De Blasio official dismisses commercial rent control idea

During a conference in Midtown Manhattan, New York City Deputy Mayor Alicia Glen was not supportive of adopting commercial rent control measures. Glen worked in real estate finance at Goldman Sachs before joining the de Blasio administration as its deputy mayor for housing and economic development. Glen said the city has taken measures to create more transparency in the retail market for small businesses, but argued that in some real estate developments, smaller tenants quite simply won't work. For more on this story, click here.

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