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To add housing, use tax incentives and vouchers

There is a consensus that the housing market in New York City is broken. Demand is high, supply is limited and there is a scarcity of units available to lower income renters. Thoughtful policymakers, developers, and elected officials agree that government must provide an incentive to spur the production of more housing, especially affordable rental housing However, the desperate need for more housing is not enough to spur action. Some advocates and policy makers demand a grand bargain that combines any new supply-side policies with “Good Cause Eviction,” a form of universal rent control and demand that, “half a loaf”…

Publication NY Daily News
Date 2024-02-06
Author Douglas Durst

BOMA New York Taps Durst’s Dolan as Chair

BOMA New York has announced that Patrick J. Dolan, RPA, senior property manager at The Durst Organization and head of operations at One World Trade Center, is its new chair. He succeeds Matt Duthie, RPA, senior vice president of property management at Newmark, who served in the role from 2021 to 2023 Dolan has been a member of BOMA New York since 2000 and has served as an Officer for the past six years. He also serves on the Executive Committee of Caring to Remember, served on the Board of Directors for Hearts to Homes, and is an ardent supporter…

Date 2024-02-05
Author Mann Publications

The Durst Organization Grows Its Commercial Real Estate Team For 2024 With New Associate Director, Sayo Kamara

New York, NY – January 25, 2024 – Following a strong year of leasing activity in 2023, The Durst Organization announced the company has expanded its commercial leasing team with Sayo Kamara joining as an Associate Director this week. Kamara brings new capacity to Durst as the firm prepares for continued momentum in 2024, including the ongoing major lease-up at the newly renovated 825 Third Avenue "Sayo is bringing not only his extensive relationships from across the industry, but his own dynamic perspective as someone who has quickly become one of the most notable rising leasing professionals in New York.…

Date 2024-01-25
Author The Durst Organization

The Durst Organization Appoints Sayo Kamara Associate Director

Following a strong year of leasing activity in 2023, The Durst Organization announced the company has expanded its commercial leasing team with Sayo Kamara joining as an Associate Director this week. Kamara brings new capacity to Durst as the firm prepares for continued momentum in 2024, including the ongoing major lease-up at the newly renovated 825 Third Avenue “Sayo is bringing not only his extensive relationships from across the industry, but his own dynamic perspective as someone who has quickly become one of the most notable rising leasing professionals in New York. We know he will be a great partner…

Date 2024-01-25
Author CityBiz

Three Retail Tenants Renew Downtown Leases with Durst

The Durst Organization has renewed leases for three retail tenants at Historic Front Street in Lower Manhattan. The Dermatology Specialists and Il Brigante secured 10-year renewals, while SUteiShi, a family-owned Japanese restaurant, also signed a 10-year renewal for its space Historic Front Street, a restoration project by The Durst Organization, consists of 11 landmarked buildings and three modern buildings, offering 95 residential rental units and 14 street-level retail stores. “Historic Front Street draws visitors from all over the world. We’re extremely pleased that these tenants will continue to benefit from the dynamic and thriving community of residents, tourists, and workers…

Publication Connect CRE
Date 2024-01-18
Author Emily Fu
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