This Week in Comments

TRD New York /
Feb.February 26, 2010 11:56 AM

Convictions overturned in Bronx illegal partition case
As a landlord I applaud the judge here. Landlords are in a no-win
situation with illegal partitions. If we were to go from apartment to
apartment and make tenants take down these illegal walls we’d be in
harassment hearings. Some of these walls have been up for decades. So a
landlord is supposed to tell a tenant that the apartment they rented as
a three-bedroom 20 years ago is now a two-bedroom? I’ve tried telling
tenants to take down the walls before. I get accused of trying to
“force the tenants out.” Make and enforce a rule and I’ll follow it,
but if you chose demolition then you’ve got to back me up when I start
taking away bedrooms from 65-year-old immigrant grandmas who are
subletting out these rooms so they can afford their medications/rent
(my example is extreme but certainly true in some cases). And then when
the tenant can’t afford her rent without the help of a subletter, who
now has to move out, don’t vilify me for evicting non-paying grandmas.

Manhattan’s hotel market weak into 2010
Demolishing the Hotel Pennsylvania is a shameful thing. The shell could be saved and Vornado could build their useless offices inside. Landmarks do not replicate themselves and the Hotel Pennsylvania, in spite of its decrepit state, is still a McKim, Meade, and White building.

22-year-old building home to 22-year-olds

Yes, they call it the “Bong Building.”

Moinian defaults on W New York-backed loan, says continues to make payments

If you people were actually in the business you’d know that all major players are taking advantage of the market to renegotiate their terms. If you think that Moinian’s name is not going to be on that building when it’s all said and done then you don’t know jack.

Brokerage releases first 5-borough retail report
They missed a major retail shopping center: West 181st and St. Nicholas. It is [like] the Time Square on Broadway. On any given day, the streets are filled with shoppers yet it isn’t included on this report. Too bad.

Lenz, Bracha Group, Barak/Blackburn Group win top Elliman awards
I am interested to know who won, because it helps us recruit the good talent — maybe not Lenz or Bracha, but the rest of the young talent who achieved [awards] at Elliman.

Mortgage application volume drops
Could only mean more cash buyers.

Nine Hamptons rentals hit the auction block
$159,000 for a Hampton Bays rental listing? Oh, these guys are brilliant.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Public Advocate Jumaane Williams (Getty; iStock)

“It’s compliance warfare”: Industry slams landlord accountability bills

“It’s compliance warfare”: Industry slams landlord accountability bills
Stephen Ross and Time Warner Center (Getty)

Stephen Ross slashes price of Time Warner Center penthouse

Stephen Ross slashes price of Time Warner Center penthouse
AMC’s financial woes have left the movie theater chain strapped for cash and facing in-court restructuring of its liabilities. (iStock; Getty)

AMC faces serious cash crunch despite theaters reopening

AMC faces serious cash crunch despite theaters reopening
Pretium CEO Don Mullen and Ares Management CEO Michael Arougheti (Photos via Pretium; Getty)

Pretium, Ares agree to buy Front Yard Residential

Pretium, Ares agree to buy Front Yard Residential
Brooklyn’s home sales dipped in Q3, but the median home price was above $900K (iStock)

Brooklyn home sales drop by 57%, but prices rise

Brooklyn home sales drop by 57%, but prices rise
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...