Eric Adams knows his audience. “What oil is to Texas, real estate is to New York,” the mayor told a crowd of real estate professionals at The Real Deal’s New York City Showcase + Forum Thursday, noting the significant chunk of city revenue the industry provides. In remarks at the Metropolitan Pavilion, the mayor criticized the Department of Buildings, echoing previous comments that the agency’s bureaucratic processes stand in the way of projects. He said
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Brown Harris Stevens CEO Bess Freedman is no fan of the wave of real estate reality TV shows that made Ryan Serhant, founder of the eponymous brokerage, famous – and she let him know as much during a panel discussion for The Real Deal’s New York City Showcase + Forum. “I do think reality TV is very deflating to what we do because I think it makes it look effortless,” Freedman said, pointing to Netflix’s
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Another Hamptons locale has passed a rental registry law ahead of the summer season. Southampton Village adopted its law last week, 27East reported, just before peak season begins in the Hamptons. The village is one of several to adopt a similar registry rule to get around a provision in the state’s Housing Stability and Tenant Protection Act that banned owners from collecting more than one month’s rent in advance. The state law was designed to
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Simon Dushinsky and Isaac Rabinowitz’s Rabsky Group scored a $92 million construction loan for a large mixed-use project in Gowanus as developers continue to flock to the recently rezoned Brooklyn neighborhood. The Brooklyn-based developer secured the loan for its project at 313-315 Bond Street — where it plans a 526,000-square-foot building — from G4 Capital, according to a person familiar with the matter. Henry Bodek of Galaxy Capital arranged the financing. Rabsky bought the property
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