Related making moves at Hudson Yards

June 15, 2025 / no comments

It’s been a busy week for Related Companies, too. On Wednesday, the City Council voted to approve changes to a 2009 rezoning of the Western Rail Yards, allowing for a development that could include up to 4,000 housing units, an office building, a hotel and a 6.6-acre public park.  Related has indicated the housing units […]

This article originally appeared on The Real Deal. Click here to read the full story.

New York bans rent-setting software

June 14, 2025 / no comments

Property owners may no longer be able to use certain software to set apartment rents.  The state legislature this week approved a bill that would bar owners from basing rents and leasing terms on recommendations from a “software, data analytics service or algorithmic device” that coordinates pricing for or between residential property owners. It also […]

This article originally appeared on The Real Deal. Click here to read the full story.

How far does NYC’s FARE Act go?

June 14, 2025 / no comments

As the FARE Act took effect earlier this week, New York City’s rental market scrambled to adjust to the new law: listings disappeared from Streeteasy, landlords upped the prices on those still online and agents jumped to social media to express their discontent with the shifting landscape.  But brokers dealing in ultra-luxury rentals say they’re […]

This article originally appeared on The Real Deal. Click here to read the full story.