NYC Real Estate Faces Less Friendly Market Under De Blasio

Law360, New York (November 5, 2013, 11:32 PM EST) -- New York City real estate attorneys and their developer clients could soon be operating in a new — and some say less accommodating — market, if Mayor-Elect Bill de Blasio implements his campaign promises to curb incentives for big developers, remove subsidies for industrial development and require more affordable housing.

During his campaign, de Blasio often referred to New York as a “tale of two cities,” pointing to a stark contrast in the quality of life for the rich and the poor, and proposing new taxes...
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