News

Check out market updates

After Amazon workers snagged LIC condos, a senator wants to prevent insider deals

In the frenzy that followed Amazon’s Long Island City announcement, reports emerged of employees buying condos there before the news was public. Now, a state senator wants to stop those kinds of insider deals. Sen. Michael Gianaris, a Democrat who represents the Queens neighborhood, is drafting the proposed law, the Wall Street Journal reported. The legislation would prohibit buying or selling real estate based on any nonpublic government action. It would make such deals a […]


The Real Deal New York

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>