New York City Mayor Zohran Mamdani is threatening to raise property taxes by 9.5% unless the state government agrees to his demand to raise taxes on the city’s wealthiest residents. Property taxes are the city’s largest revenue source, and the mayor does not require...
New York City Mayor Zohran Mamdani’s first “rental ripoff” hearing scheduled for Feb. 26 will not permit tenants in the city’s public housing projects to detail their complaints about the quality of their housing. The New York Post reports that only renters and...
A Capitol Hill conundrum on affordable homeownership, another state wants the Chicago Bears, and a historic theater reopens for business. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 9-13. Miss: A Problem, Not a...
The Chinese owners of New York City’s Waldorf Astoria are putting the iconic hotel up for sale months after it reopened following a multibillion-dollar renovation. The Wall Street Journal reports the property’s eight-year, $4 billion overhaul was five years behind...
The New York City-headquartered real estate investment management and development firm Tavros announced it has closed on the acquisition of 250 Water Street, a one-acre mixed-use development parcel spanning a full block in Lower Manhattan’s Seaport neighborhood,...