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This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. Hey there, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: Human Resources Administration Administrator Scott French, state Sen. Brian Kavanagh, Assembly member Sarahana Shrestha, State Sen. John Liu, Asse...

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Two U.S. lawmakers are urging the Federal Trade Commission to examine the practices of online real estate marketplaces.  Democratic Reps. Jennifer McClellan and Don Beyer wrote in a letter to FTC chairman Andrew Ferguson that platforms that steer prospective homebuyers toward buyer agents in exchange for a referral fee may be contributing to the unaffordability issues plagu...

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A Connecticut home rode the area’s steep price growth to a peak sale.  The home in Fairfield sold for $12.3 million, setting a town record for a non-waterfront property, according to listing agent Libby McKinney Tritschler of William Raveis.  The sellers, Meri Leigh and Francesco Daniele, bought the property at 260 Willow Street for $2.3 million in 2020 and undertook a...

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The owners of Camp Blue Star, Mohawk Day Camp and dozens of other summer camps across the Northeast revealed they defaulted on payments to Israeli bondholders and transferred $34 million to companies they control.  Michael and David Shabsels closed a $195 million bond deal in December. They own about 30 American sleepaway and day camps, making them a large player in a fragm...

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New York’s 99-unit building era is in full swing. But one developer appears to be bucking that trend.  TF Cornerstone intends to use the 485x tax abatement program to build three large rental projects in Brooklyn, according to city data.  That would make the developer the first to be subject to the 485x’s construction wage standard, a cost most developers try to avoid ...

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