
Erik Engquist
Senior Managing Editor at The Real Deal
Columnist and former senior managing editor at The Real Deal. Reporter and editor at Crain's New York Business, 2005-19. Journalist since 1991.
Articles
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2 weeks ago |
therealdeal.com | Erik Engquist
If you haven’t read all of the mayoral candidates’ housing plans, you’re off the hook: Here is a cheat sheet for this month’s Democratic primary. With just a few minutes’ investment, you will learn which candidates’ proposals rock and which suck — or are woefully incomplete. If nothing else, you will emerge with an ability to tell Zohran Mamdani’s door-knockers just how divorced from reality his campaign is. But be warned: If you think Andrew Cuomo is all-in on housing, you will be disillusioned.
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3 weeks ago |
therealdeal.com | Erik Engquist
If a real estate problem pops up, it’s often possible to get legislation introduced to address it. There’s no limit to the number of bills a City Council member can introduce, and staffers in the bill-drafting unit will do the work of writing them — as will lobbyists and industry groups. Even if a measure has little chance of becoming law, introducing it can generate goodwill (and campaign contributions) for the legislator. Which brings us to Intro 1281.
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3 weeks ago |
therealdeal.com | Erik Engquist
If you didn’t listen to Lt. Gov. Antonio Delgado’s announcement of his candidacy for governor — and we’re guessing you didn’t — you missed its lone mention of the real estate industry: “Housing should not be the playground of corporate power.”Populist rhetoric? You bet. Is Delgado saying that businesses should not be able to buy, sell, rent, renovate, finance or otherwise invest in the housing market?
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3 weeks ago |
therealdeal.com | Erik Engquist
When developer Don Peebles said on stage at The Real Deal’s New York Forum that Andrew Cuomo would be a mayor like Mike Bloomberg, I cringed a bit. I’m sure Bloomberg’s people would have cringed, too, and not just because their guy was never tainted by scandal. Peebles was correct that both have management experience, but as elected officials they had entirely different styles. Bloomberg was a delegator who empowered his commissioners.
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3 weeks ago |
therealdeal.com | Erik Engquist
Fashion model Aubrey Hill has blonde hair, blue-green eyes, a 24-inch waist — and $53,340 in rent arrears, her Manhattan landlord claims. Hill is the first high-fashion model from West Virginia, but not the first tenant to skip out on a lease. That wouldn’t be a big problem, except that she gave someone named Tasheem Jenkins keys to her rent-stabilized Washington Heights apartment, and he refuses to leave.
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Chief of Department John Chell Used False Identity in Bid to Avoid Income Tax, NYPD Records Show. It’s just one of a long list of red flags, yet he kept getting promoted. https://t.co/cDT3JPrMTf

Tenant activists are claiming a rent freeze could save the average rent-stabilized tenant as much as $593 a year in 2030. By my math, that would require 7.2% annual increases. The highest increase in 25 years has been 4.5%, in 2008. No increase has exceeded 4% since. @trdny

Is @ZohranKMamdani a socialist when speaking to his base, but a realist when seeking votes he desperately needs to catch @andrewcuomo? Should we be happy that he acknowledged we can't solve the housing crisis without for-profit development? https://t.co/VzSap4Xzs6