St. Paul strikes down key rent control protections – Robert Khodadadian

St. Paul, Minnesota, has decided to let landlords raise rents on rent-controlled apartments after a tenant moves out, as well as exempt thousands of units built in the last 20 years from its rent control law. The decision to gut key aspects of a rent stabilization ordinance approved last November by 53 percent of voters comes after several developers threatened to pull out of the local market, according to the Twin Cities Pioneer Press. Housing

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate The Real Deal New York Read More

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