On eve of election day, considering what new administrations in NYC, Miami mean for real estate
November brings big changes for some of The Real Deal’s markets. New York City begins saying goodbye to Mayor Eric Adams, who dropped his reelection bid in September after months of trailing in the polls. In the final stretch of the mayoral election, Democratic nominee and frontrunner Zohran Mamdani made his case to business crowds, assuring that alongside his pledge to freeze rents for stabilized tenants, he’s also looking to fix the city’s property tax system and help landlords reduce costs. Former Gov. Andrew Cuomo, who’s running as an independent, has promised to build or preserve 500,000 units, in part […]This article originally appeared on The Real Deal. Click here to read the full story.
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