Items Tagged with 'New York City'

ARTICLES

  • New York City escalates fight against Airbnb, demands listing information

    Issues subpoena for approximately 20,000 apartment listings
    New York City is upping the ante in its fight against Airbnb, as the two sides battle it out in court and in the court of public opinion. On Monday, New York City Mayor Bill de Blasio announced that the city is issuing a subpoena to Airbnb, demanding that the short-term rental site turn over the listing data that’s at the center of a legal battle between the two sides.
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  • Federal authorities order sweeping overhaul of failing New York public housing

    NYCHA required to "fundamentally reform" its operations
    Federal authorities this week took a major step toward reforming and rehabilitating New York City's unsafe, unsanitary, and in some cases, illegal public housing. HUD, the Manhattan U.S. Attorney, and the EPA are taking more control of the NYCHA in an effort to remedy numerous problems, including lead paint, mold, pest infestations, broken heaters in the winter, and non-functioning elevators in New York's public housing.
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  • New York landlord accused of running sham co-ops, overcharging renters for decades

    Units will be turned into rent-stabilized apartments
    Two New York City co-op corporations overcharged renters for decades by operating apartment buildings as for-profit rental buildings instead of as co-ops. According to the New York Attorney General, the buildings rented out the apartments at market rate, thereby denying residents the homeownership opportunities that come with a co-op and overcharging them for their apartments.
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  • New York claims real estate brokers made $21 million through illegal Airbnb rentals

    Sues Metropolitan Property Group for allegedly violating short-term rental laws
    A group of New York City real estate brokers made $21 million through a series of illegal Airbnb short-term rentals in flagrant violation of the city’s short-term rental laws, the city claims in a new lawsuit. According to the city, Metropolitan Property Group, its owners, and others were repeatedly warned to stop violating the city’s short-term rental laws, but chose to continue to do so, earning more than $21 million in illegal revenue from Airbnb.
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  • Judge sides with Airbnb, HomeAway; blocks NYC law requiring sites to disclose user data

    Law will not take effect during court battle
    A federal judge on Thursday sided with Airbnb and HomeAway and blocked a New York City law that requires the short-term rental platforms to disclose a significant amount of user data. The preliminary ruling comes in a lawsuit filed against New York City by Airbnb over a new law that requires short-term rental sites to reveal hosts’ data.
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  • Monday Morning Cup of Coffee: Senate set to vote on Trump’s CFPB nominee

    Plus Amazon HQ2 killing affordable housing? And thoughts on "Monopoly for Millennials"
    Last week, the biggest groups in housing called on the Senate to bring Kathy Kraninger's nomination to run the CFPB to a vote. And it looks like they're about to get their wish. Plus, did Amazon's HQ2 move kill more than 1,000 units of affordable housing? And, Monopoly for Millennials. Yes, it's real. And it's spectacular.
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  • New York opens investigation into Trump real estate tax fraud allegations

    State officials respond to bombshell New York Times report
    New York state officials are investigating whether President Donald Trump, his father, and his family committed tax fraud in a series of complex real estate dealings designed to avoid federal tax laws, which supposedly built the president’s fortune, multiple outlets report. The investigation comes in the wake of a sprawling New York Times investigation into the Trump family and how the president made his money.
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  • Hard money lender Delancey Street bringing commercial bridge loans to NYC

    Company uses AI in decision-making process
    Delancey Street, a hard money lender based in New York City, is expanding and will begin offering commercial bridge loans in the city's five boroughs. And the company, which also has a lending presence in Los Angeles, said that it may soon begin offering commercial bridge loans in L.A. as well.
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