Albanese Org mulling condo conversion of rent-stabilized 20 River Terrace

The Albanese Organization is considering converting a 293-unit rent-stabilized residential building in Battery Park City into condominiums. The developer filed a “test the market” application with the the New York State Attorney General’s office earlier this month, allowing it to engage in basic marketing activities before deciding it wants to go through will a full[…]

Why Redfin is hungry for acquisitions

Online-centric brokerage Redfin is seeking to raise up to $239 million, deploying the funds on acquisitions and technology. “Redfin may choose to use a portion of the net proceeds to invest in or acquire third-party businesses, products, services, technologies or other assets,” the company said in a statement Monday. The brokerage noted that it has[…]

Eric Adams wants city to monitor bad landlords in same manner as criminals

Brooklyn borough president Eric Adams wants to start monitoring landlords in the same manner that the city tracks criminals. Adams proposed creating a database modeled after the New York City Police Department’s crime-mapping Compstat system to monitor landlords of below-market housing. Adams told Crain’s that the system would include a dashboard overlaid on a map[…]

WATCH: Where Elon Musk’s hi-speed Hyperloop could go in NYC — if it ever gets built

 For most, the idea of traffic-less, headache-free travel is nothing but a pipe dream. For Elon Musk, it could be the future of mass transit. Last summer, the tech mogul tweeted that he received “verbal govt approval” for his fabeled Hyperloop, a high-speed transportation system that would send passengers sailing through low-pressure tubes at[…]

Kushner Companies v. Everyone

City Council member Brad Lander sat for an interview on public radio last November and ended Kushner Companies’ hopes of building a major mixed-use development in Gowanus, Brooklyn. The firm, and its partners SL Green Realty and LIVWRK, had bought the 140,000-square-foot site for more than $70 million in 2014. But the success of the[…]