New York
Jun 26, 2025
Mamdani poised to help real estate in several ways. No, really
Industry, incoming mayor simpatico on some issues
Zohran Mamdani
Zohran Mamdani was elected to the state Assembly in 2020, unseating Democratic incumbent Aravella Simotas to represent a Queens district that includes Astoria and Long Island City. He was re-elected in 2022. In a major upset, Mamdani won the Democratic primary for mayor in June 2025, edging out the long-presumed front-runner, Gov. Andrew Cuomo. A Democratic Socialist, Mamdani ran on a platform that he would freeze rents for the city's housing stock.
New York
Jun 24, 2025
Zohran Mamdani pulls off Democratic nomination upset for NYC mayor
“Tonight was not our night,” said Cuomo, conceding to Democratic socialist upstart and real estate nemesis
New York
Jun 25, 2025
Bracing for Mamdani: Can real estate survive crushing defeat?
Socialist’s mayoral victory dooms struggling rent-stabilized buildings