A bipartisan majority of the New York City Council has called on Mayor Zohran Mamdani to use eminent domain for the seizing a structure located next to a city-owned property with a connection to the Underground Railroad. The New York Post reports 32 Council members...
A new CFPB director is named, New York City nuns address the affordable housing shortage, and Alec Baldwin tries once more to sell his Hamptons estate. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 8-12. Hit and Miss:...
A New York City attorney with a suspended license was indicted for collectively stealing more than $1 million from two borrowers at mortgage refinancings and from Dime Community Bank by writing bad checks. According to the charges brought against him, Jose Polanco...
A broke city gets a new tax, a pesky deed thief is back in custody, and Tampa Bay gets another $1 billion request for a stadium. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 25-29. Miss: Ignoring the Root of the...
The New York State legislature has approved Gov. Kathy Hochul’s proposal to enact a new tax on second homes in New York City valued at $5 million or more. The Wall Street Journal reports the so-called “pied-à-terre tax” is part of the state’s budget legislation and...