In the year since Congress passed the Tax Cuts and Jobs Act of 2017, which included a tax incentive that allowed those who invested their capital gains in a project inside of a low-income census tract called an opportunity zone to defer some of their capital gains taxes, the South […]
Real Estate
What can NYC’s Amazon effort learn from the Olympic bid? Play the long game.
As the dust settles following the six-week dash to submit the city’s Amazon headquarters bid, attention is turning to what can be repurposed from the work — regardless of Amazon’s choice. The effort is reminiscent of another citywide sales job — the 2012 Olympic bid, which paved the way for […]
Real estate leader Ofer Cohen eyes Brooklyn’s next chapter
When he read the news one morning in early September, Ofer Cohen picked up the phone and called key players in Brooklyn real estate. Cohen, 46, the founder and president of TerraCRG, a Brooklyn-focused real estate advisory and brokerage firm, knew immediately that the borough could make a strong case […]
Donald Trump’s Small Business Plan and The Renewed Need For The SBJSA
The Trump administration’s platform emphasizes an effort to help small businesses, yet his tax plan could help large corporations and hurt the already struggling small businesses in New York City. There could be no more important time to push through the Small Business Jobs Survival Act (SBJSA). The SBJSA is […]
Protected: Airbnb Hosts Express Concerns Through Company-Sanctioned Clubs
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Protected: Startup Cleans Up Airbnb Rentals for Busy Hosts
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421-a Tax Abatement Only For Developments Paying Prevailing Wage For Construction Workers
Developers and construction unions say the new 421a tax abatement is necessary to build new apartments in New York City — but critics disagree. “It’s extraordinarily expensive and it’s taken an inefficient program and made it more inefficient — some more affordable housing units, but mostly it’s just subsidizing […]
Council committe passes jobs expansion bill for NYCHA residents
The New York City Council’s Public Housing Committee on Monday passed legislation seeking to expand the JobsPlus program to all public housing residents across the city, a pipeline officials say would boost employment opportunities and direct people to a stable career pathway. Councilmember Ritchie Torres, a Bronx Democrat who chairs […]
New Website is Attempting to Tip Scales Back in Renters’ Favor
Kathryn Kosmides said she wishes she’d had better tools to help her navigate moving last month. After landing a marketing position at a financial tech company, Kosmides, 23, moved 2,700 miles to New York City from Reno, Nevada. She used Craigslist and Podmapper to find an apartment, and worked with […]
Madison Square Garden relocation needed for Penn Station revamp, experts say
Transportation, architect, and infrastructure experts say the Penn Station revamp won’t happen unless Madison Square Garden relocates. But getting the Madison Square Garden Company to agree to moving to a nearby site could cost a hefty price. It was one of the hot topics at “The Future of Penn Station”, […]