Sentences with phrase «estate developer renting»
Many people receive an income from the assets they own, whether it's a real estate developer renting out buildings he owns or someone trading stock.
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This played out during budget negotiations when the Rent Stabilization Association, which represents the bread - and - butter apartment building owners, and REBNY, which is more closely associated with mega developers and the commercial real estate industry, failed to agree on a common agenda to push for.
Lawmakers hope to end their session next month after voting on whether to renew or modify New York City's rent regulations and a tax break given to developers of Manhattan real estate.
Yesterday, the Wall Street Journal reported State Assembly Speaker Sheldon Silver might refuse to extend a tax break benefiting real estate developers unless Republicans agree to strengthen rent control legislation.
Of all the issues that dominated legislative debate in last year's session, rent control and 421 - a tax abatements had the most potential to drive a spike in donations from one sector; the fact that contributions from the biggest real estate developers ebbed made it difficult for 2015 to compete with prior years.
Lawmakers also have to consider the renewal of rent regulations and a major tax break for real estate developers.
Dean Skelos promoted and voted for real estate legislation sought by the developer, including some pertaining to rent regulation and property tax abatements, the criminal complaint said.
Dean Skelos promoted and voted for real estate legislation sought by the developer, including some pertaining to rent regulation and property tax abatements, the complaint said.
Second, the current upstate Senators are bought and paid for by NYC interests — in particular the real estate developers who want to keep rents high in the city.
The last several weeks at the Capitol have been largely dominated by downstate issues like rent control and a real - estate tax abatement favored by developers.
Also protesting Cuomo's speech will be tenant groups, who are opposing his «failure to fight for stronger rent protections, his failure to release the funds he promised a year ago to build housing for homeless families, and his attempt to revive the wasteful 421 - a giveaway to his rich real estate developer friends.»
The program, sought by real estate developers, was previously timed to «sunset» on the same schedule as rent control laws in New York City.
Also linked to the debate over rent stabilization is a real estate tax break that saved New York City developers more than $ 1 billion last year.
«It's not a coincidence the biggest donors he has are real estate developers that are building luxury condos all across the state and it's driving up the rent for everybody,» he added.
Government filings also suggest there will be testimony on matters ranging from lobbying on big - ticket items like rent regulation and real estate tax abatements, to Silver's killing of a Manhattan drug treatment clinic and $ 10 million in campaign contributions from New Hyde Park - based Glenwood Management, one of the real estate developers he allegedly shook down.
New York City's rent regulations expire next week, along with a property tax break for real estate developers who agree to set aside some of their project for affordable housing, known as 421a.
In the other, Silver tilted real estate legislation on rent - control and tax breaks toward two major developers — one of them Glenwood Management of New Hyde Park — which took tax cases to a longtime Silver friend who secretly shared fees with the speaker.
In exchange for the payments to his son from the real estate firm and environmental firm, Dean Skelos introduced legislation to extend the controversial 421 - a program which provides tax abatements to developers and voted for legislation that allows landlords to increase rent on rent stabilized apartments.
Lawmakers hope they can wrap up a resolution on the rent laws, and a related property tax cap, as well as a tax break for real estate developers.
The real estate industry is desperate to renew a tax break known as 421 - a, which spurs new apartment building development, and Assembly Speaker Sheldon Silver says developers won't get that renewed unless they agree to change the rent laws.
The leader of the state Senate, John Flanagan, said he'd allow senators to go home for a few days, after they finish their business Thursday evening, even though there are no agreements with the Assembly or Cuomo on the New York City rent laws, a related tax break for real estate developers, and an education tax credit.
The Senate is the last word before Gov. Cuomo on some of the most important issues to the real estate industry, including the 421a developer tax exemption and New York City's rent stabilization laws.
Remaining units in new construction would rent at the real estate developer's discretion, also known as market - rate housing.
