New York

The eight-story steel and glass facility will include an Advanced Imaging Center, Ambulatory Surgery Center and Heart and Vascular Institute, in addition to a 20,000-square-foot expansion of private rooms for the medical center and 75,000 additional square feet for physicians' offices.

The shopping center, which was built in 2002, was purchased on behalf of the Sterling Organization's institutional core fund, Sterling United Properties I, LP (SUP I).

REBNY president John Banks argues the legislation fails to address concerns over access to training and costs, resulting in fewer construction job opportunities for New Yorkers.

The BRP-Wharton development, which should break ground in the second half of 2018, will likely involve more than $300 million in investment.

The 42-0 Council vote was hailed by many politicos and some business leaders that sought the tougher training regulations in response to a rising number of construction accidents and worker fatalities at city jobsites.

The settlement covers hundreds of tenants currently living in ICON's rent-regulated buildings located in the East Village, the Lower East Side and Brooklyn.