NYC’s pied-à-terre tax is now law and could raise $500M a year
New York, NY — The FY 2027 budget adds a surcharge on luxury NYC second homes, aimed at nonresident owners and projected to raise about $500M a year.
Real Estate
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Red Bank Super Foodtown closes after 50 years, and Broad Street watch begins
Red Bank NJ – Super Foodtown closed on Broad Street after about 50 years, and a reported Atlantic Club move plan now hangs over the site.
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Gilbert moves to sell 18.9 acres near Topgolf, bid opening set June 1
Gilbert is advancing a sealed-bid sale of 18.9 acres near Ray Road and Santan Village Parkway, with bids due June 1 and council review set for June 9.
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St. Petersburg commission approves Tierra Verde Marina plan after hearing
St. Petersburg’s Development Review Commission approved the Tierra Verde Marina plan after a heated May 6-7 hearing and resident pushback.
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Detroit’s unsafe-building crackdown is intensifying, with 80 properties on the latest hearing list
Detroit MI – The city has moved 80 private properties into its dangerous-buildings process, as a new enforcement strategy targets unsafe apartments, vacant houses, and blight.
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Wichita approves affordable housing funding for 42 South Broadway rental units
Wichita KS – City Council approved affordable-housing support for Ark River Residences, a 42-unit South Broadway apartment project that adds new rental supply.
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Jamestown moves to seek a developer for East 2nd Street downtown parcels
Jamestown NY – Council has moved 8, 10 and 12 East 2nd Street into the city’s redevelopment pipeline, opening the door to a developer search.
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Guilford County budget town halls start as Greensboro taxpayers weigh revaluation, services, and spending priorities
Greensboro NC – Guilford County’s April 14 budget town hall gives residents a chance to weigh spending priorities while property reappraisal appeals stay open through May 15.
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Why Fresno Is Taking a Closer Look at Corporate Landlords
Fresno CA – The City Council ordered a 75-day study of corporate housing ownership and possible rental-registry changes, with findings expected in June.
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What a Chula Vista squatter case shows about how San Diego County evictions work
Chula Vista CA – A reported 10-month home-occupation dispute shows why many San Diego County possession fights run through unlawful detainer court first.