The committee plans to spend the remainder of its cash to help promote agenda items on which its members agree with the governor, and that will not include the rent laws, thanks to the participation of REBNY and big real estate developers.
DeFrancisco says in the next few weeks it will become clear whether Skelos can indeed be effective as leader, and the Senate negotiates with Gov. Andrew Cuomo, and the Assembly over renewal of New York City's rent control laws and a related property tax break for real estate developers,
Manhattan Assemblyman Keith Wright, chairman of the Housing Committee, declared last night that he would not consider renewal of the controversial 421a tax abatement for developers unless the real estate - friendly Republican State Senate agrees to strengthen rent laws.
Is it asking too much of Gay City News readers to hear out all the candidates for mayor and not just ra ra for Quinn who more than many represents the Bloomberg era with its pro developer real estate high rent bias, that left out the working class and poor in their calculations.
Leonard Litwin, a rental - property developer who began with his father's Depression - era plant nursery on Long Island, built a New York City residential real estate empire and paid millions to Republican and Democratic leaders to ensure tax breaks, government financing and favorable rent laws, died on Sunday at his home on Long Island, in Melville.
As commercial real estate becomes increasingly scarce, artists often lose their leases due to rent increases or as a result of developers seeking a more lucrative use for the space.
Like hotels offering rent - free space to top chefs and restaurateurs to tone up their brands, Chelsea real estate developers are tapping brand - name galleries to differentiate their projects.
More recently, scores of smaller galleries have been pushed out by rising rents and real estate developers eager to capitalize on the area just south of the Hudson Yards development and near the High Line, an elevated park built on a former railway line.
The Frick made a classic mistake; a proper New York real estate developer would have let this garden go to seed years ago and would have rented it for loud parties.
She acts for owners, occupiers, developers and funders of corporate real estate and specialises in most contentious aspects of real estate, including risk analysis and avoidance, development disputes, landlord and tenant disputes - including rent and service charge recovery, forfeiture and possession claims and contested lease renewals - title, right of way and right of light disputes, real estate related professional negligence claims, and real estate related insolvency and corporate recovery issues.
• Publisher and Editor for luxury home and garden magazines • Sales / Marketing Director for luxury publications, and Sales • Property Developer - 100 acres; luxury rural estates, managed every aspect • Property Renovations / Flipper / Manager - 28 homes / offices, selling or renting • Realtor - Specializing in luxury real estate marketing
Some of the contributing causes of the current housing crisis — lack of housing supply, government inaction, greed, foreign ownership, the fact that some of the biggest donors to political parties are real estate developers, loopholes in rent control, the arrival of Airbnb — have previously been documented in the media.
«Most apartment developers think that is worth five percent to 10 percent more in rent,» says David Webb, vice chairman, of debt and structured finance with the capital markets group of real estate services firm CBRE.
Prologis, the country's largest industrial developer, experienced rent growth of 19 percent last year, notes Adam Herrin, managing director with real estate capital intermediary HFF.
The Real Estate Board, which is dominated by Manhattan developers, concentrated on extending the 421 - a tax abatements, while the Rent Stabilization Association, which represents mostly landlords in the boroughs outside Manhattan, was focused on fending off attempts to eliminate regulations allowing landlords to deregulate apartments and escalate rents.
This includes rental managers, property owners, real estate agents, landlords, banks, developers, builders and individual homeowners who are selling or renting their property.
«As developers begin to provide entry - level homes for sale at reasonable prices, it will compete with homes for rent in suburban and secondary markets,» says Tawan Davis, CEO of Steinbridge Group, a privately - owned real estate investment firm based in New York City.
New York City's buildings regulator launched investigations at more than a dozen Kushner Cos. properties Wednesday following an Associated Press report that the real estate developer routinely filed false paperwork claiming it had zero rent - regulated...
«Rents were down to $ 150 a week for those fortunate to have it,» said David Sweetapple, a real estate agent and land developer in Miles.
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