This is the sixth closing of the acquisition previously announced in September 2017 with 28 properties now closed for approximately $42 million.

At present, the moratorium does not affect New York City, which is served by Con Edison. However, on its website, Con Edison stated, “We continue to accept new gas customer applications in New York City. We will continue to monitor increases in customer demand and our ability to meet that demand with traditional supplies or clean alternatives in our New York City gas service area.”

The company is expected to bring 550 positions, an increase of 20% of its present area workforce, to its new headquarters offices in early 2021.

The Policy is one of dozens of Depression-era buildings that UIP has renovated in many DC neighborhoods. The company owns and manages two other apartment buildings nearby—1940 Biltmore St. and 1841 Columbia Road.

The federal government shutdown, now in its 28th day and with no end in sight, is impacting 18,000 federal employees that work at affected agencies as well as an unknown number of low-wage federal contractors in New York City.

The recent IDA approvals come at a time when the city is at odds with the county's union building trades.

The long-term lease with RK Pharma involves the entire 215 building and its adjoining annex at the campus.

While noting that the college's current budget is balanced and its $52-million endowment has been strong, the harsh financial realities of small universities in the United States could not be ignored.