Mamdani’s inaugural “rental ripoff” hearing: more conference than brawl

February 26, 2026 / no comments

When Mayor Zohran Mamdani announced his “Rental Ripoff” hearings, he appeared to be advertising a showdown.  A poster marketed the event like a boxing match: “New Yorkers vs. Bad Landlords.”  But the inaugural event in Downtown Brooklyn on Thursday night was much more subdued than the real estate industry likely expected, or feared. The event, held at George Westinghouse Career and Technical Education High School, bore more similarities to a parent-teacher conference night than a show trial. New Yorkers circulated through a resource fair in a school cafeteria and met one-on-one with city officials in a side room.  A City […]

This article originally appeared on The Real Deal. Click here to read the full story.

Genting lands January’s top loan for Aqueduct racino expansion

February 26, 2026 / no comments

For real estate players seeking financing, dealmaking showed no signs of freezing in January. Lenders doled out dollars in a flurry of big-ticket deals across New York City, led by Genting’s $755 million Queens casino construction loan and SL Green’s $480 million Plaza District office acquisition loan. Hospitality, retail and even a distressed office property also found financing. Banks wrote the biggest checks for the city’s top deals, which spanned several neighborhoods in Manhattan and Queens. All told, lenders parted ways with almost $2.2 billion. Here are more details. Casino cash | $755M | Jamaica, Queens Wells Fargo provided a […]

This article originally appeared on The Real Deal. Click here to read the full story.

2Life CEO To Retire, Leaving Behind A Legacy Of Senior Housing Advocacy

February 26, 2026 / no comments

Throughout her career in real estate, Amy Schectman has been drawn to work where she can solve problems.
At 2Life Communities, an affordable senior housing nonprofit, Schectman set out to make senior housing and community a priority, not just for wealthy individuals but for everyday people. What she thought would be a couple of years of hard work turned into a vocation that stretched for more than a decade and a half.
Schectman announced her retirement as CEO of 2Life Communities last month, with her tenure ending in October.

Just 10% of NYC multifamily buildings claim 80% of evictions: REBNY

February 26, 2026 / no comments

Mayor Zohran Mamdani’s “Rental Ripoff” hearings will begin this week, promising tenants an opportunity to complain about their landlords — directly to city officials.  But a new analysis from the Real Estate Board of New York suggests that the most acrimonious living situations are in highly concentrated clusters. Just 10 percent of multifamily buildings in the city are responsible for 80 percent of the executed evictions in the last two years, according to the analysis. A similar fraction is responsible for roughly half of the housing code violations in that time period.  The analysis adds data to an ongoing conversation about […]

This article originally appeared on The Real Deal. Click here to read the full story.