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De Blasio talks up commercial rent control in Upper Manhattan

Mayor Bill de Blasio says the city's giving small businesses a break—in Upper Manhattan at least. The mayor extolled the benefits of an overlooked aspect of the controversial rezoning of... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkAug 10th, 2018

De Blasio talks up commercial rent control in Manhattan

Mayor Bill de Blasio says the city's giving small businesses a break—in Upper Manhattan at least. The mayor extolled the benefits of an overlooked aspect of the controversial rezoning of... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkAug 11th, 2018

Commercial rent control bill to get October hearing

A hearing on a hotly-debated piece of legislation could determine who is really in control of city policy—Mayor Bill de Blasio or Council Speaker Corey Johnson. The City Council confirmed to Crain's... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 17th, 2018

A better answer than commercial rent control

We’ve all seen it, from Flushing to Crown Heights and even to Manhattan’s Upper East Side: the vacant storefront. Streets that were once populated by small businesses serving their unique... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 10th, 2018

Commercial rent-control bill threatens 100,000 households

The City Council is considering a bill, innocuously titled the Small Business Jobs Survival Act, that would effectively prevent co-operative apartment buildings from managing the commercial spaces... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 25th, 2018

Major Manhattan rezoning set to pass council

The battle of uptown wound down this afternoon. The City Council prepared to vote through Mayor Bill de Blasio's controversial plan to rezone much of the upper Manhattan neighborhood of Inwood to... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkAug 8th, 2018

Bar association says city lacks authority to establish commercial rent control

The city lacks the legal authority to establish commercial rent control, according to a report released Tuesday by the New York City Bar Association, so a pending bill to give retail tenants power... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 12th, 2018

Pols ponder commercial rent control, aka survival of the weakest

Imagine if well-meaning animal lovers became upset at the cycle of life and death on the African plains and persuaded governments there to put an end to it. Various human interventions would protect... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 20th, 2018

Commercial rent control"s fundamental flaws

In the late 1980s Ruth Messinger, who was then on the New York City Council, was pushing a proposal to impose rent controls on commercial space to save small businesses from being pushed out by... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 20th, 2018

NYC"s long-running flirtation with commercial rent control

Debated for decades, commercial rent control is all the rage these days as a potential policy response to the proliferation of retail vacancies and chain stores. The City Council is set to convene a... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 16th, 2018

Questions for the council as it considers commercial rent control

On Monday the City Council will hold a hearing on a bill to impose commercial rent control in the city by requiring binding arbitration in rent disputes in an effort to help small retailers. Before... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 19th, 2018

Union comes out against commercial-rent-control bill

A large service workers union plans to testify against the City Council's commercial-rent-control bill next week. The legislation would give commercial tenants the right to a lease renewal, and, if a... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 19th, 2018

Building Congress bashes commercial rent control bill ahead of hearing

The New York Building Congress has entered the scrum over a City Council.....»»

Category: realestateSource: realestateweeklyOct 22nd, 2018

Biz group to council: Not another step on commercial rent control

Ahead of today's City Council hearing on the Small Business Jobs Survival Act—better known as commercial rent control—the New York Building Congress has asked Speaker Corey Johnson to examine the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 22nd, 2018

Council speaker admits commercial-rent-control bill is flawed

At a five-hour hearing Monday, City Council Speaker Corey Johnson struggled with a controversial bill that would protect retail and office tenants from rent increases.Johnson described the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 23rd, 2018

Biz groups to council: Not another step on commercial rent control

Ahead of today's City Council hearing on the Small Business Jobs Survival Act—better known as commercial rent control—the New York Building Congress has asked Speaker Corey Johnson to examine the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 23rd, 2018

BANKS: Making Our Voices Heard for the Betterment of New York City

Last week, I had the great privilege of standing with more than 100 REBNY members who attended a public hearing on commercial rent control legislation.  I want to sincerely than.....»»

Category: realestateSource: realestateweeklyOct 30th, 2018

REBNY takes shot at commercial rent control in retail report

The Real Estate Board of New York continued to attack a potential proposal in the City Council to institute protections for retail stores that critics say would create a form of commercial rent... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 23rd, 2018

Councilman seeks to chip away at commercial rent tax

More Manhattan businesses would be exempt from the commercial rent tax under a new City Council bill that aims to ease the financial burden on mom-and-pop shops. The commercial rent tax is a roughly... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 26th, 2019

Market Analysis: Breaking Down Manhattan’s Asking Rents

Yes, its true. The Manhattan office market’s average asking rent has had a full recovery since the end of the Great Recession. Since the third quarter of 2010 – when Manhattan asking rents reached a... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 17th, 2019

Lenders may face slump on rent control changes, analysts say

Banks exposed to New York City lending were rare decliners in Thursday trading, extending Wednesday’s losses as analysts dug into worries that Democrats eyeing set to expire next month pose a risk... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 17th, 2019