BrokerageIndustry News

Real estate’s bright, not-so-bright ideas

From The Real Deal

Editor's note: This article, reposted with permission by The Real Deal, highlights policies and proposals floated to get New York City's real estate market back on track. Click here to view the original article. By SARAH RYLEY NEW YORK -- This city's real estate market is at something of a crossroad. For more than a year now, the industry has been dealing with the fallout from Wall Street and the credit crisis, leaving brokers, developers, city officials and everyone in between groping for strategies to keep financially afloat. While it's hard to fault real estate professionals for throwing any ideas they have at the problem to see which ones stick, some of those approaches have worked better than others. This month, The Real Deal dissected some of the biggest policies and proposals that are being used -- or considered -- to help shore up the industry. The goal was to see which ideas have helped get the market moving, and which have fallen flat, and to examine ho...