When Gov. Kathy Hochul stood on a stage a year ago, praising the real estate industry and musing that any elected official absent from the Real Estate Board of New York’s annual gala was “missing a damn good party,” then-mayoral hopeful Zohran Mamdani was on the street outside the event. The protestors with whom he gathered held signs that read “Rent Freeze” and “REBNY Raised My Rent.” A lot has happened since that party. Mamdani now acknowledges that his view of the private sector’s role in the housing market has shifted, making his case to the city’s business community in […]

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