A New York real estate group has agreed to pay $1 million to settle allegations that it harassed tenants as part of a campaign to replace them with people paying higher rents.
Vantage Properties owns 9,500 apartments in the city.
Attorney General Andrew Cuomo announced the settlement Thursday.
He had accused the company of trying to push out [...]
The West Side Rail Yards project will go on, despite the loss of one of its partners.
The Metropolitan Transportation Authority announced Monday that financial giant Goldman Sachs has pulled out of the $1 billion deal to redevelop the Hudson rail yards.
However, the plans are expected to go on unchanged. The MTA is delaying the project [...]
If Donald Trump has his way, orphaned Manhattan apartment complex Stuyvesant Town-Peter Cooper Village could one day be called TrumpTown.
The Post has learned that the real estate mogul and TV personality has thrown his hat into the ring to either buy or manage the massive apartment complex, whose fate was cast into doubt this week [...]
A Manhattan Supreme Court judge ruled Monday that the special minimum increases imposed by the Rent Guidelines Board in 2008 were illegal.
The law said tenants paying less than $1,000 a month had to pay an increase of either $45 or 4.5 percent on one-year leases — whichever was higher.
For two year leases, those figures jumped [...]
Capping a slow and steady financial fall, two real estate giants are handing Stuyvesant Town and Peter Cooper Village over to creditors.
Tishman Speyer and BlackRock Realty were unable to maintain their financial commitment to the sister properties.
A spokesman for the partnership says transferring control became the only viable alternative to bankruptcy, after it couldn’t make [...]
The head of the city board that sets rent hikes for a million New Yorkers has resigned – putting landlords and tenants on alert for who Mayor Bloomberg appoints to replace him.
Marvin Markus, a municipal finance expert, oversaw the Rent Guidelines Board’s raucous annual meetings to set increases for rent-controlled and rent-stabilized apartments during all [...]
The recession pushed leasing activity in Manhattan to its lowest level in a decade last year with only 16.3 million square feet rented, a 15% drop from 2008, according to a report released Tuesday.
The dearth of deals pummeled rents, which fell to their lowest point since the first quarter of 2007, according to Cushman & [...]
Las Vegas casino mogul Steve Wynn has abandoned his bid to run a slot parlor at Aqueduct Racetrack, whittling the field of hopefuls for the potentially lucrative license down to five.
The withdrawal of Mr. Wynn, who had been considered among the front-runners, leaves two favorites remaining, according to a source connected to the process but [...]
The Museum of Modern Art’s proposal for a new 82-story tower has cleared its final hurdle.
The New York City Council voted Wednesday to approve the plan for a 1,000-foot tall, mixed-use tower on West 53rd Street between Fifth and Sixth avenues. It was the final hurdle for the plan’s approval process.
The museum already has its [...]
One of the biggest, most high-profile deals of the commercial real-estate boom is in danger of imminent default, say people familiar with the matter, signaling the beginning of what is expected to be a wave of commercial-property failures.
The sprawling Manhattan apartment complex known as Peter Cooper Village and Stuyvesant Town — acquired for $5.4 billion [...]
