On Friday, Sen. Sweeney proposed to tap a total of $500 million from the state Corporation Business Tax, the New Jersey Turnpike and the Clean Energy Fund for the NJ TRANSIT operating budget.
The Bay Area-based has secured an estimated $75 million in capital commitments to its opportunity zone fund aimed at closing the affordability gap in the expensive local housing market.
Living New York, a real estate firm specializing in landlord representation, sales and new development, has acquired Mdrn. Residential, a New York-based brokerage firm.
Capital One has loaned $131.2 million to RXR Realty, a New York-based real estate firm, for the construction of 26 South Division St., a 28-story mixed-use apartment tower in New Rochelle, New York.
The 950,000 square foot LEED-certified building, designed by New York-based British architect Brandon Haw, will consist of 13 office floors totaling 520,000 square feet of leasable floor area, a retail colonnade and storefront at grade level totaling 17,000 square feet with nearly 900 parking units.
The firm, which is headquartered in San Francisco, plans to rapidly hire 100 new employees for its 350 North Orleans office, with additional growth plans above and beyond.
The New York-based owner, developer and investor has launched a new office in Washington DC, which will be led by senior managing director, Jeff Neal.
Built, a construction finance technology platform, is taking aim at the pain points in construction lending, continually adding features to help streamline the process. To accomplish this goal the firm has brought on commercial lender executive Jim Fraser to help with the task.
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