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Gen Z drives NYC apartment vacancy rates to historic low of 1 4%

“The data is clear: The demand to live in our city is far outpacing our ability to build housing,” New York City Mayor Eric Adams says.

New yorkUnited statesYuhtyng patkaJason bordainickAdler stachenfeldEric adamsCensus bureauEconomic innovation groupHudson valley property groupEconomic innovationGen zersNew york cityYork city mayor eric adamsTyng patka

$100 Million Tax Breaks Aims to Rescue Vacant Towers

$100 Million Tax Breaks Aims to Rescue Vacant Towers
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Stakeholders Say 2024 Will be the Year for a 421a Replacement

A bevy of stakeholders are saying 2024 will be the year to come up with a successor to the 421a development incentive. Good luck to them.

New yorkUnited statesNew jerseyJersey cityMaria torres springerBrett gottliebHerrick feinsteinKathy hochulLiz kruegerKevin elkinsAdler stachenfeldManny pasterichEric adamsYuhtyng patkaJustin henryYork city vicinity district council of carpenters

Stroock: a law firm that lost control of the narrative

Merger talk leaks and predatory rivals were a symptom, not the cause of New York firm’s malaise, reports John Malpas

New yorkUnited statesChris griffithsSeyfarth shawSteptoe johnsonJeff keitelmanHogan lovellsRobert bataProskauer roseKilpatrick townsendCarter ledyard milburnRoss weilRichard morvilloMorgan lewis bockiusNixon peabodyKimberly stockinger

The clearest sign yet that commercial real estate is in trouble

Foreclosures are surging in an opaque and risky corner of commercial real-estate finance, offering one of the starkest signs yet that turmoil in the property market is worsening.

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