Mott Haven Affordable Project is First to Complete NYC’s New Expedited Land Use Review

Mott Haven Affordable Project is First to Complete NYC’s New Expedited Land Use Review

The New York City Council approved the City’s first Expedited Land Use Review Procedure (ELURP) application for 351 Powers Ave., a plot of city-owned land in the South Bronx’s Mott Haven neighborhood that will be developed... Read more »
NYC’s Population Is Falling, but It Isn’t Just the Rich Who Are Fleeing

NYC’s Population Is Falling, but It Isn’t Just the Rich Who Are Fleeing

Following two consecutive years of steady growth, New York City saw its overall population shrink in 2025, fueled by an exodus of local residents across all income brackets.  A new study from... Read more »
Resorts World Set to Open NYC’s First Table Games Casino

Resorts World Set to Open NYC’s First Table Games Casino

Resorts World New York City (RWNYC) is set to officially open the city’s first-ever live table games on Tuesday, April 28. At the facility next to Aqueduct Racetrack, the reimagined third floor with more than 240... Read more »
Mamdani Set To Unveil Plan To Cut Insurance Costs for NYC’s Affordable Housing

Mamdani Set To Unveil Plan To Cut Insurance Costs for NYC’s Affordable Housing

New York City Mayor Zohran Mamdani is set to announce a plan Thursday to cut insurance costs for owners of affordable and rent-stabilized housing, targeting one of the most punishing expenses for... Read more »
JEMB’s Herald Towers Secures NYC’s First Multifamily C-PACE Financing

JEMB’s Herald Towers Secures NYC’s First Multifamily C-PACE Financing

North Bridge ESG LLC, a leading provider of real estate credit solutions, closed on $8.5 million in C-PACEfinancing to support infrastructure upgrades at Herald Towers, a three-tower apartment complex located at 50... Read more »
Alloy Secures 0M Permanent Financing for NYC’s First All-Electric Skyscraper

Alloy Secures $290M Permanent Financing for NYC’s First All-Electric Skyscraper

Alloy Development has secured $290 million in permanent financing for 505 State St., reportedly New York City’s first all-electric skyscraper, located at the intersection of State Street and Flatbush Avenue in Downtown Brooklyn.... Read more »