'The Crisis Has Already Started': Inside The Finances Of 4,300 Rent-Stabilized NYC Apartments
... someone to take over the portfolio. Earlier this year, L+M Development Partners sued its lender for refusing to take the ...
May 20, 2025
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Even As Business World Guts DEI, Black Developers Carve A Path Forward
... B. Stuyvesant Champagne’s Navy Yard tasting room. “All I'm doing is the same thing all of my ancestors have ...
May 14, 2025
News
Amazon Buys 600K SF Fifth Avenue Building From RFR
... for $1B in 2020. UPDATE, MAY 2, 1:30 P.M. ET: This story has been updated to include a comment ...
May 02, 2025
News
Rent Guidelines Board Gives Preliminary OK To Hikes Up To 4%, Disappointing Landlords
... little interest in taking over the buildings. In March, L+M Development Partners sued Santander Bank over its refusal to take ...
May 01, 2025
News
This Week's N.Y. Deal Sheet: Ralph Lauren Spends $132M On SoHo Storefronts
... into a 135-unit rental apartment property using the 467-m tax abatement. Northwind Group provided a $45M acquisition and predevelopment ...
Apr 29, 2025
News
'Toxic Waste' Signature Loans Add To Volatility Facing NYC Multifamily
... really large real estate book — I'm sure that was part of it. But I'm confident there are plenty of investors ...
Mar 22, 2023
News
Lawmakers, Neighborhood Groups Sue To Overturn City Of Yes
... have a chilling effect.” UPDATE, MARCH 26, 3:30 P.M. ET: This story has been updated with a statement from ...
Mar 26, 2025
News
What Does It Take To Convert Office Space To Residential In NYC? Industry Experts From SOCOTEC Weigh In
... the Affordable Housing from Commercial Conversion tax incentive called 467-m. It provides property tax exemptions for conversions of nonresidential buildings ...
Mar 13, 2025
News
How NYC's New Development Tax Credits Are Changing What Gets Built And Where
Manhattan developers have seized on 467-m, even those that started their projects before the new abatement ... . To reinvigorate housing production, state legislators last year passed 467-m and 485-x, intended to replace 421-a. The 485 ...
Mar 13, 2025
News
1500 Broadway Owner Coughs Up $20M To Hang Onto Struggling Tower
... continued to lose value. CORRECTION, MARCH 12, 4:25 P.M. ET: A previous version of this story misstated 1500 Broadway ...
Mar 11, 2025
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