A $5.4 billion deal to purchase two massive Manhattan apartment complexes and convert them to high-end rentals appears to be floundering.
The Manhattan apartment complexes known as Stuyvesant Town and Peter Cooper Village were purchased in 2006 for $5.4 billion, as part of a scheme to transform them from middle-class housing to luxury units. However,
"Tenants fought back, conversions happened much slower than expected and a state court ruled Thursday that about $200 million in the company's new rent increases were improper. Real estate analysts say the ownership group is now just two to three months away from a likely default on the $3 billion mortgage it used, along with a $1.4 billion secondary loan, to buy the property. Foreclosure looms as a strong possibility."
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
The VW Bus is Back — Now as an Electric Minivan
Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.
Has President Trump Met His Match?
Doug Ford, the no-nonsense premier of Canada's most populous province, Ontario, is taking on Trump where it hurts — making American energy more expensive.
Biketown Lives
Despite public perception of its decline, Portland’s bike share system is alive and well.
‘Stockholm Tree Pit’ Saves Dying Urban Trees
After noticing that two-thirds of its trees were dying, Stockholm developed a new planting method to protect trees surrounded by concrete.
Analysis: Just 5 Percent of Detroit Bus Stops Have Shelters
The city’s thousands of bus stops are sorely lacking in seating and shelters to protect riders from rain, snow, and sun.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Edmonds
City of Albany
Harvard GSD Executive Education
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research