Broker fee ban an “error,” court rules
An Albany judge sided with the real estate industry Friday, declaring New York state regulators’ attempt to ban tenants from paying landlords’ broker fees an “error of law.” The decision comes more than a...
Politics
Stephen Ross puts $500K into PAC. Where’s the rest?
Related Companies chairman Stephen Ross has made no secret of his desire for a more business-friendly mayor in City...
Real estate’s wins and losses in new state budget
As the dust clears on New York’s $212 billion budget, the real estate industry finds a changed landscape. The...
Cuomo’s $1.3B for Penn Station work can’t go to towers
Gov. Andrew Cuomo’s request for $1.3 billion in funding to redevelop Penn Station is getting approved, but not without...
NY close to approving $2.4B rent relief bill — but its rollout will be the real test
Landlord and tenant groups say the state’s plan for disbursing more than $2 billion in rent relief is a...
New York legislator proposes “tenant union” to fight evictions
A Manhattan state senator wants renters to band together to increase their leverage with landlords when the eviction moratorium...
Lawmakers near deal on $2B in rent relief
Lawmakers and the governor have agreed on a framework to distribute more than $2 billion in rent relief. In addition to federal relief, the agreement, which is part of the state’s delayed budget, includes...
NY lawmakers near deal to hike income tax for top earners
UPDATED April 5, 2020, 10:09 p.m.: New York state’s budget, which was due on April 1, is still being...
National
Construction, leisure & hospitality jobs rebounded in March
The leisure and hospitality industry bounced back in March, adding 280,000 jobs to the economy as hotels, restaurants and...
Three landlords slapped with six-figure fines for carving up buildings
Three landlords trying to pack people into residences like sardines were hit with big fines by New York City’s...