New York City
DiNapoli: NYC’s Solid Housing Growth at Risk as Permits Fall
While growth in the city was faster than statewide growth (6.5%) and metropolitan area growth (7.4%), it lagged the nation’s overall 10.3% rate of housing growth.
Hudson Valley, NYC Planners Form Regional Partnership
Pattern and the DCP will bring together economic development experts, tourism bureaus, farmers and food-system operators, and other stakeholders who would benefit from planning across both regions.
MTA Says Congestion Pricing Revenues Beat Projections; Raised Nearly $49 Million in January
Since the first-in-the-nation program began on Sunday, Jan. 5, through Friday, Jan. 31, tolls from the CRZ generated $48.66 million in revenue.
New York City Kicks Off Public Review of Midtown South Rezoning Plan to Create Nearly 10,000 New Homes
The proposal would deliver an estimated 9,700 new homes—including up to 2,900 permanently income-restricted affordable homes.
New York State Comptroller Reports New York City Continues to Gray
In 2023, 39.5% of older homeowners in the city spent 30% or more of their household income on housing costs.
CBRE Group Establishes Global Financial HQ at Lever House in Midtown Manhattan
200 Park Ave. will continue to serve as the headquarters of CBRE’s New York Tri-State Advisory Services business and house the company’s New York-based Global Workplace Solutions teams.
Housing Advocates Hail City Council’s Passage Of New York City’s ‘City of Yes’ Zoning Plan
The citywide rezoning will enable the creation of 80,000 new homes over the next 15 years and invest $5 billion, which includes $1 billion in state funding, towards critical infrastructure updates and housing.
LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
New York City Council Passes ‘Broker Fee Bill’ Over Real Estate Industry’s Objections
The FARE Act will undoubtedly lead to higher rents and reduced access to available rental listings for prospective tenants, exacerbating housing affordability challenges New Yorkers already face.
Catholic Charities of New York Inks 77,130-SF Office Lease Deal at 80 Maiden Lane
The nonprofit organization will expand its existing operations in the property and consolidate various Midtown locations.
NYC Opens 24 New School Buildings Ahead of 2024-2025 School Year
This marks the most new K-12 seats opened by the SCA since 2003.
NY State Funding Will Allow Second Avenue Subway Project to Continue During Congestion Pricing Pause
The capital funding provided to the Metropolitan Transportation Authority will be earmarked towards the utility relocation contract for Phase 2 of the expansion project, which will deliver subway service to residents of East Harlem.