This is such good news... I'm looking forward to seeing some major speculators declare bankruptcy in the next year or two......
Judges say Tishman Speyer must keep units rent regulated as long as they get tax breaks, derailing building owners' plans to deregulate units to pay off their mortgages.
Tishman Speyer Properties and other owners of rent-regulated buildings suffered an enormous blow Thursday when the Appellate Division of New York’s Supreme Court unanimously ruled buildings receiving certain tax benefits could not deregulate apartments.
Saturday, March 14, 2009
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