NEW YORK CITY-Interim head of the transit agency since January, Prendergast "will continue to play a crucial role in making the MTA more modern, efficient and storm ready," says Gov. Cuomo.

ALBANY-State lawmakers were set to vote Thursday on a measure intended to reduce the Long Island Power Authority to a holding company and privatize the island's utility operations.

NEW YORK CITY-Ironstate Development's project to build apartments and retail on the Staten Island site of a former naval base broke ground Thursday afternoon.

NEW YORK CITY-The buyer of a stake in the 14-building Ring office portfolio was Extell Development, according to published reports.

With assets ranging from data centers to cell phone towers now fair game for REIT transactions, companies owning them need to get their ducks in a row before launching a public offering. The experts at Ernst & Young help navigate the process.

NEW YORK CITY-While the sector has the potential for “significant growth,” its participants need to demonstrate “institutional investment acumen,” CEOs said at Thursday's IMN symposium.

ALBANY- The plan would give seven-year exclusivity to four upstate casinos yet to be built and to the New York City metro area's two existing racinos.

BOSTON-The financing from the AFL-CIO's Housing Investment Trust will help preserve affordability at Beacon Communities' 967-unit Georgetowne Homes complex.