Kathryn Brenzel
Senior Reporter and Newsletter Writer at The Real Deal
Senior reporter, politics editor & newsletter writer @trdny. Formerly: @starledger, Express-Times, @columbiajourn. Pencil enthusiast.
Articles
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1 week ago |
therealdeal.com | Kathryn Brenzel
Michael Blake says real estate doesn’t have to vote for Andrew Cuomo. In an interview Friday, just four days until the Democratic primary, Blake told me that the industry is looking for a “responsible person they can work with,” and believes he is that person. It is a tough sell, given that the industry has poured millions of dollars into Cuomo-tied super PACs. Not to mention that Blake and Assembly member Zohran Mamdani have cross-endorsed each other.
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1 week ago |
therealdeal.com | Kathryn Brenzel
It is no secret that the real estate industry is not Zohran Mamdani’s biggest fan. In fact, landlords have spent millions of dollars supporting former Gov. Andrew Cuomo, in part because they see the mayoral race whittling down to a two-way race between him and Mamdani, and they desperately do not want to see a socialist in Gracie Mansion.
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1 week ago |
therealdeal.com | Kathryn Brenzel
It was a mixed legislative session for real estate. On the one hand, real estate groups managed to fend off a number of state bills they viewed as potentially catastrophic — including a measure that would have made it easier for rent stabilization to spread throughout the state. On the other hand, the legislative session ended without much policy aimed at increasing housing construction throughout the state.
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1 week ago |
therealdeal.com | Kathryn Brenzel
City Council Speaker Adrienne Adams has been there, done that. This was a running theme for Adams during the mayoral debate last week: While other candidates have laid out their plans to build more housing, she touted that she’s “already doing the work.”She took credit for the passage of the City of Yes for Housing Opportunity, which is projected to pave the way for 80,000 new housing units over the next 15 years.
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1 week ago |
therealdeal.com | Kathryn Brenzel
Boruch Drillman on Monday was sentenced to five years of probation for his role in a $165 million mortgage fraud scheme. U.S. District Court Judge Robert Kirsch cited Drillman’s early cooperation with investigators, his genuine remorse, the fact he considered Drillman to be less culpable than other defendants in the case and Drillman’s poor health as reasons for downgrading the sentence. The charge originally carried a maximum five-year prison sentence. Drillman was also fined $250,000.
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On housing, Mamdani noted that city needs to make it "easier to build, even for the private sector." He also mentioned ELLA and SARA HPD programs
Cannot believe that ULURP was mentioned twice in this debate
The city & Rabina are planning to replace a 50-year-old office building with more than 1,200 apartments. Scoping hearing is next month: https://t.co/WB4yg7X0vJ