Construction & Design
New bill calls for more pay, training for construction workers
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A new bill proposed in City Council aims to secure better pay for construction workers on projects receiving government subsidies. The bill, proposed by
Deals & Dealmakers
SELLING POINTS: Time Equities buys CT tech center; Former Toys R Us corporate complex sold
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● CBRE Time Equities planning Industry City in Connecticut Time Equities has bought the Bridgeport Trade and Technology Center in Bridgeport, CT, for $13.
Featured
A.G. sues Queens Landlords for 500k in evaded taxes
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A duo of Queens landlords is being sued by New York Attorney General Barbara Underwood for attempting to evade nearly $500,000 in property taxes via a
Featured
REPORT: Bronx prices rising in adjusting residential market
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The average sales price of a home in New York City during the fourth quarter of 2018 was $938,000, a two percent increase from the fourth quarter of 2017
Deals & Dealmakers
Related gets into fulfillment business with purchase of delivery upstart
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Rags-to-riches mega-developer Stephen Ross is taking on Amazon. The one-time tax attorney turned billionaire builder announced this morning that his Related
Featured
Neighbors challenge Extell’s newest Upper West Side skyscraper
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Neighbors and an Upper West Side preservation group have filed a zoning challenge against Extell Development’s residential tower at 36 West 66th Street.
Construction & Design
IN PICTURES: Savanna tops out 540 West 26th development
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Savanna, along with its JV partner, the Silvermintz family, and general contractor Triton Construction, celebrated the topping out of 540 West 26th Street
Lawsuits
Owner wins billboard battle near Jacob Javits
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A former tenant claiming the rights to use a billboard by the Jacob Javits Center has lost their $5 million claim. Atlantic Outdoor Advertising, the tenant
Debt & Equity
MRC pumps $67M into New Jersey multifamily development
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Madison Realty Capital (MRC) closed a $67.5 million loan collateralized by a 205-unit multifamily development project and an adjacent development site
Video
Hudson Yards Construction time lapse
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Deals & Dealmakers
City launches down payment assistance fund to help non-profits buy property
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The city has launched a new Down Payment Assistance Fund to speed the production of supportive and affordable housing across New York. Housing Preservation
Featured
Rent regulated landlords win case of whodunit to J51 tax breaks
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An undisclosed policy change at City Hall threatened to disrupt hundreds of landlords throughout the city and nudge thousands of rent-stabilized apartments