Real Estate
Posted inAdams World: Investigated
The move of the Department for the Aging to billionaire Alexander Rovt’s 14 Wall Street gets a green light after a months-long pause, even as an investigation of the city official who steered the deal continues.
Posted inManhattan
Storefronts and Apartments Grow, Fertilized by New Zoning and Tax Schemes
‘City of Yes’ and 485-x incentives have spurred development, even as construction wage rules discourage big projects.
Posted inEconomy
Job-Promoting Tax Breaks Are on the Brink of Blowing Up
Both a longtime incentive to locate jobs outside Manhattan and a new proposal to boost employment in the city’s central business district will vanish unless the state legislature acts soon.
Posted inThe Bronx
Community Ownership Is Now Part of Kingsbridge Armory Revival Project
Northwest Bronx Community Clergy Coalition negotiated space to aid small businesses and local workers as the city begins public review to develop the long-vacant landmark.
Posted inDevelopment
Citi Field Casino Push Wins Permission to Build in Stadium’s Backyard
The parking lot surrounding the Flushing stadium is technically parkland controlled by the state. On Wednesday, Albany lawmakers voted to allow development on it.
Posted inBrooklyn
The Terrible Truth About Sherita, Brooklyn’s Beloved Billboard Dinosaur
The vanished icon of Atlantic Ave. was the relic of a secretive family who grabbed buildings from immigrant owners across the booming borough.
Posted inDevelopment, Streets
Big Tax Breaks Get Bigger as Mega-Developers Challenge Assessments
Properties in Hudson Yards and Times Square are among the buildings that win millions of dollars in tax appeals even after getting up-front tax reductions — a maneuver New York allows that some other states restrict.
Posted inHow to New York
Apartment Dwellers, Avoid These Winter Heating Hazards to Stay Safe
Beware of space heaters, using your oven and stove as a furnace and more.
Posted inManhattan
What Doom Loop? Healthy Office Rentals and Tax Assessments Show Manhattan’s Strength.
High-end commercial towers drive a post-pandemic recovery for the nation’s leading business district.
Posted inCity Hall
Adams Ally in Charge of City Leasing Demanded Lucrative City Gig for Favored Broker, Suit Alleges
Jesse Hamilton forced Cushman & Wakefield to assign Diana Boutross to city lease deals, according to a court complaint — before the duo jetted off to Japan with Adams’ soon-to-be-indicted chief advisor.

