Real Estate

New buildings sit along the Atlantic Yards near the Barclays Center, Jan. 31, 2024.

Auction of Atlantic Yards Sites Endangers Hard-Fought Housing Promises

Feb. 2, 2024, 5:00 a.m.Feb. 1, 2024, 5:29 p.m.

With a Feb. 12 sale scheduled for unpaid loans, local leaders press for action and answers on the future of a controversial state-led construction plan.

175 Water Street in the Financial District had a rounded glass facade.

Manhattan

Adams to Grant $100 Million in Tax Breaks for Two Office Building Upgrades

Jan. 23, 2024, 5:00 a.m.Jan. 22, 2024, 7:42 p.m.

Owners of largely empty buildings in Midtown East and FiDi are first to get new aid d as addressing a record glut of Manhattan commercial space.

Union Square

Union Square Tries to Become Manhattan’s Future

Jan. 4, 2024, 4:59 a.m.Jan. 9, 2024, 1:47 p.m.

A new tech-oriented office building is a big hit, but the numbers say the neighborhood has a long way to go to be a post-COVID economic model.

Affordable Housing

Signature Bank Portfolio Sold in Two Deals That Could Preserve Affordable Housing

Dec. 20, 2023, 7:47 p.m.Dec. 20, 2023, 7:47 p.m.

The FDIC will maintain controlling interests in $15 billion in mortgages once held by the failed bank as it turns to Santander and a community-focused consortium to manage loans covering hundreds of buildings across the city.

The One Vanderbilt skyscraper sat near Grand Central Terminal.

Eric Adams

As Pols Pressed FDNY to Fast-Track Schools, Small Biz Inspections, Adams City Hall Favored Mega-Developers

Dec. 18, 2023, 5:00 a.m.Dec. 15, 2023, 3:00 p.m.

A homeless shelter and affordable housing were also placed on the list by council , who under Adams had to compete for priority with well-connected real estate interests and lobbyists.

FDNY

FDNY Canceled a Dozen Inspections, Including at a Brooklyn Public School, to Fast Track City Hall VIP

Dec. 3, 2023, 12:00 p.m.Dec. 4, 2023, 4:04 p.m.

Fire chiefs raised concerns about favoritism in the earliest months of the Adams istration, internal emails obtained by THE CITY show, as well-connected developers like The Related Companies lobbied to cut the fire inspection line.

FDNY Commissioner Laura Kavanagh spoke at the scene of a deadly e-bike repair shop fire on Madison Street in Chinatown.

Real Estate

‘Extremely Unfair’ FDNY Fast Track for Hudson Yards Would Delay Other Developments, Official Warned

Nov. 29, 2023, 6:59 p.m.March 7, 2024, 12:21 p.m.

Email from a deputy fire chief contended “at least 15-20 inspections” scheduled for new spaces’ fire safety systems would have to be canceled to accommodate a “top priority of City Hall.”

Governor Kathy Hochul speaks at a bill g in Brooklyn to protect New Yorkers from deed theft.

The Deed Finders

Hochul Signs Bill Giving Prosecutors More Power to Halt Deed Theft Evictions

Nov. 15, 2023, 4:49 p.m.Nov. 15, 2023, 4:49 p.m.

But legislation that would require authorities to exercise more oversight over other types of predatory deed transactions uncovered by THE CITY has yet to be introduced.

Construction

NYC Will Build Just 11,000 Homes This Year, Half of 2022 Total, Annual Report Finds

Oct. 18, 2023, 5:00 a.m.Oct. 17, 2023, 6:19 p.m.

The forecast by the New York Building Congress reflects the fallout from the expiration of a major tax break for developers.

Real Estate

Adams and Hochul Hack Tax Break Ime to Spur New Housing

Sept. 29, 2023, 5:00 a.m.Sept. 28, 2023, 6:19 p.m.

Through government ownership of land in Brooklyn’s Gowanus and Staten Island’s North Shore, the mayor and governor provide financial relief to developers despite 421-a program’s expiration.

Real Estate

Auction of Atlantic Yards Sites Endangers Hard-Fought Housing Promises

Adams to Grant $100 Million in Tax Breaks for Two Office Building Upgrades

Union Square Tries to Become Manhattan’s Future

Signature Bank Portfolio Sold in Two Deals That Could Preserve Affordable Housing

As Pols Pressed FDNY to Fast-Track Schools, Small Biz Inspections, Adams City Hall Favored Mega-Developers

FDNY Canceled a Dozen Inspections, Including at a Brooklyn Public School, to Fast Track City Hall VIP

‘Extremely Unfair’ FDNY Fast Track for Hudson Yards Would Delay Other Developments, Official Warned

Hochul Signs Bill Giving Prosecutors More Power to Halt Deed Theft Evictions

NYC Will Build Just 11,000 Homes This Year, Half of 2022 Total, Annual Report Finds

Adams and Hochul Hack Tax Break Ime to Spur New Housing

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