CategoryZoning/Litigation

Take Stock In Housing Market Watchers Rewarding Scarcity

Time to read [7 minutes] Takeways NIMBY opposition and zoning block multifamily and affordable projects, driving up housing costs. Investordriven builder restraint incentivizes stock buybacks and low production over new supply. Structural scarcity creation: The alignment of NIMBYism, restrictive landuse policies, and investor pressures produces a systemic drag on housing supply...

When Paying $80 Million Doesn’t Guarantee Your View

Time to read [5 minutes] Takeways A condo development next to 520 Park Avenue is set to block some western views of Central Park, sparking disputes over the impact on values A billionaire buyer is suing the developer, alleging he was not informed about the potential future obstruction when purchasing his unit The case highlights longstanding risks in real estate, where views are never guaranteed...

Move Sues Costar: When A Lawsuit Signals You’re A Threat

• Move, owner of Realtor.com, filed a trade secret lawsuit against CoStar
• CoStar making bold moves into the residential data space from commercial
• Data aggregator values have soared while the data providers have tanked