August 24, 2015
Monday’s Adjudication Roundup
Building investors sue Waterbridge Capital LLC for $10 million for allegedly selling units and pocketing profits, refusing to pay back its investors. Hurricane Sandy $25 million contract-insurance suit is dismissed against one of the defendants, Arch Insurance Group and its … Continue reading
August 24, 2015 in New York City | Permalink | No Comments
August 14, 2015
Friday’s Government Reports Roundup
HUD releases report of its activities, for instance, to assess its efforts on homelessness, housing vouchers, energy efficiency in multifamily housing. The Government Accountability Office releases report, which finds that “qualified mortgage (QM) and qualified residential mortgage (QRM) regulations are … Continue reading
August 14, 2015 in New York City | Permalink | No Comments
July 31, 2015
Rapid Growth for Property Managers
Buildium.com quoted me in Can Rapid Growth Endanger Your Business? It reads, in part, For property managers, the prospect of rapid growth can be thrilling. You lease the units in your first building, fill vacancies quickly, add services that let you charge … Continue reading
July 31, 2015 in New York City | Permalink | No Comments
July 21, 2015
Showdown at the Dakota
Jeremy Cohen, a partner with Wolf Haldenstein Adler Freeman & Herz, and I discussed a lawsuit brought by a New York City co-op owner who says he’s been unable to move into his apartment at the famed Dakota coop for … Continue reading
July 21, 2015 in New York City | Permalink | No Comments
July 10, 2015
The Challenge of Rising Rents
NYU’s Furman Center has issued a research brief, The Challenge of Rising Rents: Exploring Whether a New Tax Benefit Could Help Keep Unsubsidized Rental Units Affordable. The brief considers whether the creation of “a new property tax subsidy program aimed at … Continue reading
July 10, 2015 in New York City | Permalink | No Comments
July 8, 2015
The Dense State of NYC’s Housing
NYU’s Furman Center released its State of New York City’s Housing and Neighborhoods in 2014. I found its discussion of urban density to be the most notable aspect of this nexcellent and data-rich annual report. The discussion on density concludes, … Continue reading
July 8, 2015 in New York City | Permalink | No Comments
June 29, 2015
Monday’s Adjudication Roundup
Massachusetts’s federal court found that a unit of Deutsche Bank AG failed to vet some residential mortgage-backed securities, which mislead Massachusetts Mutual Life Insurance Co. US Bank filed an amended complaint claiming that Citigroup Global Markets Realty Corp. and CitiMortgage … Continue reading
June 29, 2015 in New York City | Permalink | No Comments
