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New York's Fifth Avenue is lined with flagship stores of high-end brands such as Cartier, Bergdorf Goodman, Gucci, and other well-known luxury brands that cater to the city's elite...
Housing and zoning initiatives get a boost, and the real estate industry secures a key concession.
In the short term, the Windy City could see a sharp uptick in deals if the real estate transfer tax passes as key players race to get transactions done.
“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.
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.