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Mamdani to Suspend NYC’s Tax Lien Sale Program

Mamdani to Suspend NYC’s Tax Lien Sale Program

by Phil Hall | Mar 11, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

Mayor Zohran Mamdani plans to halt New York City’s tax lien sale program and might consider ending the practice. The program began in 1996 and involves the sale of property owners’ unpaid tax liens and water debt at a discount to a private investor-backed trust, which...
NYC Mayor Mamdani Lobbies Trump for $21 Billion to Fund Affordable Housing Project

NYC Mayor Mamdani Lobbies Trump for $21 Billion to Fund Affordable Housing Project

by Phil Hall | Feb 27, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

New York City Mayor Zohran Mamdani made a surprise trip to the White House yesterday with the goal of lobbying President Trump into allocating $21 billion federal funds for a massive affordable housing project. The proposed project would build 12,000 affordable...
NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty

NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Joshua Schuster, a former New York City real estate developer who was indicted last May for conducting a four-year, multimillion-dollar real estate investment scam, is reportedly planning to enter a guilty plea in his case. Hoodline.com reports Schuster is scheduled...
American Express to Build 55-Story HQ at World Trade Center Site

American Express to Build 55-Story HQ at World Trade Center Site

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

American Express (NYSE: AXP) has unveiled plans for a new global headquarters at 2 World Trade Center in Lower Manhattan. The building will be developed on land owned by the Port Authority of New York and New Jersey under a long-term ground lease. This marks the final...
Hits and Misses for the Real Estate Week of Feb. 16-20

Hits and Misses for the Real Estate Week of Feb. 16-20

by Phil Hall | Feb 20, 2026 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, WRE News Exclusive

A proposed property tax hike in New York City, a California lawmaker fighting for homeowner insurance rights, and a hotel executive forced out of his job because of a toxic friend. From the wild and wooly world of real estate, here are our Hits and Misses for the week...
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