Some rent-stabilized buildings have lost so much value that their owners literally can't even give them away. But a key report released by the New York City Rent Guidelines Board on Thursday shows ...

M. Keith Waddell, President and CEO, opened by stating that "global enterprise revenues were $1.37 billion, down 7% from last year's second quarter both on a reported basis and on an adjusted basis.

"To be sure, a small (and often overstated) segment of rent stabilized buildings face real financial distress. Adding to the ...