Chicago's Older Apartments Are Running Out Of Room To Raise Rent

Plan Change 120 targets the wrong suburbs to create affordable housing - Helen Clark

Plan Change 120 targets the wrong suburbs to create affordable housing - Helen Clark

Councillors consider High Court action over executive's plans to increase rents

The rent increases, which are due to come into effect on Wednesday, could see some households pay 25 more.

Commentary: Chicago and other cities are turning budgets into tools for democracy – Chicago Tribune*

Chicago offers one of the clearest examples. In 2020, community groups and residents in historically underinvested neighborhoods put forth the “People’s Budget Chicago” — articulating a clear demand for more public investment in health, education and housing and less in policing. While the people didn’t win their budget, the city did start bringing equity considerations into budgeting.

Target takes space from Vornado affiliate for Rego Park store

Target is taking over another large space in Queens. The big-box retailer leased 135,000 square feet at the Rego Park Shopping Center at 61-35 Junction Boulevard in the Rego Park neighborhood, the Commercial Observer reported. The shopping center is owned by Alexander’s, an affiliate partly owned by Steven Roth’s Vornado Realty Trust. The 15-year deal brings the shopping center to 99 percent leased, according to ownership. The Target will occupy nearly a quarter of the multilevel, 600,000-square-foot open-air mall, which counts Costco an anchor tenant. Other tenants include Burlington, Best Buy, Marshalls, T.J. Maxx, Aldi and Petco. In 2020, At []This article originally appeared on The Real Deal. Click here to read the full story.

STEVE FORBES: Mamdani’s socialist rent-control puts New York on the road to housing ruin

New York City rent freeze on 1 million rent-stabilized apartments is price control, not housing policy. It will reduce supply and hurt tenants.

Costa Rica Rents Keep Rising Even as Inflation Stays Low

Costa Rica’s cost-of-living squeeze is showing up in one of the places residents feel most directly: rent. Housing rents rose 3.67 between May 2023 and May 2026, even as the general inflation rate fell by 0.81 over the same period, according to a new analysis by the Costa Rican College of Economic Sciences. The increase [] The post Costa Rica Rents Keep Rising Even as Inflation Stays Low appeared first on The Tico Times | Costa Rica News | Travel | Real Estate.

New York Developer Seeks to Build 296 Units in Flushing, Queens

Nearly 300 units of new housing might be coming to Flushing, Queens. New York City-based developer Gary Chen has submitted a zoning change application to build a 10-story, mixed-use project at 32-02 Linden Place, according to a Monday filing with the New York City Department of City Planning. If approved, the project would have a []

The Cost of Staying Put: Aging in the Neighborhood You Love

The Cost of Staying Put: Aging in the Neighborhood You Love

The tech ban driving up housing prices

New York City’s rental market is arguably the country’s worst. Its metro area’s housing shortage exceeds 400,000 homes. Median asking rent has risen 7.3 year over year in New York City. San Francisco rents have risen twice as fast at 16.9. These cities now have the nation’s highest rents. Beyond high rents and scarce housing []

Downtown L.A. World Trade Center to become affordable apartments

An aging downtown office complex will be converted into apartments as part of an ambitious plan by local real estate companies to create 4,000 affordable housing units in Los Angeles. The first project will be a 200-million makeover of the L.A. World Trade Center, a sprawling white elephant of an office complex on Figueroa Street []

When tenants leave, rents surge: A West Island housing reality

Many tenants in Quebec's West Island have experienced significant rent increases when apartments change hands. Previously rented apartments that were listed at around 1,200 per month are now being relisted for 1,800, 1,900, or even more than 2,000 for a

Megawide eyes more housing projects in Cavite, Bulacan

MEGAWIDE Construction Corp. plans to expand its horizontal residential developments in Cavite and Bulacan, the listed engineering and construction company’s top official said. “Our subsidiary, we are focusing on socialized housing, affordable and horizontal housing (projects) such as the Southscapes. We will be launching more new projects in the southern part area like Cavite and []

Could this housing model solve urban crises? Singapore's transformation offers clues

Once known for its crowded slums and cramped tenements, Singapore turned public housing into a national project — and in doing so, rewrote the future of urban living.

Mamdani's rent freeze: will it work? | DW News

One million apartment units in New York will have 0% rise in rent for the next two years. Many say this is a big win for tenant affordability. The German capital Berlin tried something similar a few years ago – and failed. Does freezing the rent work? Or does it hurt the rental market? #dwbusiness For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1

When falling housing prices are good news — and when they're not

Denver renters are celebrating falling housing costs. But sometimes cheaper housing is a sign of economic decline. How can you tell the difference?

ADDIS ABEBA WAITS ON A RENT CEILING

Addis Abeba’s renters and property owners are waiting on a city government decision that will set how far rents can rise under a two-year-old control...

New in homes: More low-rise housing comes to Willowdale 

Townhomes aim for ‘balance between value and luxury’

Beyond the Dealership: How to Choose a Hassle-Free Car Care Solution in Chicago

Keeping your car in a busy city such as Chicago has its own set of challenges. From freezing winters with salty road goo, erratic driving in the city, to busyness, car ownership can seem like an added chore to keep up with. The common problem for drivers in the past was choosing the high cost [] The post Beyond the Dealership: How to Choose a Hassle-Free Car Care Solution in Chicago appeared first on QuintDaily.

Municipal Midyear Outlook: Room To Run As Demand Drives The Market

Municipal Midyear Outlook: Room To Run As Demand Drives The Market

As 'jeonse' fades, path to homeownership narrows further in Korea

As 'jeonse' fades, path to homeownership narrows further in Korea

Should the city of Berkeley help buy these affordable apartments?

Tenants who have lived at a Sacramento Street apartment complex for decades fear what might happen as their property goes on the market. Mayor Adena Ishii wants to put 1.3 million toward a program that could turn it into permanently affordable housing.

New York City Has Tried Rent Freezes Before. Here's How They Ended.

New York City Has Tried Rent Freezes Before. Here's How They Ended.

New Illinois statewide tenant law signed; Chicago seeks to push further

Illinois Gov. J.B. Pritzker signed a law into effect that lawmakers say intends to increase renter protections statewide. Meanwhile, Chicago Mayor Brandon Johnson has his eyes set on a sweeping ordinance worrying many landlords. The state law specifically targets undisclosed and “junk” fees that some tenants may not see on their lease. House Bill 3564 []...Click to read more

Hong Kong Residential Purchasing Power Released as Prices and Sales Rise, CRE Investment Momentum Sustains

Core Grade A Offices Lead Rental Recovery, Hong Kong Island High Streets Outperform Kowloon Residential Market: Q2 residential transaction numbers increased by 19 q-o-q and 32 y-o-y to reach more than 22,150 units. Home prices rose by 2.5 during April and May, bringing a cumulative 7.4 ...

Board freezes rent on 1 and 2-year leases for NYC's 1 million rent-regulated apartments

Board freezes rent on 1 and 2-year leases for NYC's 1 million rent-regulated apartments

Attica rental rates still rising

Housing costs for the average family in Attica that does not live in a property it owns have increased significantly.

Private sector rent hikes outpace inflation as landlord sell-off continues; Up 5% in Q2

Rents in the private sector increased again in the second quarter, as landlords continued to sell off their rentals, according to the housing platforms Huurwoningen.nl and Pararius.

Housing costs crisis needs ‘decades’ of falling prices

Recent falling house prices have barely eroded an affordability gap that has built up over years of rising values, as experts warn much more time is needed.