The Real Deal New York

Posts Tagged ‘Andrew Cuomo’

  • glaser

    Howard Glaser and St. Nicholas church pre-9/11

    Howard Glaser, director of state operations and senior policy adviser to Governor Andrew Cuomo, has decided to resign — and is considering a senior-level job in real estate.

    The high-ranking governor’s aide said he will exit after the legislative session concludes at the end of June, sources told Crain’s. Glaser spearheaded the deal to redevelop the St. Nicholas Greek Orthodox Church, which was destroyed on 9/11. Before the start of Cuomo’s term in 2011, Glaser served as general counsel for the U.S. Mortgage Bankers Association and as counselor to the secretary at the U.S. Department of Housing and Urban Development. [more]

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  • From left: Andrew Cuomo and a New York City graveyard

    From left: Andrew Cuomo and a New York City graveyard

    Although recent changes to estate law boosted the amount most New Yorkers can leave their heirs tax-free, some wealthy residents could be charged substantially more than their property is worth.

    The state legislature initially provided a tax exemption to estates worth less than $1 million. [more]

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  • New York Governor Andrew Cuomo

    New York Governor Andrew Cuomo

    A new state budget deal, reached Saturday between New York legislators and Governor Andrew Cuomo, introduces property tax relief for homeowners. [more]

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  • savoy-park

    Savoy Park in Harlem and Governor Cuomo

    Governor Andrew Cuomo is cracking down on dozens of state’s residents who live in rent-regulated housing but are also seeking an exemption on school property taxes.

    The state Department of Taxation and Finance found 156 tenants of rent-regulated housing who re-applied for School Tax Relief, also known as a STAR exemption, last year. The administration sent letters to the tenants, providing a deadline of two months to remove themselves from one of the two programs. [more]

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  • From left: Governor Andrew Cuomo and Ellen with a crowd of protesters

    From left: Governor Andrew Cuomo and Ellen Davidson speaking before a crowd of protesters

    A group of landlords have brought a case to the Brooklyn courts that challenges the legitimacy of recent changes to rent regulations. [more]

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  • Gov. Andrew Cuomo

    Gov. Andrew Cuomo

    From the February issue: In this month’s roundup of government-related real estate news, TRD takes a look at Governor Andrew Cuomo’s State of the State address, in which he announced he is mulling a $100 million investment in affordable housing. Meanwhile, as New York University’s expansion pushes forward, controversy about the massive project rages on. Despite a ruling that opponents interpreted as a halt to construction, the school believes it can still proceed with its plans to build a 1 million square-foot property on the site of its gym. Read these updates and more after the jump.

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  • From left: Gov. Andrew Cuomo, JPMorgan Chase and Attorney General Eric Schneiderman

    From left: Gov. Andrew Cuomo, JPMorgan Chase and Attorney General Eric Schneiderman

    New York Attorney General Eric Schneiderman’s move to dole out at his own discretion the Empire State’s portion of a $13 billion settlement with JPMorgan Chase has sparked criticism from the governor. [more]

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  • From left: Governor Andrew Cuomo, Mayor Bill de Blasio and a homeless shelter in New York City

    From left: Governor Andrew Cuomo, Mayor Bill de Blasio and a homeless shelter in New York City

    A new budget released by Governor Andrew Cuomo on Tuesday blocks state reimbursements to rental-subsidy programs Mayor Bill de Blasio wants to implement to tackle New York City’s growing homelessness. [more]

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  • From left:

    From left: Brookdale Hospital, Long Island College Hospital and Interfaith Medical Center, Brooklyn

    Three embattled hospitals in Brooklyn are poised to close after waiting 18 months for their slice of a pending $10 billion in funds from a federal health-care funding reallocation for the state of New York. [more]

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  • From left: Moreland Commission Executive Director Regina Calcaterra and Co-Chair William Fitzpatrick

    From left: Moreland Commission Executive Director Regina Calcaterra and Co-Chair William Fitzpatrick

    A Governor Cuomo-appointed panel charged with investigating corruption at the state level met with the governor two days before sending its first round of subpoenas, recently released state records show. The subpoenas were sent to the state Senate Republican Campaign Committee, but notably not to the Democratic Committee, Capital New York reported. [more]

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  • Gov. Cuomo

    Andrew Cuomo

    Upper West Side-based investment firm Castellan Real Estate Partners is expected to reach a settlement with the state over a probe into whether the firm demanded to see Spanish-speaking tenants’ passports, proof of citizenship and pay stubs as a condition of their tenancy. The firm later evicted tenants who would not comply with their demands, which are prohibited by state law.

