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“Manhattan leasing data shows dip in fourth quarter of 2022” There is good news, of a sort, for nervous Manhattan office landlords: Leasing for 2022 totaled 23.21 million square feet, up 14% over the year before, according to CBRE. But how couldn’t it be, given the pandemic freeze of 2021? The bad news: most fourth-quarter data stunk….
“NYC tenants, landlords and Housing Court don’t need another layer of bureaucracy” Do state lawmakers intentionally make life worse for landlords and tenants — or are they simply unaware of the damage they cause them? Those are the only possible explanations for screwed-up legislation they passed this year, known as S4594B. The bill gives tenants…
“Racist response to my City Council testimony is exactly why Asian Americans are waking up to politics” I testified Thursday against the City Council Fair Chance for Housing Act, my second time in Council Chambers. The first was in May 2019 when I spoke personally and passionately about protecting New York City’s specialized high schools….
“Letters to the Editor — Dec. 12, 2022” The Issue: A member of non-profit VOCAL-NY, who made anti-Asian remarks at a City Council hearing. Let’s just review how incompetent our elected officials are: Councilman Keith Powers is attempting to push through an incredibly dangerous law, barring landlords from doing criminal background checks on prospective tenants…
“Mayor Eric Adams faces fine for rats at his Brooklyn property” Rodents strike back. Mayor Eric Adams’ war on rats took an ironic turn Tuesday when it was revealed that Hizzoner is facing a $300 fine for an infestation of the rodents at his Brooklyn property. News of the rat summons came after Adams last…
“Letters to the Editor — Nov. 30, 2022” The Issue: Reports that conviction rates have dropped significantly under Manhattan DA Alvin Bragg. District Attorneys Alvin Bragg, Larry Krasner and George Gascón are all known for gaslighting the public they were elected to protect [“The (Ugly) Bragg Difference,” Editorial, Nov. 28]. They deny crime has risen….
“NYC landlords could soon be denied criminal background checks for tenants” A controversial bill prohibiting Big Apple landlords from performing criminal background checks on prospective tenants – even those convicted of murder and other heinous crimes – is on a fast track to becoming law. At least 30 of the City Council’s 51 members have…
“Real estate insiders take swipe at Back-to-Work Barometer” The widely cited Kastle Systems Back-to-Work Barometer, which claims to tally how many employees have returned to offices, misses hundreds of skyscrapers with the highest attendance — and the result is a whopping undercount, real estate insiders say. Kastle counts entry swipes only at office buildings that pay…
“Back-to-work barometer falls short of measuring up to reality as offices fill up” There’s good news for Manhattan office landlords: Physical building occupancy rose to 46.6% for the seven-day period ending Sept. 14, according to the much-followed Kastle Systems Back-to-Work Barometer. The post-Labor Day jump was a huge increase over Kastle’s tally of 38% from…
“The shortage of judges in NY’s Housing Court is causing massive pain for both tenants and landlords” When Gov. Kathy Hochul two weeks ago signed a bill expanding the number of judges in certain judicial districts and Family Court, one branch of the judiciary inexplicably wasn’t included: Housing Court. That oversight is tragic, because Housing…