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Banks: 421a deal may be weeks away

State authorities are moving forward with a plan to revive the lapsed 421-a tax incentive. On Monday, Governor Andrew Cuomo advanced a replacement plan negotiated by the Real Estate Board of New York and the Building and Construction Trades Council...

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Port Authority unveils $32 billion Capital Plan

The Port Authority has proposed spending $32 billion improving New York’s transportation network over the next ten years. In what it called an “unprecedented” move the Port Authority Board approved a draft 10-year Capital Plan that will return...

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President Elect names Jared Kushner as advisor

President Elect Donald Trump this week named 36-year-old real estate scion Jared Kushner as a senior advisor to the White House. Kushner, who is married to Trumpʼs daughter Ivanka, has said he will relinquish his role as CEO of Kushner Companies,...

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Real estate taxes paying city salary bill

New York City collected $20.4 billion in taxes from the real estate industry in 2016, enough to pay the salaries of all teachers, police officers, firefighters, sanitation workers, correction officers and other services. According to a report from...

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