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NY Legislator Suggests Law to Prevent Penn Station from Being Renamed for Trump

NY Legislator Suggests Law to Prevent Penn Station from Being Renamed for Trump

by Phil Hall | Apr 29, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A New York legislator raised the idea of introducing a new bill that would prevent public buildings from being named after convicted felons – an action designed solely to prohibit Penn Station from being renamed after President Trump. The New York Post reports State...
Long Vacant Historic NYC Theater Acquired with State Grants

Long Vacant Historic NYC Theater Acquired with State Grants

by Phil Hall | Apr 7, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A historic theater in New York City’s Upper West Side that has been shuttered for the past 20 years has been purchased for $6.9 million by a nonprofit aided with state grants. IndieWire reports the long-vacant Metro Theater was acquired by Upper West Side Cinema...
NY Governor Announces RFP for Redeveloping Brooklyn Site

NY Governor Announces RFP for Redeveloping Brooklyn Site

by Phil Hall | Mar 21, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

New York Gov. Kathy Hochul announced a Request for Proposals (RFP) for the redevelopment of a 12,800-square-foot state-owned property in Brooklyn. The property in Brooklyn’s Clinton Hill neighborhood has been owned by the Office of Children and Family Services...
Feds Shut Down NYC’s Congestion Pricing Toll Program

Feds Shut Down NYC’s Congestion Pricing Toll Program

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Trump administration’s Department of Transportation has terminated its approval of the congestion pricing toll program in New York City – four months after the Biden administration gave its approval. The program was introduced in early January and charged...
Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes

Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes

by Phil Hall | Jan 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York Gov. Kathy Hochul is planning to offer proposals designed to restrict hedge funds and private equity firms from acquiring large numbers of single-family homes across the state. The New York Times reports the governor will put forth her proposals at next...
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