Facebook Expands by 300K SF at 770 Broadway "It will bring Facebook’s presence to about 813,000 square feet in the property and give Facebook nearly total control of the 15-story building between East Eighth and East Ninth streets." (Commercial Observer)
Neighbors sue to stop Hebron Church development in Crown Heights "The Sterling Place Block Association is hoping their lawsuit, filed against the Landmarks Preservation Commission and real estate developer Hope Street Capital, will overturn the LPC’s approval of Hope Street’s planned seven-story residential buildings at the Hebron Seventh Day Adventist site on Sterling Place at New York Avenue, which advocates say is one of the last Victorian-era landmarks in the Crown Heights North Historic District." (Brooklyn Paper)
As Eviction Pause Ends in New York, Here’s What Tenants Should Know "With no indication that Albany lawmakers will move to extend the state’s pause on most evictions, New York’s pandemic-era moratorium is set to sunset on Saturday." (The City)
New York officials warned about security cameras' vulnerability years before subway shooting "In a pair of inspections from 2018 and 2019 reviewed by CBS News, state officials warned New York City's Metropolitan Transportation Authority that its subway system's security cameras were at risk of malfunctions. They found that the MTA failed to ensure preventative maintenance and timely repairs on thousands of the cameras." (CBS)
Rent Guidelines Board recommends increases between 2.7% and 9% for rent-stabilized units "The city’s Rent Guidelines Board on Thursday released a report recommending a rent hike for rent-stabilized apartments due to an increase in operating costs for landlords over the last 12 months. According to the agency’s 2022 Price Index of Operating Costs report, owners saw costs rise by 4.2 percent. Using three formulas, the board recommended an increase in rent of between 2.7 percent and 4.5 percent for one-year leases and between 4.3 percent and 9 percent for two-year leases. The suggested rent increase comes after the board voted to not raise rents for six months last year and fully freeze rents in 2020." (6sqft)
