Close Menu
    Trending
    • Mamdani’s “Transfer” Program Gets Started
    • Manhattan Office Market Closing in on Pre-Covid Reality
    • What to Expect in Your First Year as a Turnkey Investor
    • Carnegie House Co-op Wins Second Shot In Ground Lease Fight
    • Brooklyn Developer Ezra Unger Banned From Selling Condos: AG
    • What Mamdani’s Pitch to Recognize Tenant Unions Could Mean
    • New Ownership for Three Brooklyn Buildings in Legal Web
    • Gusto Doubles Up At Vornado’s Penn 1
    WorldEstateUSA
    • Home
    • Real Estate
    • Real Estate News
    • Real Estate Analysis
    • House Flipping
    • Property Investment
    WorldEstateUSA
    Home»Real Estate News»John Mangin heads to the hot seat

    John Mangin heads to the hot seat

    Team_WorldEstateUSABy Team_WorldEstateUSAAugust 29, 2026No Comments6 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Mamdani’s decide to steer the Board of Requirements and Appeals met lawmaker pushback, because the Metropolis Council approaches a crossroads at subsequent week’s affirmation listening to.

    John Mangin, who’s at present director of the Division of Metropolis Planning’s housing division, acquired vociferous opposition from many council members who took problem with a paper he wrote greater than a decade in the past in Stanford College Legislation and Coverage Assessment. 

    Within the article, he known as out “rich house owner cartels,” citing an inclination to restrict density of their neighborhoods that he argued has hindered makes an attempt to extend housing provide in high-demand areas.

    Lawmakers together with Deputy Speaker Nantasha Williams, Land Use Committee Chair Kevin Riley and even Speaker Julie Menin have voiced issues about his views on house owner affect in land use discussions and neighborhood advantages agreements. The Actual Deal columnist Erik Engquist captured the controversy final week, however the Council has proven little proof of reconciliation with Mangin’s positions since then.

    With the Sept. 1 affirmation listening to quick approaching, Mamdani’s nominee for a job imbued with new powers after Metropolis Constitution revisions final yr remains to be in for a contentious line of questioning. Advocacy teams together with the Actual Property Board of New York and the New York Housing Conference, together with Annemarie Gray, who leads abundance group Open New York, have thrown their assist behind Mangin.

    Mitch Korbey, chair of the land use and zoning group at Herrick, Feinstein, served as a BSA commissioner through the Giuliani and Bloomberg administrations. He thinks the Council is prone to put aside its variations with Mangin and in the end affirm him to steer BSA subsequent week.

    “It’s a really particular company, it definitely has its powers, however it’s not a legislative operate or political operate in any respect, and it’s at all times been unbiased,” Korbey stated. “It’s not implementing new coverage, it’s merely in a really discrete style going to be ruling and making choices on sure housing improvement tasks.”

    Speaker Menin and Council management have discovered some widespread floor with Mamdani on the extra pro-development elements of his agenda, although final yr’s poll measures additionally weakened the custom of member deference significantly with updates to land use processes. Riley explicitly pushed back towards “notion on-line that this Council is a NIMBY Council” at a press convention following the preliminary Mangin nomination dust-up. However the legislative physique’s actions will converse louder than one member’s phrases relating to incomes a YIMBY label.

    If he secures the position of BSA chair, Mangin gained’t have unilateral say on issues earlier than the board, nor will he essentially function in lockstep with the mayoral administration that chosen him for the job, in response to Korbey.

    “Once I was there, there have been instances once I voted on issues which may have been unpopular when it comes to the administration,” he stated. “The chair solely has one vote, simply as the opposite commissioners, and it takes a majority of the board to undertake something. This has turn out to be political, it’s turn out to be a push and pull between the administration and the Council, however John is with out query certified, with out query an knowledgeable in his discipline.”

    Low emptiness charges and climbing rents point out a housing scarcity that the administration and the Council alike have agreed can be a essential coverage focus. However addressing the necessity for extra housing would require rapid motion if the Mamdani administration hopes to alleviate provide points by constructing 700,000 houses, together with 200,000 reasonably priced items, over the following decade.

    “I perceive the Council’s concern right here, however this isn’t a political choice,” Korbey stated. “We now have seen up to now decade or so, significantly within the space of neighborhood rezonings, what I generally name hyper-localism. Initiatives that may have a broad metropolis influence and supply actual alternatives for a borough or the town have been held up due to the issues of a block.”

    What we’re excited about: Do you assume the Council will approve Mangin? Is he prone to make an enormous splash if confirmed as BSA chair? Let me know your predictions at ben.miller@therealdeal.com.

