government briefs

Blackstone just sold off a 29M sf national industrial portfolio

Fresh off acquiring one of the largest industrial portfolios in history, Blackstone has turned around and sold a piece...

Government briefs: Proposed zoning “standard” could cap height of Gamma’s Sutton Place tower, Michael Stern promises to pay for flood barriers in exchange for air rights … & more

Government briefs: Developers who build off-site affordable housing no longer eligible for 421a, DA nails landlord who forged deed transfers … & more

From the October issue: Far Rockaway rezoning could bring 6.5M sq. ft. of new office space The City Council unanimously approved a $288 million...

An obscure government bureau with a $7B portfolio could be commissioning embassies around the world

The Bureau of Overseas Building Operations, the State Department division in charge of the constructing and designing American embassies abroad, seems to be readying...

Government briefs: FBI’s 10-year search for new headquarters nixed, the mayor voices support of controversial Brooklyn development … & more

From the August issue: The General Services Administration is abandoning its $2 billion proposal for a new Federal Bureau of Investigation headquarters, the Washington Post reported...

Government briefs: Rising flood insurance costs could have NYC homeowners swimming in debt, city office deals stall under President Trump … & more

From the May issue: City officials are pumping the brakes on some new leases and renewals for city office space, a sign that they are...

Government briefs: Amtrak’s Gateway could get shut, Nonunions may face labor pains … & more

From the April issue: Donald Trump’s proposed budget cuts for fiscal year 2018 could derail Amtrak’s $24 billion Gateway project, a planned renovation to the...

Government briefs: Washington’s housing policy crisis, soaring commercial property taxes … & more

From the February issue:  Commercial real estate broker and mayoral hopeful Paul Massey raised $1.6 million in campaign donations over the last six months,...

Government Briefs: BlackRock nabs subsidy for Hudson Yards move, Airbnb hashes out a compromise with city … & more

From the January issue:  Financial behemoth BlackRock is planning to pick up stakes in Midtown, move to the wilds of Hudson Yards and net...

Government briefs: Mayor proposes streetcar system, LIC project hits approval roadblock … and more

From the March issue: In what has been hailed as his most ambitious transportation initiative to date, Mayor Bill de Blasio has put forward...