News

For the third time, a court has rejected a request by the Real Estate Board of New York to block the city from implementing the Fairness in Apartment Rental Expenses Act that bars apartment brokers from charging fees to tenants who did not hire them.In a brief ruling on Wednesday that included no explanation, a […]

In seven years New Yorkers will get three new Q line stations along Second Avenue in Harlem. That’s, of course, if things go according to the Metropolitan Transportation Authority’s plans.That was decidedly not the case for the first phase of the project: nearly two miles of track with three new stations on the Upper East […]

Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs.In their post-meeting statement, policymakers pointed to growing signs of weakness in the labor market to justify their first rate cut since […]

A controversial Crown Heights development site that was at the center of a years-long rezoning battle has traded hands for more than $50 million, according to the brokers involved in the transaction.The seller of the property, Continuum Co., acquired it in 2017 for $33 million, records show. It has now sold the lot for $54.3 […]