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therealdeal.com

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No solutions in sight for co-ops’ pied-à-terre problem

Problems created by the pied-à-terre tax are popping up faster than they’re being solved. You already know the tax was shoehorned into the state budget in mid April, two weeks after the budget was due, with no public vetting. Then the city rushed to implement it in a hopeless attempt to collect $500 million in 10 months.

New York, NY · 08-25
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New York Post

partner publisher · 1.8M followers
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Harlem nonprofit WHDC’s board blasted over incompetence and squandered millions: ‘Things are starting to go off the rails’

An embattled Harlem nonprofit accused of squandering tens of millions meant for the area’s regeneration is hobbled by its feckless board, sources tell The Post. Frustrated with the West Harlem Development Corporation’s (WHDC) failure to capitalize on its near $100 million endowment from Columbia University, sources blame the long-procrastinating board, who have failed to make any significant investments to benefit the community. The fund has dwindled to $56 million and the 13 board members, many of whom have degrees from Ivy League universities, appear beholden to its chair, ex-judge Milton Tingling, and loath to challenge him, one former member told The Post. NY County Clerk and former Judge Milton Tingling is the chairman of the West Harlem Development Corporation. NYS Courts The nonprofit is also being sued by former board member and employee Vincent Morgan over allegations of antisemitism, racism and harassment by the group’s executive director, Zead Ramadan. As part of that lawsuit, Morgan claims Tingling called a meeting outside working hours in February 2024 where he told him “things are starting to go off the rails,” and told him to check with him before raising issues, according to federal court filings. City takes prospective vendors for Mamdani’s planned

New York, NY · 08-24

therealdeal.com

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Policy Pro: Unlikely developers win greenlight for Bed-Stuy megaproject

Hello, let’s get into today’s news at the intersection of policy and real estate:. The City Planning Commission greenlighted an unusual Bedford–Stuyvesant redevelopment. New York’s construction industry reacts as 50 percent tariffs hit Canadian cement, plywood and other key building materials. Building professionals are waiting months...

New York, NY · 08-24
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realestatenews.com

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Compass rentals lawsuit dismissed, refiled with new plaintiff

Compass was momentarily off the hook when a lawsuit filed Aug. 19 was voluntarily dismissed three days later — but the complaint was quickly refiled by a new plaintiff. On Aug. 22, Peter Castaneda and Haley Gelfand dismissed their rental monopoly claims against Compass with prejudice, meaning they cannot sue the brokerage again over the same allegations. A new plaintiff, Charles Lieberman, then filed a slightly revised version of the suit on the same day.

New York, NY · 08-25
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globalair.com

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Infinity Aviation enters New York business aviation market with Trenton FBO acquisition

The New York area is one of the most competitive business aviation markets in the U.S. In that environment, access to the market can be as valuable as the facility itself. Infinity Aviation Group announced Aug. 19 that it has expanded into the market through its latest FBO acquisition. Infinity...

New York, NY · 08-20

theproducenews.com

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USDA restricts PACA violators in New York, North Carolina and Texas

The U.S. Department of Agriculture has imposed sanctions on three produce businesses for failing to meet contractual obligations to the sellers they purchased produce from and failing to pay reparation awards issued under the Perishable Agricultural Commodities Act. These sanctions include suspending the businesses’ PACA licenses and barring the principal operators from engaging in PACA-licensed business or other activities without USDA approval.

North Carolina · 08-18

cityandstateny.com

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The 2026 Trailblazers in Real Estate

In late June, the New York City Rent Guidelines Board approved a controversial rent freeze on rent-stabilized apartments. In early July, the conversion of the former Pfizer headquarters into residential apartments was halted due to buckling support columns and concerns about the midtown Manhattan building’s structural integrity. In late July, the Mamdani administration published a list of properties potentially subject to new pied-à-terre tax, prompting an outcry and a legal challenge.

New York, NY · 08-17

New Jersey 101.5

partner publisher · 123.5K followers

New York Pension Data Reveals Eye-Popping Retirement Checks

A growing number of retired educators earned at least a half-million dollars in retirement benefits. One teacher earns over a million.

New York · 08-15

cityandstateny.com

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The 2026 Trailblazers in Real Estate

In late June, the New York City Rent Guidelines Board approved a controversial rent freeze on rent-stabilized apartments. In early July, the conversion of the former Pfizer headquarters into residential apartments was halted due to buckling support columns and concerns about the midtown Manhattan building’s structural integrity. In late July, the Mamdani administration published a list of properties potentially subject to new pied-à-terre tax, prompting an outcry and a legal challenge.

