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TRENTON, NJ-With the state still stinging from the loss of the Hertz headquarters, a state legislative committee has passed a bill that would provide temporary aid to communities that lose major employers.
NEW YORK CITY-Real estate finance firm PCCP, LLC reports it has provided Meadow Partners a $30-million senior loan for recapitalization and conversion of the nine-story multi-tenant office and retail building at 42-15 Crescent St. in Long Island City into a 124-unit, 10-story Class A, market-rate multifamily/retail project.
SARASOTA-The Westfield Group says it intends to reposition the Southgate Mall here as more of a lifestyle center and plans to add new restaurant and entertainment space at the property.
CHICAGO-Illinois Gov. Pat Quinn says that there will be no casino gaming expansion in the state without the General Assembly enacting comprehensive changes to reform the underfunded government worker pension system first.