Eviction notices can be difficult to fight, especially when the city is the one pursuing the eviction. An example of the difficulties of fighting an eviction notice issued by the city can be seen through the recent eviction notices sent to roughly 90 small businesses near Citi Field in Willets Point.
A real estate developer in New York is planning to build a new residential building in Manhattan that will attract two separate types of owners and tenants. Extell Development Company has filed plans to build a 33-story building that will feature luxury condominiums and affordable apartments. The building will have two separate entrances for condo owners and the tenants who live in the apartment units.
Foreign investors are dipping their toes into the New York commercial real estate market and some companies are investing a large amount of money for their first time in the United States. Such is the case for a Norwegian wealth fund who recently acquired a 45 percent interest in Times Square Tower in New York for $684 million in cash.
A federal judge recently ruled that a law firm in New York City is liable for trying to evict a tenant from their building. After the court ruling, the law firm agreed to pay $22,000 to the elderly tenant they tried to evict based off incorrect records. They also agreed to pay $108,000 in legal fees.