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ARCHIVED BLOG POSTS
2020
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Only transit, hospital and affordable housing will continue New York Gov. Andrew Cuomo After facing pressure from city officials and workers, the state is shutting down all construction except work on infrastructure, healthcare facilities and affordable housing. The Empire State Development Corp...
03/28/2020
Listings pulled by the hundreds and new ones drop 79% in brutal week About 450 sellers pulled their listings last week Nearly 450 homes were pulled off the market, new listings plummeted and contract signings sank in New York City last week as the coronavirus pandemic worsened. Data firm Urban D...
03/26/2020
Work at Moynihan and part of LaGuardia Airport temporarily stopped Skanska temporarily halted construction at LaGuardia Airport’s Terminal B and Moynihan Train Hall due to workers with Covid-19 Construction has been temporarily halted at two major infrastructure projects, including part of the mu...
03/25/2020
Governor ends industry debate about whether the practice should continue After a week of debate about whether brokers should continue showing homes, Gov. Andrew Cuomo barred the practice. The governor’s action Friday — part of a sweeping ban on activities that risk spreading the coronavirus — ...
03/23/2020
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With debt to repay and rent rolls at risk, multifamily owners look to government Landlords are scrubbing down their apartment buildings, but no amount of Clorox is going to help when the rent checks stop. In a series of interviews, owners of multifamily portfolios said they have responded to the ...
03/20/2020
Governor Andrew Cuomo Amid the coronavirus pandemic, New York officials have suspended eviction proceedings indefinitely. In a memo, New York’s Chief Administrative Judge Lawrence Malks said that starting Tuesday, eviction proceedings and pending eviction orders will be suspended statewide, unt...
03/19/2020
The temporary restraining order issued last month will remain in place until summerNew York Attorney General Letitia James and REBNY president James Whelan The uncertain future of broker fee payments will be prolonged until at least June. On Friday, the office of New York Attorney General Letit...
03/09/2020
Rainmaker
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Jeffrey Ditri
New York City Residential Rental Specialist