NEW YORK CITY-W.P. Carey is combining its non-traded trusts Corporate Property Associates 10 Inc. and Carey Institutional Properties Inc. The surviving company, CIP, will have assets in excess of $700 million.
NEW YORK CITY-Good Jobs New York lambastes city and state mechanisms for meting out Downtown redevelopment funds. Lack of accountability, the absence of an affordable-housing requirement and a big-business cash grab are the group's major concerns.
NEW YORK CITY-Good Jobs New York lambastes city and state mechanisms for meting out Downtown redevelopment funds. Lack of accountability, the absence of an affordable-housing requirement and a big-business cash grab are the group's major concerns.
NEW YORK CITY-The IDA reveals approval of the funding at yesterday's groundbreaking ceremony for the Airis Corp. cargo facilities. The two-building complex is scheduled for completion next year.
NEW YORK CITY- Most of an eight-block stretch of Madison Avenue has been reopened to traffic following a crane accident yesterday that dropped tons of steel on the pavement and forced the city to close the street.
NEW YORK CITY-A narrow strip of land that would change the footprint of a new 7 World Trade Center building and restore the original street grid is being acquired by the state through its powers of eminent domain and transferred to the Port Authority.
NEW YORK CITY-The IDA approves funding for Staten Island Hospital, Planned Parenthood and two Bronx-based private companies. The aid is earmarked for improvements and expansions and comes in the form of tax-exempt bond financing, real estate benefits and sales tax exemptions.
NEW YORK CITY-The firm's co-founder buys out his partner and takes sole control of the prestigious firm. He says his vision for the future is clear and includes expanding beyond the firm's Manhattan stronghold.
NEW YORK CITY-Following its November acquisition of Commercial Bank of New York and an aggressive expansion initiative, the Long Island-based bank's earnings shot up 25% in Q1 compared to the same period a year ago.
NEW YORK CITY-Five watchdog groups will rally in protest of corporate tax breaks aimed at keeping businesses from leaving town. Organizers say accountability must be injected into the process of subsidizing firms to keep them from abandoning Lower Manhattan.
