ALBANY-While several business leaders have lauded the bipartisan initiative as a constructive measure to spur economic growth, others say it provides little support for already cash-strapped municipalities.

NEW YORK CITY-From grocery-anchored shopping centers to the latest urban malls, ICSC panelists agreed that the pendulum is swinging in favor of transit-oriented development throughout the five boroughs and beyond.

PLAINFIELD, NJ-The private investor snatched up the distress on a nine-building, 182-unit portfolio scattered throughout this Union County city, GlobeSt.com has learned exclusively.

NEW YORK CITY-Trepp’s Managing Director Matthew Anderson tells GlobeSt.com’s Jacqueline Hlavenka that the pace of bank shutdowns are beginning to follow a “cyclical” pattern.

NEW YORK CITY-The marketing communications firm will be the first company to anchor the 26-story, 768,565-square-foot tower following a full-scale redevelopment and a massive loan from Bank of China. CBRE’s Gregory Tosko tells GlobeSt.com that the upgrades “were critical” to the deal.

NEW YORK CITY-The third residential tower in TF Cornerstone’s 2.9 million-square-foot East Coast development has secured financing from four domestic banks. TF Cornerstone’s Jeremy Shell tells GlobeSt.com’s Jacqueline Hlavenka that lenders’ familiarity with the project “helped make the process easier.”

NEW YORK CITY-Infrastructure construction has begun on the 12.7-acre site adjacent to Citi Field, laying the foundation for 400 units of housing and 680,000 square feet of retail.

NEW YORK CITY-Hidrock Realty’s president Abraham Hidary talks with GlobeSt.com about its two newest projects, 960 Avenue of the Americas and 25 West 37th St.