Real Estate

The First Domino Falls New York State has made history, becoming the first jurisdiction in the nation to pause large-scale data center development. Governor Kathy Hochul's executive order establishes a one-year moratorium on facilities consuming 50 megawatts or more—enough electricity to power roughly 50,000 homes continuously. This isn't merely a regulatory speed bump; it represents a fundamental...

The Law That Would Have Made History New York State was poised to become the first in the nation to mandate all-electric new construction, a landmark achievement in the fight against climate change. The All-Electric Buildings Act, signed into law in 2023 as part of the state budget, represented the most ambitious building electrification policy ever attempted at the state level . Its core...

A 42-Block Vision That Could Reshape the Heart of New York City Manhattan's Garment District and surrounding neighborhoods south of Times Square are poised for a dramatic transformation after the New York City Council approved what officials are calling the largest residential neighborhood rezoning plan in two decades. The Midtown South Mixed-Use Plan will rezone approximately 42 blocks between 23rd...

A Landmark Vote for Long Island City’s Future Two City Council committees voted in favor of the OneLIC plan to revamp local zoning in a 54-block Queens area that would add about 14,700 new apartments, including as many as 4,350 permanently affordable units . The plan, which New York Mayor Eric Adams called the city's largest neighborhood-specific rezoning in at least a quarter century, now heads...

Progressive Promises Meet the Reality of Urban Governance Zohran Mamdani, the democratic socialist who won the Democratic primary in an upset last June, is the clear front-runner to become the next mayor of New York City. His agenda—including rent controls, increased corporate taxes, and more government involvement in housing development—has created what a number of real estate investors and...

Experts and Developers Weigh In on Housing Ambitions Versus Practical Policy As Washington, D.C., voters prepare for the June 16 primary election to select a new mayor, real estate stakeholders are sending a clear message: it isn't about how many houses and apartments the candidates are pledging to build—it's about policy . Developers, building owners, agents, and experts contend that the...

Understanding the Policy Decision and Its Far-Reaching Implications In a landmark decision that delivers on a central campaign promise, the New York City Rent Guidelines Board voted 7-1 on June 25, 2026, to freeze rents on both one-year and two-year leases for approximately one million rent-stabilized apartments across the five boroughs. The freeze takes effect October 1, 2026, and extends through...