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 »