Tag : rgb

RGB report shows small building owners buckling under cost weight
Debt & Equity

RGB report shows small building owners buckling under cost weight

REW
By Jackson Chen The city’s property owners are feeling the squeeze of increasing operating costs and proposed legislation. According to the city’s Rent Guidelines Board, the price of operating a rent stabilized building has risen 5.5 percent since March 2018. In its annual review, the RGB tracks several factors including...
Rent compromise leaves landlords and tenants in same boat
Featured

Rent compromise leaves landlords and tenants in same boat

REW
By Maria Rocha-Buschel A “compromise” between tenants and landlords left neither side happy this week as the city’s Rent Guidelines Board ended a two year moratorium on rents. The RGB voted on Tuesday to increase rents on the city’s one million-plus rent-stabilized apartments 1.25 percent for one-year leases and two...
RSA lawyers fight rent freeze, citing RGB “errors” over tenant affordability
Deals & DealmakersFeatured

RSA lawyers fight rent freeze, citing RGB “errors” over tenant affordability

REW
By Sabina Mollot Lawyers for landlords group Rent Stabilization Association (RSA) were met by an angry crowd of protesters as they arrived in court to argue against a citywide rent freeze yesterday (Tuesday). Despite freezing temperatures and snow, the sign-waving group of renters, made up mostly of seniors, led chants...
RSA launches new campaign against “puppet master” de Blasio
Deals & Dealmakers

RSA launches new campaign against “puppet master” de Blasio

REW
Days after filing a lawsuit to overturn the rent freeze enacted last month and alleging that the Rent Guidelines Board is advancing the political agenda of Mayor Bill de Blasio, the Rent Stabilization Association has launched an advertising campaign to promote their message. The RSA is the  City’s largest landlord organization with 25,000 members...
Deals & DealmakersFeatured

Landlords sue to overturn New York City rent freeze

REW
The city’s biggest landlord organization is looking to build a winning streak in the courts as it sues the Rent Guidelines Board over its decision to enact a rent freeze. The Rent Stabilization Association, which represents 25,000 landlords of one million rent-stabilized apartments across the city, has lodged a lawsuit...