Rent control laws seize New York apartments
Last ditch attempts by real estate developers to thwart final approval of rent control legislation was just too late, reported the New York Times.
“There was some arrogance on the part of the real estate...
Wind at our back
The new tax system, which was reformed for the first time in 32 years in December, strips away some of the long-standing benefits that would incentivize Americans to become homeowners.
“This is definitely a tailwind...
The push for rent control
In November 2018, election ballots in California might include a question on rent control. Right now, California law restricts the spread of rent regulations on housing built after 1995, in addition to many older...
Home smarts
And, if speed of lease-up and the ability to charge higher rents at the newly built 70-unit Excelsior Park apartments in Saratoga Springs, N.Y., is an indicator that smart technology is part of multihousing’s...
Investor’s latest sweetheart: workforce housing
There is expected demand for an additional 4.5 million new apartments in the U.S. by 2030, according to data from the Workforce Housing Committee of the National Multifamily Housing Council, Washington.
What’s more, deal activity...
Paradigm shift
The partners, who come from family-owned multifamily businesses with a combined 150 years of experience, plan to redefine the future of urban rental living by developing and managing apartment communities based on five principles:...
Multifamily’s great reno invasion
Among those speakers was Chip Gaines, who recounted his experience doing facelifts on single-family homes in Waco, Texas, during his presentation at the conference. Chip, who shares the spotlight with his wife Joanna on...
$20 billion skyline
Employers, and by extension, cities seeking growth and tax dollars, are competing more fiercely than ever to become centers of innovation and attract top talent. In New York City, that thinking applies to the...
Start spreading the news
De Blasio unveiled his administration’s ambitious plan to build and preserve 200,000 units of affordable housing, one that he says will house half a million people at a cost of more than $41 billion...
Millionaires in rent-stabilized apartments?
A polo-playing multimillionaire who allegedly broke up Gov. Andrew Cuomo’s marriage, a former tobacco executive who once chaired an anti-tax organization and the head of a hedge fund have all lived in rent-stabilized apartments...
You don’t always get what you want
Reilly’s building, the Windermere West End, a luxury rental, is one of several in the city that prohibit rent-regulated tenants from using new services like gyms, playrooms and rooftop gardens. Some co-op and condo...
Big deal in the Big Apple
The city has taken its first step toward what may be a wave of new development on Halletts Point peninsula, a long-neglected area south of Astoria Park in Queens. Members of Community Board 1...
Little size. Little stuff. Big price. The LifeEdited apartment.
"I have come a long way from the life I had in the late 90s, when, flush with cash from an Internet start-up sale, I had a giant house crammed with stuff-electronics and cars...
Stop the press: print shop goes condo
But the dream faded at Printing House—along with dozens of other 1980s condos in New York-as the real estate market entered a long slump. Much of the building, already rentals, have been rented out...
After the deluge
Residents of UDR, Inc.'s Rivergate, 95 Wall and 10 Hanover Square were not among the uninformed.
The 40-year-old apartment REIT, which entered New York City with the purchase of the 493-unit 10 Hanover Square in...
