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NYC to Begin Contacting Luxury Property Owners for Mamdani’s New Pied-à-Terre Tax

NYC to Begin Contacting Luxury Property Owners for Mamdani’s New Pied-à-Terre Tax

by Phil Hall | Jun 30, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The administration of New York City Mayor Zohran Mamdani has disclosed how it plans to enforce its new so-called “pied-à-terre tax” on luxury second homes. The New York Post reports the city’s Department of Finance (DOF) will contact the owners of the targeted...
NYC’s Historic Aqueduct Racetrack Closed; Future of 210-Acre Site Uncertain

NYC’s Historic Aqueduct Racetrack Closed; Future of 210-Acre Site Uncertain

by Phil Hall | Jun 29, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

New York City’s Aqueduct Racetrack, the site for countless classic moments in thoroughbred racing, closed on Sunday after 132 years in operation. According to combined media reports, the Queens-based venue is being shuttered as part of the New York Racing...
Hits and Misses for the Real Estate Week of June 22-26

Hits and Misses for the Real Estate Week of June 22-26

by Phil Hall | Jun 26, 2026 | Current News & Events, Hits and Misses, International Real Estate News, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Trump about-face on the bipartisan housing bill, a lack of natural gas services in a Brooklyn housing project, and an unlikely real estate advisor for Perez Hilton. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June...
NYC Board Approves Mamdani’s Rent Freeze

NYC Board Approves Mamdani’s Rent Freeze

by Phil Hall | Jun 26, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City’s Rent Guidelines Board has fulfilled a campaign promise by Mayor Zohran Mamdani by voting 7-1 for freezing rent increases on the one- and two-year leases for nearly one million rent-regulated apartments. According to the Wall Street Journal, the freeze...
Chief of Staff to Former NYC Mayor Adams Indicted in Migrant Housing Bribery Scheme

Chief of Staff to Former NYC Mayor Adams Indicted in Migrant Housing Bribery Scheme

by Phil Hall | Jun 25, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Frank Carone, an advisor and chief of staff to New York City’s former Mayor Eric Adams, pleaded not guilty to federal corruption charges related to a bribery scheme involving migrant housing. The Gothamist reports Carone, his brother Anthony Carone, and Chinese...
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