Political Real Estate News - The Real Deal

Partnership for New York City’s Kathryn Wylde set to retire

TRD Staff — Thu, 22 May 2025 21:29:22 +0000

Longtime Partnership for New York City leader Kathryn Wylde is ready to sail off into the sunset. Wylde will step down as the chief executive officer of the consortium next year, the New York Times reported. The 78-year-old plans to help the organization pick its next leader. In discussing her pending retirement, Wylde said it […]

This article originally appeared on The Real Deal. Click here to read the full story.

Court of Appeals tosses Local Law 97 challenge

Kathryn Brenzel — Thu, 22 May 2025 21:00:00 +0000

The state’s highest court on Thursday threw out a group of building owners’ legal challenge to New York City’s carbon emission law. The Court of Appeals found that the state’s climate law does not preempt the city’s Local Law 97, which requires greenhouse gas emissions to be cut by 40 percent by 2030 and 80 […]

This article originally appeared on The Real Deal. Click here to read the full story.

“Time would seem to be right”: Trump pitches Fannie, Freddie privatization

TRD Staff — Thu, 22 May 2025 16:30:07 +0000

With headlines swirling about foreign planes and a “big, beautiful bill,” Donald Trump took time on Wednesday to turn attention towards a regular discussion in real estate circles: Fannie Mae and Freddie Mac’s future. Trump said he was giving “very serious consideration” to the idea of privatizing the government-controlled enterprises, the Wall Street Journal reported. […]

This article originally appeared on The Real Deal. Click here to read the full story.

The Daily Dirt: Landlords open books, but pols’ minds will stay closed

Erik Engquist — Thu, 22 May 2025 11:30:00 +0000

An excellent article broke down how the 2019 rent reform, combined with rising expenses, sent the finances of two rent-stabilized portfolios into a downward spiral. It was also clear that they are not the only ones suffering, as all Daily Dirt readers know. So many thoughts came rushing to my head as I read the […]

This article originally appeared on The Real Deal. Click here to read the full story.

Apartment project filings rise as plans shrink to 99 units

Erik Engquist — Wed, 21 May 2025 19:00:00 +0000

Multifamily project filings in New York City last quarter spiked in one building size category. Can you guess which? That’s right — those with 50 to 99 units, according to the Real Estate Board of New York’s quarterly report. The number of planned units (2,606) in such buildings was more than twice as high as […]

This article originally appeared on The Real Deal. Click here to read the full story.

Charlie Kushner shipping off to France

TRD Staff — Wed, 21 May 2025 18:58:50 +0000

Another real estate developer is about to assume an ambassadorship. Charles Kushner probably shouldn’t expect to hear lots of bonjours when he arrives in France, though. The Senate confirmed the real estate developer to serve as the French ambassador, the Associated Press reported. The Kushner Companies founder was confirmed by a 51-45 vote that saw […]

This article originally appeared on The Real Deal. Click here to read the full story.

Revised ground-lease bill gains steam, REBNY says it’s still unconstitutional

Kathryn Brenzel — Wed, 21 May 2025 18:00:00 +0000

New York lawmakers have dropped efforts to cap rent increases on ground-lease co-ops, but owners aren’t celebrating. The state legislature is instead moving forward with an amended bill that gives residents of a co-op — where ownership of the building and land are split — the first crack at buying the ground lease if the […]

This article originally appeared on The Real Deal. Click here to read the full story.

Anthony Weiner’s back — and has something to say about real estate

Erik Engquist — Wed, 21 May 2025 12:00:00 +0000

This is not a joke: Anthony Weiner’s City Council campaign strategy is to be honest with voters. More than a decade after trying to cover up the sexting addiction that famously wrecked his political career, Weiner is not simply telling voters what they want to hear as he campaigns in District 2, which runs from […]

This article originally appeared on The Real Deal. Click here to read the full story.

The Daily Dirt: One45’s subsidy question

Kathryn Brenzel — Wed, 21 May 2025 11:30:00 +0000

What lies in store for One45 in Central Harlem? I began yesterday’s newsletter by saying that developers typically don’t share their plan Bs for a site while actively pursuing their preferred design. And then, of course, I begin today’s newsletter with a project where one version is on the table and another is being negotiated. […]

This article originally appeared on The Real Deal. Click here to read the full story.

The Daily Dirt: Related’s casino contingency plans

Kathryn Brenzel — Tue, 20 May 2025 11:30:00 +0000

At the last minute, Related Companies goes with plan…C? Developers understandably do not want to publicly share their alternative plans for a site while trying to get public approvals for their preferred design. When it comes to plans for one of the three casino licenses up for grabs, some insist there is no alternative. Steve […]

This article originally appeared on The Real Deal. Click here to read the full story.