The governor said that a congestion pricing plan is necessary in order to prevent a nearly 30% MTA fare hike, as well as the further deterioration of the transit system in coming years.

Raleigh, NC-based Preiss and a private real estate fund advised by Crow Holdings Capital have closed on the purchase of the 694-bed Luxx student housing complex that serves the University of Texas San Antonio.

The deal marks the 14th hotel property sold by the McLean, VA-based REIT in the past year as part of its ongoing program of recycling non-core assets.

The deal adds to Brookfield's portfolio in Boston that includes 13 office and life science properties totaling more than 3 million square feet and six multifamily properties.

Business and political leaders have expressed deep concern that a long-lasting moratorium could have a dramatic impact on the billions of dollars in new development projects that are in the pipeline in the affected areas of the county that include the cities of Mount Vernon, Yonkers, New Rochelle and White Plains.

Garcia will serve as interim chair while the city begins the process of selecting a permanent head of the authority. As outlined in the agreement, the city, HUD and SDNY have a month to develop a list of candidates.

The Washington, DC-based real estate firm also announced its first tenants at the multi-building property including a deal with restaurant Texas Roadhouse and Sheetz, a convenience store and gasoline station, and a 20,000-square-foot health club.

The American Airlines and British Airways investment in Terminal 8 will improve the overall customer experience, with a total of 70,400 square feet of additional space including 33,000 square feet of public space. Another 57,500 square feet of existing space will be refurbished.