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S.F. ordinance will waive $21.3 million in rent, fees for SFO concession tenants

Dozens of restaurants and concession tenants at San Francisco International Airport gained some breathing room Friday after Mayor London Breed signed an ordinance authorizing SFO to provide up to $21.3 million in rent and fee relief. The ordinan.....»»

Category: topSource: bizjournalsJan 22nd, 2021

Crossgates suing food court tenants for $250K in unpaid rent, fees

The owner of Crossgates was already suing big names such as The Gap for unpaid rent. Now Pyramid Management Group is targeting food court tenants at the largest mall in the Albany region......»»

Category: topSource: bizjournalsFeb 25th, 2021

Most tenants still paying their rent, says NMHC

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 87.7 percent of apartment households made a full or partial rent payment by May 13 in its survey of 11.4 million units of professionally managed apartment uni.....»»

Category: realestateSource: realestateweeklyMay 15th, 2020

Court orders rent stabilized building owner to spend $8M on repairs

A Chelsea property owner has been ordered to pay upto $8 million to renovate his three rent stabilized buildings so the tenants can move back in. A housing court judge this week ordered Amazon Realty Group and its principals Clara Sokol and Abra.....»»

Category: realestateSource: realestateweeklyMay 8th, 2020

Tenants in the US are planning the largest rent strike in decades as the coronavirus cuts off more than 30 million people from their incomes

Julie Jammot/AFP via Getty Images Housing organizers and tenants across.....»»

Category: topSource: businessinsiderApr 30th, 2020

75 percent of office tenants looking for rent concession

City brokers say owners need to offer “significant concessions” to keep tenants from reneging on their office leases. “I don’t believe people will all be back to work full-force in three months,” said Micha.....»»

Category: realestateSource: realestateweeklyApr 14th, 2020

Could D.C. landlords waive rent to account for the coronavirus fallout? Some say yes, but only briefly.

Commercial and multifamily property owners say they likely need government support to help tenants......»»

Category: topSource: bizjournalsMar 24th, 2020

Tenants hit "worst landlord" with $2M suit for rent overcharges

A group of rent-stabilized tenants in Crown Heights hit one of the city's ‘worst landlords’ with a $2 million suit, claiming they were overcharged rent for almost two decades. Twenty-two tenants at... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 12th, 2020

Staten Island"s $650M Empire Outlets buoyed by tourists and locals

The Rent Guidelines Board has voted to hike rents for more than one million tenants in The Board's 5-4 Tuesday approved a 1.5% increase on one-year leases and a 2.5% hike on two-year leases. The... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJul 2nd, 2019

Cuomo counsel quits to lead Human Rights Campaign

The Rent Guidelines Board has voted to hike rents for more than one million tenants in The Board's 5-4 Tuesday approved a 1.5% increase on one-year leases and a 2.5% hike on two-year leases. The... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJul 2nd, 2019

WorldPride expected to be one of largest LGBTQ gatherings in the world

The Rent Guidelines Board has voted to hike rents for more than one million tenants in The Board's 5-4 Tuesday approved a 1.5% increase on one-year leases and a 2.5% hike on two-year leases. The... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJul 2nd, 2019

Rent Guidelines Board approves rent hikes on stabilized apartments

The Rent Guidelines Board has voted to hike rents for more than one million tenants in The Board's 5-4 Tuesday approved a 1.5% increase on one-year leases and a 2.5% hike on two-year leases. The... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJul 2nd, 2019

Landlord to pay $3M in tenant-harassment settlement

A controversial landlord and developer accused of repeatedly using fraud, harassment and other illegal conduct to push out rent-stabilized tenants will have to pay $3 million in damages and penalties... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 24th, 2019

How new rent laws in N.Y. help all tenants

The rules affect evictions, security deposits, application fees and more, and could have an impact on policies in other states......»»

Category: topSource: bizjournalsJun 23rd, 2019

Deal on NYC tenant protections will be signed, governor says

Gov. Andrew Cuomo said Wednesday that he will sign a deal negotiated by legislative leaders that would strengthen rent stabilization rules covering more than a million tenants in and around New York City......»»

Category: topSource: foxnewsJun 12th, 2019

Smith Tower wins $1.4 million lawsuit after startup leaves lease early

The new owner of a Seattle startup says it's not liable for nearly $1.4 million of rent and fees owed to the Smith Tower......»»

Category: topSource: bizjournalsMay 25th, 2018

City to waive millions in taxi medallion fees

The city is waiving nearly $20 million in taxi medallion fees due this week, including renewal and inspection fees, in the wake of driver suicides connected to the industry downturn and resulting... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 29th, 2018

Portland startup Cozy sells to CoStar

Rental management software maker Cozy Co. sold to Washington D.C.-based CoStar Group Inc. for $68 million. The Portland-based startup makes software used by landlords and tenants for property listings, rent estimates, tenant screening and rental .....»»

Category: topSource: bizjournalsNov 8th, 2018

RSA says it won’t evict tenants whose rent isn’t paid during government shutdown

The landlords of one million New York City apartments will give their tenants a pass when they don’t pay rent this week. In an unprecedented move, the Rent Stabilization Association, the city’s largest organization of private-sector landlords, has dir.....»»

Category: realestateSource: realestateweeklyJan 16th, 2019

Sondland sues Pompeo, U.S. for $1.8 million in legal fees: report

Gordon Sondland, former President Donald Trump's former ambassador to the European Union, filed a lawsuit on Monday against former Secretary of State Mike Pompeo and the U.S. government seeking $1.8 million.....»»

Category: topSource: marketwatchMay 24th, 2021

Southridge Mall base rents went from $7.5 million to $43,000 because of Covid-19 deferrals

The Covid-19 pandemic resulted in Southridge Mall making agreements for rent deferrals with retailers that could cut the amount they’d collect this year from the usual $7.5 million to as little as $43,047......»»

Category: topSource: bizjournalsMay 23rd, 2021