February 14, 2025 - 13:09

Diana Boutross, a New York real estate broker, is facing serious allegations in an updated lawsuit, claiming she managed to eliminate a competitor from a lucrative city government contract due to her close connections with two prominent aides to Mayor Adams, Ingrid Lewis-Martin and Jesse Hamilton. The lawsuit suggests that Boutross's relationships with these influential figures played a pivotal role in her securing the contract, raising questions about the integrity of the bidding process.
The lawsuit highlights the potential misuse of power and favoritism within city contracts, emphasizing concerns about transparency and accountability in local governance. Critics argue that such connections undermine fair competition, ultimately disadvantaging other qualified bidders. The situation has sparked debate about the ethical implications of personal relationships in public contracting, as well as the need for stricter regulations to prevent conflicts of interest.
As the legal proceedings unfold, the spotlight remains on the practices surrounding city contracts, with many calling for reforms to ensure a level playing field for all stakeholders involved.
May 26, 2026 - 04:41
Vancouver Real Estate Update: Office Show Suites and City Policy ShiftsA closer look at the trend driving my latest reporting for The Globe and Mail. This month I focused on the rise of office show suites, where developers finish out spaces before signing tenants,...
May 25, 2026 - 13:32
S.F. ‘BUILD Act’ is a big tax cut for the wealthy. Let’s just be honest about it.Is the proposal to slash taxes on large real-estate transactions a bad idea? Not necessarily. Are its backers being honest about what it does? Not necessarily. The so-called BUILD Act, which would...
May 24, 2026 - 17:33
Should Income Investors Look At Marwest Apartment Real Estate Investment Trust (CVE:MAR.UN) Before Its Ex-Dividend?Income investors watching the Canadian real estate market may want to mark their calendars for Marwest Apartment Real Estate Investment Trust (CVE:MAR.UN). The trust is set to go ex-dividend soon,...
May 24, 2026 - 01:24
PGIM: $260 Million Deployed As Real Estate Fund Completes 10th Property AcquisitionPGIM has deployed $260 million as its real estate fund closed on its 10th property acquisition. The latest purchase is The Arbor, a 127-unit residential community in the Riverdale section of the...