News
Crain’s New York Business
- Court of Appeals puts an end to bid to overturn Local Law 97A panel of state Court of Appeals judges on Thursday dismissed a lawsuit that sought to overturn Local Law 97, ending a longshot, more-than-three-year court battle against a city law that requires landlords to slash carbon emissions from their buildings.The statue was signed into law in 2019 and took effect at the start of 2024. […]
- Cuomo tells co-op leaders he’d be open to Local Law 97 changes as mayorMayoral race front-runner Andrew Cuomo told a coalition of co-op board presidents in a private meeting Wednesday that, if elected, he’s open to modifying New York City’s landmark climate law that restricts building carbon emissions to go easier on co-op buildings that are struggling to pay for building retrofits to comply with the law, according […]
- Midtown multifamily developer files for bankruptcy protection on about 5,000 unitsA Midtown-based real estate firm specializing in multifamily properties has filed for Chapter 11 bankruptcy protection on nearly 5,000 of its residential units across the city, records show.Joel Wiener, CEO of Pinnacle Group, filed the action in U.S. Bankruptcy Court for the Southern District of New York Wednesday under the entity Broadway Realty I Co. […]
- In-progress Williamsburg multifamily project hit with foreclosure suitA lender that’s been aggressively moving to foreclose on big-name developers across the city appears to have a new target: Williamsburg builder Cheskie Weisz.Maverick Real Estate Partners claims in a new lawsuit that Weisz and his partners have been in default since March on a $5 million mortgage backed by a multifamily project at 680 […]
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