Got gas? All electric? Either way, this law makes you pay

January 2, 2026 / no comments

One benefit of being a reporter is having access to the press offices at otherwise impenetrable government agencies. You might wonder, “Shouldn’t I as a building owner have at least as much access as the media does?” In a perfect world, yes, but — reality check — you don’t. There is some logic to this. The press office can share information with a reporter who in turn shares it with thousands of customers, as I am about to do on a law affecting multifamily buildings. The Department of Buildings has one of the most responsive press offices in city government. […]

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

Adams ends mayoralty with final screw-up

January 1, 2026 / no comments

It’s fitting that Mayor Eric Adams is going out with a fiasco — one final harebrained scheme that blows up in his face. His top aide, Deputy Mayor Randy Mastro, was supposed to prevent foolishness like the Elizabeth Street Garden drama that marred Adams’ last day in office. Instead Mastro orchestrated it. Remember when the City Council refused to confirm Mastro as corporation counsel because he was too conservative? Adams’ argument was that he was competent. Guess not! Two days ago Adams and Mastro publicly announced that Pennrose would be designated as the developer of a city project at 22 […]

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

Zohran Mamdani is mayor. Here’s what real estate is watching

January 1, 2026 / no comments

For months, real estate professionals have speculated about what Mayor Zohran Mamdani will mean for the industry. Now, these conversations aren’t hypothetical.  Mamdani was sworn in as the new mayor of New York City during a midnight ceremony Thursday by state Attorney General Letitia James. A separate public swearing-in ceremony will be held on the steps of City Hall on Thursday afternoon. Sen. Bernie Sanders will deliver the oath of office at that event.  Top of mind for owners of rent-stabilized housing is Mamdani’s campaign promise to freeze rents for regulated tenants for four years. The city’s Rent Guidelines Board […]

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