    A factor we’ve realized:

    • Ever questioned what the colourful plastic tags embedded in New York Metropolis sidewalks imply, or how concerning the spray-painted markings left behind by metropolis employees? They’re often left behind to point who final carried out upkeep work on a patch of sidewalk or roadway or what lies beneath the asphalt, letting different businesses know what infrastructure is under earlier than they begin digging, the New York Occasions reported.

    Elsewhere…

    • NJ Transit misplaced practically $4 million working trains to World Cup video games on the Meadowlands complicated this summer season, Gothamist reported. The transit supplier’s chief monetary officer known as its $98 round-trip ticket pricing “applicable” and stated it was a step to “enhance farebox restoration” in a memo, however service value a complete of $55.7 million in contrast with simply $51.7 million in income through the video games. Ridership didn’t attain the 40,000 tickets NJ Transit put aside for every recreation, peaking at 26,221 for the June 16 match between France and Senegal.
    • Metropolis Corridor has delayed the publication of its technique for including 2,100 public loos throughout the 5 boroughs, after the mayor’s staff stated the duty of coordinating metropolis businesses to launch the plan by Sept. 1 was too sophisticated to satisfy the deadline. Laws dubbed the Lavatory Invoice handed within the Metropolis Council final April, aiming to double the variety of public restrooms over the next decade. Deputy Mayor Julia Kerson — who can be spearheading the mayor’s BQE Central rehabilitation efforts — advised Speaker Menin in a letter that the toilet rollout was backed up, however plans to submit the report by Nov. 1, per the City Reporter.
    • President Donald Trump gained’t attend a ceremony at Floor Zero commemorating the twenty fifth anniversary of 9/11, opting to skip the occasion as a result of he gained’t be permitted to ship a speech, the New York Every day Information reported. He’s anticipated to attend a ceremony on the Pentagon the place he’ll ship a speech, with Vice President JD Vance changing him on the Decrease Manhattan occasion. 

    Closing time

    Residential: The costliest residential sale recorded Friday was $7.9 million for 60 Riverside Boulevard, Unit 3501. The Higher West Aspect rental unit in The Aldyn constructing is 4,400 sq. ft. Blu Real Estate’s Alon Chadad, David Tobon, Jonathan Kamback and Edward Diaz had the itemizing.

    Industrial: The costliest business transaction was $21.6 million for 1265 Oak Level Avenue. The Hunts Level warehouse is 50,000 sq. ft. 

    New to the Market: The very best worth for a residential property hitting the market is $9 million for 111 Leroy Avenue, Unit 9. The West Village rental unit is 2,430 sq. ft and about $3,700 per sq. foot. The Corcoran Group’s Catherine Juracich and Thomas Ventura have the itemizing.

    — Joseph Jungermann





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleMidtown Capital Drops $86 Million in Doral Industrial Market
    Next Article What a Rhode Island Pied-à-terre Tax Suit Could Mean For NY
    Team_WorldEstateUSA
    • Website

    Related Posts

    Manhattan Office Market Closing in on Pre-Covid Reality

    September 5, 2026

    Carnegie House Co-op Wins Second Shot In Ground Lease Fight

    September 4, 2026

    Brooklyn Developer Ezra Unger Banned From Selling Condos: AG

    September 4, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Will Sunnyside Yard Ever Get Built?

    August 19, 20260 Views

    Administration Rejects Congress Plan, Threatening Vouchers

    July 11, 20260 Views

    NYC Council Eyes Heat Rules for Construction Workers

    June 12, 20260 Views

    5 Tips for Working with Senior Mobile-Home Buyers and Sellers

    December 2, 20254 Views

    Tightening Office Market Pushes Manhattan Rents Higher in Q2

    July 1, 20260 Views
    Categories
    • Property Investment
    • Real Estate Analysis
    • Real Estate News
    Most Popular

    5 Types of Mobile Homes Investors Should Avoid Buying

    December 10, 202523 Views

    8 Affordable Housing Markets That are Likely to Boom Soon

    December 4, 202514 Views

    5 Systems Every Rookie Investor Needs for Faster Rehabs and Bigger Profits

    March 5, 202613 Views
    Our Picks

    Rithm Capital Approaches $500M Refi of Midtown Office

    July 7, 2026

    New York Top Real Estate Deals: Monday, May 18, 2026

    May 19, 2026

    Compass Parts Ways With Tri-State Christie’s Affiliate

    June 2, 2026
    Categories
    • Property Investment
    • Real Estate Analysis
    • Real Estate News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Worldestateusa.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.