    After a seven-month investigation, Governor Andrew Cuomo plans to announce the settlement today. The state found that the firm threatened to evict tenants – largely immigrants from Ecuador and Mexico – if they did not comply. Castellan will agree to compensate the tenants it forced to move out. [more]

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  • From left: Gov. Andrew Cuomo, Co-op City

    From left: Govenor Andrew Cuomo, Co-op City

    Governor Andrew Cuomo is trying to put Bronx mega-complex Co-op City on the public transport map. [more]

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  • NYC Comptroller Scott Stringer

    NYC Comptroller Scott Stringer

    A type of performance fee that gives developers a leg up for taking the lead on real estate projects may be cut at the knees by New York City’s new comptroller Scott Stringer, who condemns the fee as a tax loophole.

    Stringer characterized “carried interest,” as a tax break for the rich, because it is taxed at a lower rate than ordinary income. Also known as a “promote,” carried interest is taxed at capital gains rates, generally about 20 percent as opposed to the normal income tax rate of around 40 percent, as The Real Deal has reported. [more]

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  • cuomosos13

    Governor Andrew Cuomo at the 2013 State of the State address

    WEEKENDEDITION Governor Andrew Cuomo will propose a total of $116 million in new spending on affordable housing and jobs programs in his State of the State address the week. [more]

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  • The Interfaith Medical Center at 1545 Atlantic Avenue and Karim Camara

    The Interfaith Medical Center at 1545 Atlantic Avenue and Karim Camara

    Governor Andrew Cuomo tossed Brooklyn’s Interfaith Medical Center a lifeline by committing to fund operations at the struggling hospital until March 2014. [more]

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  • From left: George Pataki and Carl McCall, who chair the gubernatorial commission

    From left: George Pataki and Carl McCall, who chair the gubernatorial commission

    Governor Andrew Cuomo said Monday that he would add a rebate for renters to a $1 billion property tax cut proposal that has been criticized for being unduly harsh on New York City residents. [more]

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  • ferris-wheel-state

    New York Wheel rendering and Kathryn Wylde

    The $330 million Ferris wheel project in Staten Island lost out on state funding from Governor Andrew Cuomo’s economic development program yesterday.

    The project failed to provide any economic benefit, state officials said, whereas the 824 projects accepted into the program apparently did meet that requirement. Nearly $58 million of the total $715.9 million in state grants awarded yesterday went to developments in New York City. [more]

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  • From left: Donald Trump and the New York State Capitol in Albany

    From left: Donald Trump and the New York State Capitol in Albany

    Having turned away from a presidential bid in 2012, the Donald is now floating the idea of taking up Democratic Governor Andrew Cuomo’s spot in Albany. [more]

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  • From left: Moreland Commission Executive Director Regina Calcaterra and Co-Chair William Fitzpatrick

    From left: Moreland Commission Executive Director Regina Calcaterra and Co-Chair William Fitzpatrick

    A panel appointed by Governor Andrew Cuomo to investigate corruption at the state level said in a report issued Monday that it had found evidence of likely wrongdoing and called for an overhaul of New York’s elections and campaign finance laws.

    The Moreland Commission to Investigate Public Corruption slapped several of New York City’s biggest developers — including Gary Barnett, Joseph Sitt and Larry Silverstein — with subpoenas back in August, demanding correspondence concerning tax breaks they received to build luxury condominiums such as One57 and 30 Park Place[more]

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  • From left: Santiago

    From left: Santiago Calatrava, former Church of St. Nicholas at 155 Cedar Street and Andrew Cuomo

    The Greek Archdiocese of New York wants to rebuild a new and larger Church of St. Nicholas at 130 Liberty Street, but has encountered difficulties with the land lease for the Financial District property and may be delayed until 2016. [more]

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