Judge Refuses to Block NYC Broker-Fee Law Set to Start June 11
By and Jennifer Epstein
Save
A federal judge refused to block a New York City law that would require landlords — rather than their tenants — to pay fees for hiring listing brokers, handing the real estate industry another setback in its legal fight to prevent enforcement before the measure goes into effect June 11.
The case is Real Estate Board of New York v City of New York, 24-cv-9678, US District Court, Southern District of New York (Manhattan).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
17 minutes ago
- Bloomberg
Manhattan Renters Already Paying Record Prices Face More Hikes
Manhattan apartment rents reached yet another all-time high last month and are expected to keep rising as the market's most competitive season collides with the city's new broker-fee law. The median rent on new leases signed in May was $4,571, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman. It was the third record price reached in the past four months and exceeded the previous peak by $71.
Digital Trends
17 minutes ago
- Digital Trends
SpaceX Starlink rivalry grows as next Kuiper deployment nears
Amazon is about to send another batch of Project Kuiper internet satellites to orbit as it seeks to take on SpaceX's Starlink service to provide broadband internet to customers around the world. The tech giant has a long way to go before it has any hope of effectively challenging Starlink, but with its second launch set for next week, progress is being made toward its goal. Recommended Videos Project Kuiper is currently targeting Monday, June 16, for the launch of 27 internet satellites aboard a United Launch Alliance (ULA) Atlas V rocket from Cape Canaveral in Florida. The KA-02 mission comes seven weeks after the first Project Kuiper launch, which also deployed 27 internet satellites. Commenting after the inaugural launch, Rajeev Badyal, vice president of Project Kuiper, said: 'We've designed some of the most advanced communications satellites ever built, and every launch is an opportunity to add more capacity and coverage to our network.' SpaceX began deploying its Starlink internet satellites six years ago and now has more than 7,000 of them in low-Earth orbit, bringing broadband connectivity to more than 5 million customers globally. Project Kuiper says its initial constellation will be made up of more than 3,200 satellites, with more than 80 missions needed to reach that goal. To that end, Amazon has put together a busy launch schedule, with six additional satellite deployments planned for ULA's Atlas V rocket, at least 38 on ULA's Vulcan Centaur rocket, and dozens more with Arianespace and Blue Origin. SpaceX's workhorse Falcon 9 rocket may even help out. Amazon is targeting as early as the end of this year for the launch of a high-speed, low-latency satellite-powered internet service, with as few as 1,000 satellites needed for global coverage. Building out the constellation to the targeted 3,200 satellites will help to boost network performance and reliability for paying customers.
Travel Weekly
an hour ago
- Travel Weekly
Ambassador Hotel of Waikiki joins Hilton's Tapestry Collection
The Ambassador Hotel of Waikiki has joined Hilton's Tapestry Collection. It is Tapestry's first Hawaii hotel. The 368-room hotel, which is managed by Highgate, previously operated as the Romer Waikiki at the Ambassador. Concurrent with its reflagging, the hotel underwent a renovation. The hotel's refreshed interiors feature a tropical-inspired color palette as well as midcentury design elements that pay homage to its 1960s origins. The Ambassador offers a variety of accommodations, including two-bedroom suites and lofted bunk-bed rooms designed for families and groups. The hotel is home to the Waikiki Swim & Social Club, which offers a pool and cabana deck, and the Favorite Son restaurant, a casual-dining concept with indoor-outdoor seating. Guests have access to fitness facilities, bike rentals and beach equipment. Rates at the revamped property start at $159 per night, with Hawaii residents receiving a 25% discount. The Tapestry Collection now has close to 160 hotels and resorts.