New York, NY · 08-17

Gothamist

partner publisher · 28.5K followers

National Grid seeks to freeze rates, but watchdogs say the move is a hike in disguise

Watchdogs are skeptical of National Grid's motive for a rate freeze. The utility says its proposal is intended to address affordability for its customers. [ more › ]

New York, NY · 08-14

107.7 GNA

partner publisher · 11.1K followers

New York Pension Data Reveals Eye-Popping Retirement Checks

A growing number of retired educators earned at least a half-million dollars in retirement benefits. One teacher earns over a million.

New York · 08-12

New York State News

partner publisher · 8.3K followers

New York Pension Data Reveals Eye-Popping Retirement Checks

A growing number of retired educators earned at least a half-million dollars in retirement benefits. One teacher earns over a million.

New York · 08-12

101.5 WPDH

partner publisher · 55.8K followers

New York Pension Data Reveals Eye-Popping Retirement Checks

A growing number of retired educators earned at least a half-million dollars in retirement benefits. One teacher earns over a million.

New York · 08-13

rockawaytimes.com

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MCU Opens in Arverne by the Sea

Municipal Credit Union (MCU), the New York Metro’s largest credit union, today celebrated the opening of its newest branch at 6820 Rockaway Beach Boulevard in Arverne by the Sea on Monday, August 10, marking a new chapter for financial access on the Rockaway peninsula following years of bank branch closures.

New York Metropolitan Area, NJ · 08-13

uticaphoenix.net

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WithCoverage Expansion to Bring 205 New Jobs to New York City

AI-powered insurance technology company plans $25 million in New York research and development as it builds a larger Manhattan headquarters. New York is backing a WithCoverage expansion that state officials say will create 205 full-time jobs in New York City and generate $25 million in research and development spending across the state over the next five years. The project represents another attempt by state economic-development officials to position New York as a major center for artificial intelligence, financial technology and insurance innovation.

New York · 08-12

NY1

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NYC businesses urge Hochul to back changes to bill banning 'surveillance pricing'

In early June, the state legislature passed what’s known as the One Fair Price Act in an effort to ban surveillance pricing — which is when companies use consumers’ personal data to set individualized prices. Gov. Kathy Hochul hasn’t yet signed the bill into law. A coalition...

New York, NY · 08-13

New York Post

partner publisher · 1.8M followers

Blame Gov. Kathy Hochul and the Legislature for NYC’s power peril

New York City doesn’t have enough available energy to meet the needs of a serious heat wave or an especially frigid winter. Governor Kathy Hochul speaks during the 44th annual Dominican Day parade on August 9, 2026 in New York, New York. Lev Radin/Shutterstock The city is now relying almost nonstop on two aging emergency electric power-supply barges off Brooklyn’s Sunset Park to keep the lights on and apartments cool, Crain’s reports. In other words, Gotham is already relying on its last line of defense against blackouts, and at high risk of catastrophic failure. If these aging stations fail, or demand spikes in, say, a week of 100-degree-plus temps, we’re in big trouble. New Yorkers pay 3rd-highest electricity costs in US, trailing only Hawaii and California Blame Albany Democrats — Gov. Kathy Hochul and our feckless state Legislature. Under then-Gov. Andrew Cuomo, Albany rushed to close the Indian Point nuclear plant, choke off new supplies of natural gas and retire fossil-fuel power plants far faster than alternative sources could come online — while simultaneously booting electricity demand by pushing shifts to electric cars, heating and so on. And Hochul only recently began even talking about slowing down the madness. Gov.

New York, NY · 08-10

cityandstateny.com

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The 2026 Top Trade Associations

Trade associations are power players in New York policymaking. Some, like the Greater New York Hospital Association, the Real Estate Board of New York and the New York State Trial Lawyers Association, are known for their enduring influence in New York City and Albany. Other trade associations garner attention amid battles over specific legislation, such as the New York Insurance Association, which lent support to Gov. Kathy Hochul’s recent crackdown on auto insurance fraud. Many of these membership organizations were established over a century ago, but some – like the Coalition for Ticket Fairness and the Ticket Policy Forum – have emerged more recently in response to an evolving economic and regulatory landscape.

New York · 08-10

hoodline.com

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Staten Island, Manhattan Homeowners Sue Mamdani Over Pied-a-Terre Tax Letters

Three New York City homeowners are suing the Mamdani administration over how the city rolled out its new pied-à-terre tax, claiming warning letters and a public property roll mistakenly swept up their primary residences alongside the multi-million-dollar second homes the tax was designed to target. The lawsuit centers on Staten Island residents Rachel O'Brien and Carmine Morano and Manhattan resident Simon Hedley, who say their properties were wrongly included on the city's list.

Staten Island, NY · 08-08

therealdeal.com

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Policy Pro: Hochul takes on homeowner residence fraud

Hey there, reporter Caroline Spivack is on vacation this week, but we have Ben Miller and Lilah Burke filling in today to cover all the policy news that’s important to the real estate industry:. The state sees the pied-à-terre tax as a way to sniff out homeowner fraud.

New York · 08-07