Developers are now spending thousands of dollars on lobbying to buy air rights from the beleaguered New York City Housing Authority. Amid a push to raise capital, NYCHA has an estimated 80 million square feet of air rights up for grabs. And Madison Realty Capital, Maddd Equities and Real Estate Equities Corporation are among those spending lobbying dollars, PincusCo reported. In January, Madison Realty Capital hired one of the city’s most active government lobbying firms, […]
source https://therealdeal.com/2019/05/02/these-are-the-developers-looking-to-buy-air-rights-from-nycha/
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