West End market slams lux condo for trashing sidewalk

 A garbage war is brewing between a West End grocer and a Dermont-owned luxury tower that the store owner claims is piling up massive amounts of trash bags in front of his business for more than 24 hours at a clip. The New York Post first reported that Avi Kaner, owner of the Morton Williams supermarket at West End Avenue and 60th Street, has been complaining to reps from 21 West End Avenue, a 48-story

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Eric Adams’ cup runneth over with real estate cash

In an 11-week span after Eric Adams became a shoo-in for the mayoralty, the real estate industry poured $500,000 into his campaign coffers. Adams is the heavy favorite against Republican nominee Curtis Sliwa, the brash radio host and Guardian Angels founder. But Adams has been busy padding his campaign account, and property interests have played a big part. Between July 12 and Sept. 27, members of some of New York’s most powerful real estate firms

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Task force lays out possible changes to city’s tax lien sale

A task force studying the city’s tax lien sale is considering a range of options that include replacing the system, tweaking it and exempting some properties. The 12-person group, formed by City Council legislation passed in January, must come up with recommendations for the sale by Nov. 1. It has not committed to anything, but has released some ideas for how to make the system fairer without letting delinquent owners off the hook. One is

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Dream big: Fully-funded federal rent vouchers would bring billions to NY

As tenants and landlords struggled through the pandemic, New York politicians hesitated to help, fearing the financial toll of expanding rent subsidies. Mayor Bill de Blasio reluctantly agreed to increase city rent vouchers to federal levels in August but warned New York City would be cash-strapped if the state didn’t follow suit. The state bill that would do so is in limbo — passed by the Legislature, but yet to hit Gov. Kathy Hochul’s desk.

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Robert Durst convicted of murder

Justice has finally caught up with Robert Durst. The notorious heir to the Durst real estate fortune was convicted of murder Friday by a Los Angeles jury for the execution-style shooting of his friend Susan Berman in 2000. It was one of three confirmed or suspected homicides for which the 78-year-old had long escaped responsibility. Prosecutors argued that Durst shot Berman point-blank in the back of the head because she was planning to tell police

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Tenants stop paying rent so relief fund will foot the bill

New York’s rent relief program was supposed to melt away the state’s multi-billion-dollar rent debt. Instead, landlords say their arrears have only mounted since the applications portal opened. The owners say some tenants have stopped paying rent in order to qualify for the aid, seizing on the opportunity to get ahead on other expenses. But with rent relief stalled, landlords such as Jerry Waxenberg are paying the price. Still, he doesn’t fault his tenants for

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Stephen Ross’ mayoral fundraising fizzles

Three months ago, billionaire developer Stephen Ross launched a political action committee aimed at the Democratic mayoral primary. He set out to raise tens of millions of dollars, the New York Times reported at the time. Now, with just one week until the primary, the so-called super PAC has only raised $875,000. Vote for New York’s Future has spent $2.2 million, a paltry sum in a citywide election where a single candidate might spend five

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De Blasio and Cuomo clash over reopening the city

New York City will surely reopen. The question is when. Mayor Bill de Blasio announced Thursday that businesses will be able to reopen at full capacity July 1, bringing an end to lockdown restrictions that have been in place for more than a year now. “We are ready to bring New York City back fully on July 1, all systems go, because you’ve earned it,” de Blasio said. “This is going to be the summer

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Does Andrew Yang’s housing plan make sense?

New Yorkers no longer have a choice: We have to take Andrew Yang seriously. The Democratic primary for mayor is less than two months away and he’s leading the polls as the eight identifiable candidates begin to invade our lives with TV ads. Yang is winning mostly because of name recognition. He’s famous for being famous. Voters have no idea what he does for a living or what his skills are, but he has a

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For Compass agents who invested, IPO is watershed moment

For Compass agents invested in the firm’s success, nothing can rain on their parade. Last week, Compass’s initial public offering raised $450 million. Though the company had at one time hoped to raise more than twice as much, Compass founders and top executives now have stock holdings worth millions on paper. But many of the rank and file also have skin in the game. The effect, particularly for agents who’ve been at the firm five

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