders' $1.3 billion sports and entertainment...

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Japanese real estate firm tries to sell Midtown East office tower
News 1 month ago
Japanese real estate firm tries to sell Midtown East office tower

Unizo Holdings Co., a Tokyo-based real estate investment firm, is trying to sell its office building at 685 Third Ave., while the public company is...

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Councilman's Industry City decision could be subject of new documentary
News 1 month ago
Councilman's Industry City decision could be subject of new documentary

Brooklyn Councilman Carlos Menchaca's forthcoming decision on whether to allow a rezoning of Industry City to proceed has been packed with a sense...

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State Department: Rental application cap applies to brokers
News 1 month ago
State Department: Rental application cap applies to brokers

A cap on rental application fees does in fact apply to brokers and agents who match tenants with landlords, whether they like it or not. That's the...

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Blackstone adds European real estate in $4.7B deal
News 1 month ago
Blackstone adds European real estate in $4.7B deal

Blackstone Group Inc. added new properties in Germany and The Netherlands with the purchase of a Canadian real estate trust, in deal valued at C$6...

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Housing advocates say there’s ‘good cause’ to give Been heave-ho from City Hall
News 1 month ago
Housing advocates say there’s ‘good cause’ to give Been heave-ho from City Hall

Tenant advocates fuming over comments Deputy Mayor Vicki Been made about a failed good-cause eviction bill claim her "tone-deaf quips" merit a boot...

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Uber to sign large lease at World Trade Center
News 1 month ago
Uber to sign large lease at World Trade Center

Uber is close to signing a large lease to expand and relocate its New York headquarters to the World Trade Center. The ride hailing app is on the...

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Building diversity—but there's a long way to go
News 1 month ago
Building diversity—but there's a long way to go

On a steamy Friday in late July, hundreds of real estate professionals filled a Midtown event space to learn about opportunity zones, deal...

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Lawsuit claims hedge-funder is behind de Blasio blockade of East Village dorm plan
News 1 month ago
Lawsuit claims hedge-funder is behind de Blasio blockade of East Village dorm plan

The owner of a vacant school building in the East Village is again taking the city to court, claiming that Mayor Bill de Blasio is conspiring...

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Community health centers implore Congress to extend $4B fund
News 1 month ago
Community health centers implore Congress to extend $4B fund

Community health center leaders from across the state will descend on Washington, D.C., this week as Congress returns from recess. Their goal is to...

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De Blasio admits rent laws have 'consequences'
News 1 month ago
De Blasio admits rent laws have 'consequences'

Mayor Bill de Blasio acknowledged Friday that the state's new rules on rents may come with costs of their own. The comments came in response to...

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Rare bright spot for Bed Bath & Beyond expands to Upper West Side
News 1 month ago
Rare bright spot for Bed Bath & Beyond expands to Upper West Side

Not all retailers are retreating in the city. Buybuy Baby, the children’s merchandise arm of the home goods seller Bed Bath & Beyond, is opening a...

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Prepping Real Estate Firms for an Economic Downturn
News 1 month ago
Prepping Real Estate Firms for an Economic Downturn

Economists, CEOs and business owners each have their own opinion on if or when the U.S. economy will fall into a recession. Some experts indicate...

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A Summary of the Updated Regulations for Qualified Opportunity Zone Investments
News 1 month ago
A Summary of the Updated Regulations for Qualified Opportunity Zone Investments

It has been very well publicized that the Tax Cuts and Jobs Act enacted a new opportunity to incentivize real estate investment and development in...

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More people are leaving NYC metro daily than any other U.S. city
News 1 month ago
More people are leaving NYC metro daily than any other U.S. city

Scores of people are leaving the New York City area behind daily. New York leads all U. S. metro areas as the largest net loser, with 277 people...

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Amazon is coming to New York, and we still lose
News 1 month ago
Amazon is coming to New York, and we still lose

Like it or not, Amazon is coming to New York City, and the biggest losers are New Yorkers. After Amazon abandoned its plans for a New York City HQ2...

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City's first outlet mall is barely a third full three months after opening
News 1 month ago
City's first outlet mall is barely a third full three months after opening

Since its grand opening on May 15, New York City's first outlet mall has only 26 of its 75 storefront spaces currently filled. The entire fourth...

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WeWork squeezes people into just half the space of most offices
News 2 months ago
WeWork squeezes people into just half the space of most offices

Here’s a superlative that didn’t get much attention in WeWork’s 220-page prospectus for its planned initial public offering: it jams more people...

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City gives housing lottery applicants a break
News 2 months ago
City gives housing lottery applicants a break

Qualifying for affordable units through the city's housing lotteries just became easier. Applicants will now have the choice of demonstrating they...

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Walmart sues Tesla over fires linked to rooftop solar panel systems
News 2 months ago
Walmart sues Tesla over fires linked to rooftop solar panel systems

Walmart has sued Tesla, claiming it failed to live up to industry standards in the installation of solar panels on top of hundreds of stores,...

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WeWork dominates rankings of city’s largest property sales and office leases
News 2 months ago
WeWork dominates rankings of city’s largest property sales and office leases

For yearlong access to the dozens of lists assembled by Crain's New York Business, please log in or subscribe for a data membership. WeWork's...

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