Here's your summary from Kathryn Wylde on NYC Real Estate, Bail Reform, Housing (https://www.youtube.com/watch?v=uBeLFvizy_E) on the Bloomberg Television channel:
### TLDR:
New York City is experiencing growth in real estate, with a focus on converting older commercial buildings to residential use and addressing housing affordability issues.
### Key Points:
1. Hudson Yards represents a significant amount of new office space in New York, driving high commercial rents and attracting companies back to the office.
2. Legislation has been passed to incentivize the conversion of older commercial buildings to residential use, aiming to address the city's housing shortage.
3. Concerns about criminal trials involving ex-President Trump in New York and the impact on the city's economy, despite positive growth in the finance sector.
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