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#bankruptcy-sale
fromFortune
3 weeks ago
New York City

NYC fights sale of bankrupt rentals after Mamdani blasts living conditions | Fortune

fromFortune
3 weeks ago
New York City

NYC fights sale of bankrupt rentals after Mamdani blasts living conditions | Fortune

more#bankruptcy-sale
fromwww.housingwire.com
2 weeks ago

Mamdani notches a loss in opening gambit to take on NYC landlords

On Friday, Summit Properties USA became the winning bidder for more than 5,000 rent-regulated units owned by bankrupt Pinnacle Development Group. The sale went through despite Mamdani's push to delay the auction of units, which were plagued by unresolved maintenance issues and a flood of tenant complaints. Mamdani's setback shows how even a mayor determined to capitalize on an affordability mandate can struggle once cases move into federal court.
US politics
New York City
fromCity Limits
2 weeks ago

Judge Blocks Mamdani Admin's Intervention in Pinnacle Sale, and What Else Happened in Housing This Week

A federal judge denied the city's request to delay the auction of 5,000 rent-stabilized apartments, leaving a $451 million bid from Summit Properties favored.
New York City
fromCity Limits
1 month ago

Opinion: On Affordable Housing, Mamdani Must Pair Speed With Stability

Streamlining approvals must be paired with increased HPD capacity and operational cost controls to protect rent-stabilized housing while accelerating affordable production.
New York City
fromCity Limits
2 months ago

Pinnacle Tenants Demand City Intervene to Save Their Homes, And What Else Happened This Week in Housing

Tenants demand city-managed transfer or tenant-controlled ownership for 93 neglected, rent-stabilized Pinnacle buildings facing bankruptcy auction.
fromCity Limits
2 months ago

'Ready to Freeze the Rent': Housing Groups React to Mamdani's Mayoral Win

"Eric Adams raised my rent," it read. "Zohran will freeze it."
New York City
Real estate
fromtherealdeal.com
3 months ago

Squatter be gone: Fashion model's unauthorized subletter finally evicted

New York City's eviction system is so slow that occupants without leases can remain rent-free for years, repeatedly delaying removal and frustrating landlords.
New York City
fromCity Limits
3 months ago

Tenants Protest Final Rent Hike Under Eric Adams, and What Else Happened this Week in Housing

Rent-stabilized rents increased up to 3% (one-year) and 4.5% (two-year); tenants and Zohran Mamdani protest and vow a four-year freeze if elected.
Los Angeles
fromLos Angeles Times
4 months ago

L.A. cracks down on Hollywood party houses and illegal short-term rentals. Violators to pay hefty fines

Los Angeles settled lawsuits against illegal short-term rental and party house operators in Hollywood, imposing fines and penalties on property owners for nuisance and regulatory violations.
NYC politics
fromFox News
5 months ago

Criticism over socialist NYC candidate Mamdani's rent-stabilized apartment mounts after ethics complaint

Criticism of Zohran Mamdani arises from his $2,300 rent-stabilized apartment as a state assemblyperson with an income close to $150,000.
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